2023-05-27 08:25:01
Thailand is one of the Southeast Asian countries that is doing the best, thanks in particular to the return of Chinese tourists after the pandemic. (©AFP)
Growth is proving more resilient overall than expected. But the outlook for developing economies is deteriorating.
UN experts presented a mixed picture of the global economy on May 16, in which some positive notes do not obscure serious challenges for the future.
In the semi-annual report of the United Nations Department of Economic and Social Affairs, entitled “Situation and prospects of the world economy”, the forecast for overall growth for this year is revised upwards, from 1.9 to 2 .3%, particularly given a more resilient US economy than expected.
The still high level of household spending should therefore lead to GDP growth of 1.1% in the United States and 0.9% in the European Union (which should also benefit from the drop in energy prices ).
As for China, it will benefit from a marked recovery in growth, estimated at 5.3%, following the lifting of health restrictions last December.
For 2024, global growth is expected to accelerate, with a forecast of 2.5%. But this rate is still much lower than that observed on average during the two decades preceding the pandemic (3.1%).
Record employment rates
On both sides of the Atlantic, the labor market continued to show remarkable resilience, contributing to the good performance of consumption, notes the report. Employment rates reach record highs
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