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UNIC Port of Spain - Caribbean UN - Displaying items by tag: Economics

Davos Conference - What is it?

The World Economic Forum Annual Meeting is the only yearly gathering that brings together leaders of global society. The heads and members of more than 100 governments, top executives of the 1,000 foremost global companies, leaders of international organizations and relevant non-governmental organizations, the most prominent cultural, societal and thought leaders, and the disruptive voices of the Forum’s Young Global Leaders, Global Shapers and Technology Pioneers come together at the beginning of each year to define priorities and shape global, industry and regional agendas.

Participation is by invitation only and reserved for members of the Forum’s communities. The ongoing close collaboration with those communities in cooperation with a Network of Global Future Councils ensures the solution-oriented substance of the Annual Meeting. Numerous initiatives of global importance have been launched in Davos.

The World Economic Forum is an independent and impartial International Organization for Public-Private Cooperation. Its objective is to improve the state of the world. It does not promote any political, commercial or personal interests, nor does it use the names of its participants for promotional purposes.

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Video: programme item - Strategic Outlook on Energy

 

Video: Strategic outlook on Heealth Care

 

 

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Upswing in global growth won’t last forever - IMF says world must prepare now for leaner times ahead

“Global growth is projected to soften beyond the next couple of years,” said the report, explaining that: “Once their output gaps close, most advanced economies are poised to return to potential growth rates well below pre-crisis averages – held back by aging populations and lackluster productivity.”

Looking at the largest economies, the World Economic Outlook , the Fund’s semiannual report on the health of the international economy, shows growth projections at 2.4 per cent for the euro area, 1.2 per cent for Japan, 6.6 per cent for China and 2.9 per cent for the United States.

“Despite the good near-term news, longer-term prospects are more sobering,” said Maurice Obstfeld, Economic Counsellor and Director of Research at the IMF, the specialized United Nations agency working to ensure stability in the global financial system.

“Advanced economies – facing aging populations, falling rates of labor force participation, and low productivity growth – will likely not regain the per capita growth rates they enjoyed before the global financial crisis,” he continued.

Mr. Obstfeld painted a diverse picture for emerging and developing economies, saying that among non-commodity exporters, some countries can expect longer-term, pre-crisis type growth rates.

However, despite some improvement in the outlook for commodity prices, he pointed out that some exporters will need to diversify their economies to boost future growth and resilience.

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UN forum sees ‘moderate’ recovery for Latin American and Caribbean economies in 2018

New economic projections for Latin America and the Caribbean show moderate recovery in 2018 and growth the following year – with favoured expansions in consumption and domestic investment, the United Nations reported Thursday.

The Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, unveiled on Thursday the Preliminary Overview of the Economies of Latin America and the Caribbean 2017, which analyses the economies’ performance and updates its latest growth projections.“Although there is reduced fiscal space in the region, we need to promote active public policies to sustain the expansion cycle,” stated Ms. Bárcena, adding that they include strengthening regulation, productive development, tax collection and intraregional trade.

After notching 1.3 per cent growth on average in 2017, the report maintains that regional economies would recover moderately in 2018, and grow 2.2 per cent the following year – noting that the regional economic projections are evolving in a more favourable international context than over the last few years.

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eclac projections18

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