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UN’s World Economic Situation and Prospects Report 2026
January 13 , 2026
13 hrs 0 min
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- It was produced by the United Nations Department of Economic and Social Affairs (UN DESA).
- It was also in partnership with the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions.
- According to the UN report, the increase in global military expenditure in 2024 to $2.7 trillion reflects “the steepest annual increase since at least 1988”.
- The rise has been driven by the world’s 10 largest spenders, which make up nearly 75 per cent of the total.
- Many developing countries continue to struggle with elevated debt burdens, limited fiscal space and tepid growth.
- The progress towards the Sustainable Development Goals remains distant.
- Some important steps that were taken in 2025 by the international community to renew solidarity and strengthen collective action.
- These collective actions include the Sevilla Commitment, the World Social Summit and COP30
- World Social Summit that reaffirmed that jobs, equality and human rights are the foundation of peace and prosperity.
- 4th International Conference on Financing for Development (FfD4) was in June 2025 Seville, Spain.
- A Sevilla Commitment was adopted which laid down a path to close the $4 trillion annual SDG financing gap in developing countries.
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