1、World Economic Situation and Prospects as of mid-2019 United Nations New York, 2019 World Economic Situation and Prospects as of mid-2019* The global growth outlook has weakened amid unresolved trade tensions and elevated international policy uncertainty. Across both developed and developing countri
2、es, growth projections for 2019 have been downgraded. Alongside a slow- down in international trade, business sentiments have deteriorated, casting a cloud on investment prospects. In response to softening economic activity and subdued inflationary pressures, major central banks have eased their mon
3、etary policy stances. While part of the growth slowdown reflects temporary factors, downside risks remain high. Prolonged trade disputes could have significant spillovers, includ- ing through weaker investment and the disruption of production networks. Recent monetary policy shifts have reduced shor
4、t-term financial pressures, but may further fuel debt accumulation, increasing medium-term risks to financial stability. These persistent macroeconomic risks are compounded by greater frequency and inten- sity of natural disasters, reflecting the rising effects of climate change. In the face of thes
5、e multifaceted challenges, tackling the current growth slowdown and placing the world economy on a robust path towards the 2030 Agenda for Sustainable Development require more comprehensive and well- targeted policy responses. This should include a combination of monetary, fiscal and development-ori
6、ented measures. A coordinated, multilateral approach to global cli- mate policy, including a price on carbon, is an important element of this policy mix. Increasing use of internal CO2 prices by the private sector indicates some willingness by firms to adapt to expected policy changes. The deteriora