"INCOME DISTRIBUTION"

Global growth has slowed sharply, and the risk of financial stress in emerging market and developing economies is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. WORLD BANK

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

The 55th Session of the UN Commission on Population and Development is happening this week in New York to discuss the theme “Population and sustainable development, in particular sustained and inclusive economic growth.” UNIFEED

Women face an undue share of the negative economic impact of the COVID-19 crisis, but the Biden Administration is hoping a massive stimulus package can help ease the burden on Americans, US Treasury Secretary Janet Yellen said in an ‘IMF Womenomics’ event released Monday in Washington, DC. IMF

Briefing by Stephane Dujarric, Spokesperson for the Secretary-General.

Elliot Harris, UN Chief Economist and Assistant Secretary-General for Economic Development, and Leila Fourie, Chief Executive Officer of the Johannesburg Stock Exchange and co-chair of the Global Investors for Sustainable Development (GISD) Alliance, hold a virtual press conference to discuss their action plan to scale up investment in sustainable development.

Chinese President Xi Jinping said, facing the coronavirus, “we should enhance solidarity and get this through together. We should follow the guidance of science, give full play to the leading role of the World Health Organization, and launch a joint international response to beat this pandemic. Any attempt of politicizing the issue or stigmatization must be rejected.” UNIFEED

Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international level, according to World Social Report 2020 released today. UNIFEED

A new dataset from the International Labour Organization (ILO) revealed that ten percent of workers worldwide receive 48.9 percent of total global pay, while the lowest-paid 50 percent of workers receive just 6.4 percent. ILO

Briefing by Stephane Dujarric, Spokesperson for the Secretary-General.