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UN / WESP 2018
STORY: UN / WESP 2018
TRT: 02:32
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS
DATELINE: 11 DECEMBER 2017, NEW YORK CITY / FILE
FILE – RECENT, NEW YORK CITY
1. Wide shot, exterior United Nations headquarters
11 DECEMBER, NEW YORK CITY
2. Med shot, press conference
3. SOUNDBITE (English) Liu Zhenmin, Under-Secretary-General for Economic and Social Affairs:
“The general economic picture conveyed in the report is more positive, compared to recent years. The global economy is growing by three percent, the highest growth rate since 2011. About two thirds of all countries are seeing stronger growth this year, compared to last year. And steady global growth of three percent is forecast to continue next year and beyond.”
4. Med shot, journalists
5. SOUNDBITE (English) Liu Zhenmin, Under-Secretary-General for Economic and Social Affairs:
“While unemployment has declined in many countries, deeper labour market challenges remain, including high levels of under employment, youth unemployment, and vulnerable forms of employment. With more positive macroeconomic forecasts and these problems in mind, the report presents a compelling argument policymakers should use the current improvement in macroeconomic conditions to accelerate progress on fundamental development challenges.”
6. Med shot, journalists
7. SOUNDBITE (English) Dawn Holland, Senior Economic Affairs Officer for the Development Policy and Analysis Division of DESA:
“The improvements in the global economic conditions offers grater scope for policymaking to shift away from the short-term focus that is inevitably part of coping with crises, towards the longer-term issues such as developing low-carbon economic growth, reducing inequalities, improving economic diversification, and eliminating the other deep-rooted barriers that hinder development.”
8. Med shot, journalists
9. SOUNDBITE (English) Dawn Holland, Senior Economic Affairs Officer for the Development Policy and Analysis Division of DESA:
“We have seen a rebound in world trade which has been driven largely by stronger demand from East Asian economies, which is supported by policy stimulus measures there. East Asia and South Asia remain the world’s most dynamic regions, and together contribute to nearly half of global growth.”
10. Wide shot, end of presser
According to the World Economic Situation and Prospects 2018 (WESP 2018,) released today (11 Dec,) the world economy has strengthened as lingering fragilities related to the global financial crisis subside. In 2017, global economic growth reached three percent, the highest growth rate since 2011.
At the launch of the report at UN Headquarters in New York, the Under-Secretary-General for Economic and Social Affairs, Liu Zhenmin, said “the general economic picture conveyed in the report is more positive, compared to recent years,” with about two thirds of all countries “seeing stronger growth this year, compared to last year.”
This “steady global growth,” Zhenmin said, “is forecast to continue next year and beyond.”
According to the report, the improved global economic situation provides an opportunity for countries to focus policy towards longer-term issues such as low carbon economic growth, reducing inequalities, economic diversification and eliminating deep-rooted barriers that hinder development.
Zhenmin said that “while unemployment has declined in many countries, deeper labour market challenges remain, including high levels of under employment, youth unemployment, and vulnerable forms of employment.”
He said that the report presents a compelling argument that “policymakers should use the current improvement in macroeconomic conditions to accelerate progress on fundamental development challenges.”
The Senior Economic Affairs Officer for the Development Policy and Analysis Division of DESA, Dawn Holland, said improvements in the global economic conditions offer “grater scope for policymaking to shift away from the short-term focus that is inevitably part of coping with crises, towards the longer-term issues such as developing low-carbon economic growth, reducing inequalities, improving economic diversification, and eliminating the other deep-rooted barriers that hinder development.”
Holland also noted that “we have seen a rebound in world trade which has been driven largely by stronger demand from East Asian economies, which is supported by policy stimulus measures there.”
She said, “East Asia and South Asia remain the world’s most dynamic regions, and together contribute to nearly half of global growth.”
According to the report, the recent improvements in growth remain unevenly distributed across countries and regions and economic prospects for many commodity exporters remain particularly challenging.
Negligible growth in per capita GDP is anticipated in several parts of Africa, Western Asia, and Latin America and the Caribbean. The impacted regions combined are home to 275 million people living in extreme poverty.
The report indicates that without sustained, economic growth, the chances of bringing that number to zero remain slim.
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