World Economic Situation and Prospects 2024The World Economic Situation and Prospects 2024 is a report produced by the United Nations Department of Economic and Social Affairs (UN DESA), in partnership with the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions: the Economic Commission for Africa (ECA), Economic Commission for Europe (UNECE), Economic Commission for Latin America and the Caribbean (ECLAC), Economic and Social Commission for Asia and the Pacific (ESCAP) and Economic and Social Commission for Western Asia (ESCWA). The United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) and the United Nations World Tourism Organization (UNWTO) also contributed to the report.World Economic Situation and ProspectsECLAC José Manuel Salazar-Xirinachs, Executive Secretary Economic Commission for Latin America and the Caribbean Av. Dag Hammarskjöld, 3477 Vitacura Santiago, Chile Chile +56-2-22102000 secepal@cepal.orgESCAP Armida Salsiah Alisjahbana, Executive Secretary Economic and Social Commission for Asia and the Pacific United Nations Building Rajadamnern Nok Avenue Bangkok 10200 Thailand +66-2-2881234 escap-scas@un.orgESCWA Rola Dashti, Executive Secretary Economic and Social Commission for Western Asia P.O. Box 11-8575 Riad el-Solh Square, Beirut Lebanon +961-1-981301 https://www.unescwa.org/contactFor further information, visit https://www.un.org/en/desa or contact:UN DESA Li Junhua, Under-Secretary-General Department of Economic and Social Affairs Room S-2922 United Nations New York, NY 10017 USA +1-212-9635958 undesa@un.orgUNCTAD Rebeca Grynspan, Secretary-General United Nations Conference on Trade and Development Room E-9042 Palais de Nations, 8–14 1211 Geneva 10 Switzerland +41-22-9175806 sgo@unctad.orgECA Claver Gatete, Executive Secretary United Nations Economic Commission for Africa Menelik II Avenue P.O. Box 3001 Addis Ababa Ethiopia +251-11-5511231 ecainfo@uneca.orgUNECE Tatiana Molcean, Executive Secretary United Nations Economic Commission for Europe Palais des Nations CH-1211 Geneva 10 Switzerland +41-22-9174444 unece_info@un.orgISBN: 978-92-1-002979-7 PDF ISBN: 978-92-1-358644-0 Print ISSN: 1995-2074 Online ISSN: 2411-8370United Nations publication Sales No. E.24.II.C.1Copyright @ United Nations, 2024 All rights reservedIII ForewordThe 2024 edition of the United Nations’ World Economic Situation and Prospects report comes amid stark global economic inequalities and high geopolitical tensions.While rich economies have largely bounced back from the COVID-19 pandemic, developing economies have lost ground. Many are drowning in debt, with more than a third at risk of crisis. Investment in climate action and sustainable development is falling woefully short. Hunger and poverty are on the rise. And growing divisions between...
