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UN sees global economy growing 3% in 2019, lays emphasis on ending poverty

The UN report said employment was rising but job quality remained low and far greater economic growth was needed in Africa to get people out of poverty

Reuters  |  Geneva 

The United Nations expects the global economy to grow 3 per cent this year and in 2020, slightly below a 3.1 per cent expansion in 2018, it said on Monday. But urgent and concrete policy action is needed to put the world on track to meet the UN's goals for eradicating poverty by 2030, it said in its annual economic forecast, the "World Economic Situation and Prospects". "There are plenty of yellow lights flashing and some of those yellow lights are almost certainly likely to turn red over the coming year, with very unpredictable consequences," said Richard ...

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First Published: Mon, January 21 2019. 22:33 IST