The global economy will accelerate in 2021, though with significant variation around the world as vaccinations reduce direct costs of the pandemic as well as lockdowns and social distancing.

Nevertheless, a 2021 recovery is very uncertain. China’s economy is growing strongly again, but many of the world’s richest nations may not fully rebound until 2022 at the earliest.

The World Economic Situation and Prospects Monthly Briefing is prepared by the Global Economic Monitoring Branch of UN DESA’s Economic Analysis and Policy Division.

Governments around the world responded rapidly—and boldly—to stem the health and economic contagion of the crisis. Fiscal and monetary stimulus packages were quickly rolled out to save the ...

WILL THE stagflationary forces acting on the world economy last? Throughout 2021, central banks and most economists have said that the factors causing inflation to rise and growth to slow would be ...

FOR A DECADE after the financial crisis the world economy’s problem was a lack of spending. Worried households paid down their debts, governments imposed austerity and wary firms held back ...

The coronavirus has crippled the world economy. Global GDP suffered its sharpest drop since the end of the second world war in 2020, millions were unemployed or furloughed, and governments pumped ...