UN / WORLD ECONOMIC AND SOCIAL PROSPECTS

16-May-2017 00:01:44
The mid-year update of the World Economic Situation and Prospects 2017 (WESP 2017) confirms the projections made in the January report, indicating a modest recovery in global growth for 2017-2018. UNIFEED
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STORY: UN / WORLD ECONOMIC AND SOCIAL PROSPECTS
TRT: 01:44
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 16 MAY 2017, NEW YORK CITY / FILE
SHOTLIST
FILE – RECENT, NEW YORK CITY

1. Aerial shot, exterior United Nations headquarters

16 MAY 2017, NEW YORK CITY

2. Wide shot, press conference
3. Med shot, journalists
4. SOUNDBITE (English) Diana Alarcón, Chief, Global Economic Monitoring Unit, Development Policy and Analysis Division, DESA:
“The report confirms that at the global level, economic growth has strengthened in recent months in line with the forecast presented in January. Industrial production has picked up, world trade is reviving, and economic sentiment has generally improved. World Gross Product is expected to expand by 2.7 percent in 2017 and 2.9 percent in 2018.”
5. Med shot, journalists
6. SOUNDBITE (English) Diana Alarcón, Chief, Global Economic Monitoring Unit, Development Policy and Analysis Division, DESA:
“The modest strengthening of economic activity has not been evenly spread across countries. We are seeing a general uptick in growth in many of the large develop countries, improved prospects in many economies in transition, and continued robust growth in East and South Asia. However, the strength of recovery remains insufficient in many regions for rapid progress towards achieving the Sustainable Development Goals.”
7. Med shot, journalists
8. SOUNDBITE (English) Diana Alarcón, Chief, Global Economic Monitoring Unit, Development Policy and Analysis Division, DESA:
“Under the current growth trajectory, without a decline in income inequality, nearly 35 percent of the population in Least Developed Countries may remain in extreme poverty by 2030.”
9. Zoom out, end of presser
STORYLINE
The mid-year update of the World Economic Situation and Prospects 2017 (WESP 2017) confirms the projections made in January report, indicating a modest recovery in global growth for 2017-2018.

Diana Alarcón, Chief of the Global Economic Monitoring Unit told journalists in NY that the report “confirms that at the global level, economic growth has strengthened in recent months in line with the forecast presented in January.”

Alarcón said “industrial production has picked up, world trade is reviving, and economic sentiment has generally improved. World Gross Product is expected to expand by 2.7 percent in 2017 and 2.9 percent in 2018.”

However, she said, “the modest strengthening of economic activity has not been evenly spread across countries” as “recovery remains insufficient in many regions for rapid progress towards achieving the Sustainable Development Goals.”

Alarcón said that “under the current growth trajectory, without a decline in income inequality, nearly 35 percent of the population in Least Developed Countries may remain in extreme poverty by 2030.”

Average growth of 4.7 percent in 2017 and 5.3 percent in 2018 is forecast for Least Developed Countries (LDCs), well below the Sustainable Development Goal (SDG) target of at least 7 per cent GDP growth.
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