Growth in the world economy is surpassing expectations and global GDP is now expected to expand by more than three per cent this year and in 2019, reflecting strong growth in developed countries and broadly favourable investment conditions, a new UN report finds.
But rising trade tensions, heightened uncertainty over monetary policy, increasing debt levels and greater
geopolitical tensions can potentially thwart progress, according to the United Nations World Economic
Situation and Prospects (WESP) as of mid-2018, launched today in New York.
