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.

The COVID-19 pandemic is wreaking havoc on the global eco­­nomy, unleashing the worst economic downturn since the Great Depression. Since the April 2020 Monthly Briefing on the World Economic ...

This week the Wold Bank released its June 2020 Global Economic Prospects report with a grim headline: COVID-19 to Plunge Global Economy into Worst Recession since World War II.

The global economy is expected to shrink by about 5.2% in 2020 as a result of the coronavirus pandemic, making it one of the four most severe downturns in 150 years, the World Bank said Monday.

Stock and commodity prices on the wall of the Australian Stock Exchange in Sydney as Prime Minister Scott Morrison speaks on Sept. 2, 2020. (Ryan Pierse/Getty Images) Global attitudes about the state ...

And the US government’s partisan gridlock over the debt ceiling is far from resolved. All of that has the global economy in a vise grip that we won’t be free of anytime soon.

What can the world expect for the global economy in 2020? Four Council of Councils experts discuss the most important risk, challenge, or opportunity they foresee for the coming year.

Did the pandemic destroy the world economy as much as we think. That depends on who you ask. Barclays Capital economists, led by Christian Keller, say no. “The pandemic is not over, but ...

Photo taken on April 17, 2020 shows the World Bank headquarters in Washington, D.C., the United States. [Photo/Xinhua] The global economy is on track to shrink by 5.2 percent this year amid the ...

And the US government’s partisan gridlock over the debt ceiling is far from resolved. All of that has the global economy in a vise grip that we won’t be free of anytime soon.

The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.

Fast forward to 2020 and China has emerged as a major global power, its single-party rule and state-dominated economy the cause of alarm in foreign capitals—and pride in Beijing. By 2035, Bloomberg ...