U.N. Department of Economic and Social Affairs
UN forecasts decrease in global economic growth to 1.9 percent
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The United Nations has forecast that global economic growth will fall significantly to 1.9 percent this year as a result of the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently high inflation and the climate emergency.
UN foresees global economy to contract 0.9% in 2020
The global economy could shrink 0.9% this year due to the coronavirus pandemic, the U.N. Department of Economic and Social Affairs (U.N. DESA) said on April 1.
The world output could contract further if imposed restrictions on economic activities extend to the third quarter, and fiscal responses fail to support income and consumer spending, the U.N. body said.