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Global Economy
Food prices rise for second month, strong cereal crop forecasted for 2013
World food prices rose for a second straight month, the United Nations Food and Agriculture Organization (FAO) today said, while global production of coarse grains could set a new record this year with strong growth also projected for global wheat and rice production.
Long-term impact of youth employment crisis could be felt for decades
An estimated 73 million young people will be out of work this year, according to a new United Nations report that says the long-term impact of the youth employment crisis could be felt for decades and calls for creative and wide-ranging policy solutions to address the problem.
Debt crises hitting both rich and poor countries threaten UN development agenda
Debt distress, no longer just the province of poor countries, is a drag on development programmes as well as on the world economy, United Nations leaders said today as economic experts and representatives of international financial institutions met to discuss practical and equitable mechanisms for restructuring sovereign debt.
Stronger joint action of UN, international financial institutions urged at development forum
Poverty reduction, trade growth and job creation require greater coordination between the United Nations and the Bretton Woods institutions, the head of the Economic and Social Council (ECOSOC) today urged at the opening of a special high-level meeting on sustainable development and the post-2015 development agenda.
UN experts urge World Bank to adopt human rights standards in its policies
Ahead of a key meeting to review the World Bank’s social policies, a group of United Nations independent experts called on the organization to adopt human rights standards to ensure its measures do not unintentionally harm the world’s most vulnerable populations.
Dairy price surge pushes world food costs for March slightly higher
A sharp surge in the price of dairy products pushed the overall costs of food one percentage point higher in March, the United Nations reported today, while world wheat production remained on track to reach its second highest level ever, barring adverse weather.
International investment disputes hit record in 2012
Foreign investors are increasingly resorting to investor-State arbitration to settle investment disputes, with a record number of cases filed last year, according to a new report released today by the United Nations Conference on Trade and Development UNCTAD).
UN report highlights foreign direct investment into and out of emerging economies
Foreign direct investment (FDI) going into and out of the emerging economies of Brazil, Russia, India, China and South Africa – collectively known as BRICS – is mounting in global influence, according to a United Nations report released today.
European recession further slowed global manufacturing
Global manufacturing output rose by merely 1.2 per cent in the fourth quarter of last year compared to the same period in the previous year, the lowest quarterly growth rate in the last three years, according to a United Nations report released today that attributes the slowdown to the prolonged recession in Europe and weaker growth in other industrialized countries.
Global food prices remain stable
World food prices have held steady for another month with falling cereal and sugar prices offsetting gains in vegetable oils and dairy, the United Nations Food and Agriculture Organization (FAO) today said.
