"ENERGY CRISIS"

The IMF announced that global growth is expected to slow from 3.4 percent in 2022 to 2.9 percent in 2023 in a press briefing held in Singapore to mark the launch of the January update of the World Economic Outlook report. IMF

Ongoing attacks, cold temperatures portend more hardship in Ukraine, United Nations Humanitarian Chief tells Security Council.

Noon briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

The severe inflationary crisis, combined with a global slowdown in economic growth - driven in part by the war in Ukraine and the global energy crisis - are causing a striking fall in real monthly wages in many countries. ILO

Noon briefing by Farhan Haq, Deputy Spokesperson for the Secretary-General.

The 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), started today in Egypt. The conference seeks renewed solidarity between countries to deliver on the landmark Paris Agreement, for people and the planet. UNIFEED

Unemployment and inequality both look set to rise because multiple and overlapping economic and political crises threaten labour market recovery worldwide, according to the latest edition of the International Labour Organization Monitor on the World of Work. ILO

Alfred Kammer, Director of the IMF’s European Department held a press conference to address questions about Europe’s economy, including the fallout following the launch of Russia’s war on Ukraine. IMF

The IMF issued a gloomy forecast for global growth, downgrading its forecast for 2023 in its World Economic Outlook report issued Tuesday in Washington, D.C. IMF

The International Monetary Fund projects global growth is slowing under the burden of high inflation, impact of Russia’s war in Ukraine, and lingering effects of pandemic, announced Pierre-Olivier Gourinchas, the IMF’s Chief Economist, on Tuesday. IMF