World economic situation and prospects as of mid-2023

Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN’s latest World Economic Situation and Prospects report. Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition to the ever-worsening impact of climate change, the report found. The current global economic outlook also presents an immediate challenge to delivering on the Sustainable Development Goals (SDGs).