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GLOBAL ECONOMIES: GEOECONOMICS – Chief Economists: Geoeconomics Undermines SDG Progress amid Weak Economy

GLOBAL ECEONOMIES: GEOECONOMICS – Chief Economists: Geoeconomic Factors Undermine SDG Progress Amid a Weak Global Economy
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Monday, 18th September 2023

As world leaders head to New York for the UN high-level week to discuss how to advance the Sustainable Development Goals (SDGs), a new World Economic Forum report highlights the challenges facing developing countries, with six in 10 economists surveyed warning of a deepening trade-off between development and climate action.

The latest Chief Economists Outlook, released today, also finds that over 60% of chief economists expect the global economy to weaken in the coming year amid uncertain domestic and international politics and unsettled financial markets. Although a large majority (86%) expects the recent global inflationary surge to ease, the prolonged tightening of financial conditions is expected to have lasting impacts, including a squeeze on business lending, increases in corporate debt defaults, and potential corrections in property and equity markets. Learn More /…

About WEF (The World Economic Forum)

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. Learn More /…

Image Credit: WEF

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