UN / WESP 2022

13-Jan-2022 00:02:52
Launching the World Economic and Social Prospects 20122 (WESP 2022) the Under-Secretary-General for Economic and Social Affairs, Liu Zhenmin, said full global recovery from the effects of the COVID-19 pandemic “is still a long way off.” UNIFEED
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STORY: UN / WESP 2022
TRT: 02:52
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 13 JANUARY 2021, NEW YORK CITY / FILE
SHOTLIST
FILE – NEW YORK CITY

1. Wide shot, United Nations Headquarters

13 JANUARY 2021, NEW YORK CITY

2. Wide shot, press room
3. Wide shot, reporters, Liu Zhenmin on screen
4. SOUNDBITE (English) Liu Zhenmin, Under-Secretary-General, Economic and Social Affairs, United Nations:
“After a deadly global economic contraction in 2020, last year, 2021, was marked by global economic recovery, although it remains uneven and fragile. Significant progress in vaccinations along with supportive macroeconomic policies in a number of countries made this possible. With several economic activities returning to pre-crisis levels. But a full global recovery is still a long way off.”
5. Med shot, reporters
6. SOUNDBITE (English) Liu Zhenmin, Under-Secretary General, Economic and Social Affairs, United Nations:
“Job creation has not yet made up for the (inaudible) losses, with employment deficits disproportionally affecting women and the youth. At the same time, the spread of new COVID-19 variants, supply shortages, rapidly rising inflation, and looming debt challenges are clouding the economic outlook All these factors threaten to slow the pace or even reverse the hard-won achievements of the 2030 Agenda for Sustainable Development.”
7. Med shot, reporters
8. SOUNDBITE (English) Liu Zhenmin, Under-Secretary General, Economic and Social Affairs, United Nations:
“We must avoid long-lasting scars. The international community must step up (inaudible) and reinvigorate multilateralism in all aspects. In doing so, we must ensure universal access to vaccines, adjust debt challenges, ease trade tensions, and reduce carbon emissions. We are at a critical juncture in human history today. The decisions we make, and actions we take today will profoundly affect future generations and shape our common destiny.”
9. Wide shot, press room, Zhenmin on screen
STORYLINE
Launching the World Economic and Social Prospects 20122 (WESP 2022) the Under-Secretary-General for Economic and Social Affairs, Liu Zhenmin, today (13 Jan) said full global recovery from the effects of the COVID-19 pandemic “is still a long way off.”

Briefing reports in New York via teleconference, Zhenmin said, global economic recovery “remains uneven and fragile.”

He said, employment deficits are “disproportionally affecting women and the youth” and a variety of factors “threaten to slow the pace or even reverse the hard-won achievements of the 2030 Agenda for Sustainable Development.”

Zhenmin said, “we must avoid long-lasting scars” and highlighted the need to “ensure universal access to vaccines, adjust debt challenges, ease trade tensions, and reduce carbon emissions.”

He said, “we are at a critical juncture in human history today. The decisions we make, and actions we take today will profoundly affect future generations and shape our common destiny.”

According to WESP 2022, global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising inflationary pressures.

After expanding by 5.5 percent in 2021, the global output is projected to grow by only 4.0 per cent in 2022 and 3.5 per cent in 2023, according to the United Nations World Economic Situation and Prospects (WESP) 2022, which was launched today.

The robust recovery in 2021 – driven by strong consumer spending and some uptake in investment, with trade in goods surpassing pre-pandemic levels — marked the highest growth rate in more than four decades, the Report highlighted. Yet the momentum for growth – especially in China, the United States, and the European Union – slowed considerably by the end of 2021, as the effects of monetary and fiscal stimuli began to recede and major supply-chain disruptions emerged. Rising inflationary pressures in many economies are posing additional risks to recovery.
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