UN's report forecasts global economic growth around 3% in 2019

The global economy will grow around 3 per cent annually in 2019 and 2020, but waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects, the United Nations said on Monday.

The UN’s report, the World Economic Situation and Prospects 2019, said signs suggest that the economic growth spurt “has peaked,” forecasting that global growth will remain steady at just below the 3.1 per cent expansion of 2018. But the report stressed that growth is uneven and often doesn’t reach poorer nations.

Per capita income is expected to stagnate or see only marginal growth this year