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Publication -> World Economic Situation and Prospects 2017

File Created On:
February, 2017

After contracting for two consecutive years, the economy of Latin America and the Caribbean is expected to return to positive growth in 2017, but significant external and internal headwinds will persist, according to the United Nations World Economic Situation and Prospects (WESP) 2017 Report released today.
The report shows that world gross product grew by just 2.2 per cent in 2016, marking the slowest pace of expansion since the Great Recession of 2009. Global growth is projected to improve moderately to 2.7 per cent in 2017 and 2.9 per cent in 2018, but this is more an indication of economic stabilization than a signal of a robust revival of global demand.

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