Multiple shocks to the world economy

The world continues to confront multiple, inter-connected crises. Amid a slow recovery from the impact of the COVID-19 pandemic, the world is facing a food and energy crisis exacerbated by the war in Ukraine, with record high inflation unleashing a cost-of-living crisis. Developing countries are struggling over the costs of imports and debt servicing, and a climate crisis continues to wreak havoc on the most vulnerable countries and populations.

"This is not the time for short-term thinking or knee-jerk fiscal austerity that exacerbates inequality, increases suffering and could put the SDGs farther out of reach."

- António Guterres
Secretary-General of the United Nations

Amid monetary tightening, subdued consumption and private investments, judicious government spending will remain critical for steering economic recovery worldwide. The UN World Economic Situation and Prospects 2023 will underscore the imperative of supportive and accommodative fiscal measures to lift growth and accelerate progress towards the Sustainable Development Goals.

Full Report:

• English (11 mb)

Executive Summary:

• (1.2 mb) العربية 
• 中文 (578 kb),
• English (177 kb)
• Français (1.1 mb),
• Русский (986 kb),
• Español (1.3 mb)

Press Release:

• (1.2 mb) العربية 
• 中文 (578 kb),
• English (101 kb),
• Français (737 kb),
• Русский (986 kb),
• Español (736 kb)

Regional Press Releases:

• Europe
  • English (1 mb)
  • Français (609 kb)
  • Español (602 kb)
• Western Asia
  • English (947 kb),
  • (352 kb) العربية
• Africa
  • English (1 mb)
  • Français (587 kb)
• Commonwealth of Independent States
  • English (1.1 mb),
  • Русский (1.2 mb)
• East & South Asia
  • English (944 kb),
  • 中文 (1 mb)
• Latin America & Caribbean
  • English (1 mb)
  • Español (580 kb)