UNDESA Current Affairs - 2019
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According to a United Nations’ report titled World Economic Situation and Prospects (WESP) Report 2019 Mid-year Update, India’s economy is projected to grow at 7.1 % in fiscal year 2020 which will be backed by strong domestic consumption and investment.
Key Findings of Report
- Global Growth: For both developed and developing countries, 2019 growth projections have been downgraded. The growth outlook for many developing economies was also weakened. After an expansion of 3% in 2018, world gross product growth is now projected to settle to 2.7 % in 2019 and 2.9 % in 2020.
- India’s Growth: Despite a downward revision growth in Indian economy remains strong amid robust domestic demand. India is projected to grow at 7% in fiscal year 2019 and 7.1% in fiscal year 2020.
- Risk Projections: As per WESP report, certain risks that could trigger a prolonged slowdown in the world economy’s growth include an escalation in trade disputes, a sudden deterioration in financial conditions, and accelerating effects of climate change.
- The increasing frequency and intensity of natural disasters globally highlight the rising threats faced from climate change, particularly by most vulnerable economies.
- Recommendations: To tackle current growth slowdown it would require a combination of monetary, fiscal and development-oriented measures. Also, there is an immediate need of more coordinated multilateral approach to global climate policy, which includes use of carbon pricing mechanisms.
About WESP Report
It is a joint product of United Nations Department of Economic and Social Affairs (UNDESA), the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions.
Tags: Fiscal Year • Indian Economy • UN Report • UNCTAD • UNDESA • United Nations Conference on Trade and Development • United Nations Department of Economic and Social Affairs • WESP Report • World Economic Situation and Prospects (WESP) Report 2019 Mid-year Update
The International Day of Families is observed on 15 May every year. Its annual observance reflects the importance international community acknowledges and attaches to families and roles played by them in development.
- About: The United Nations (UN) recognizes family as basic unit of society. Therefore, in 1992 the UN General Assembly (UNGA) with resolution A/RES/47/237 proclaimed 15 May as The International Day of Families. In many countries, this IDF serves as an opportunity to highlight various areas of interest and importance to families.
- Objective: It seeks to promote awareness of issues relating to families and also aims to increase knowledge of demographic, economic and social processes affecting them.
- Organized By: IFD observance is organized by ‘Division for Inclusive Social Development’ (DISD), which is part of UN’s Department of Economic and Social Affairs (UN DESA) and Global Communications Civil Society.
About International Day of Families 2019
- The Theme for IFD 2019: is “Families and Climate Action: Focus on (Sustainable Development Goals) SDG 13”. The theme commemorates the day to focus on various roles of families for achievement of Sustainable Development Goals from SDG1 to SDG5 and SDG 16.
- Significance: The 2019 observance of IDF primarily focuses on families, family policies and major SDG 13 targets –
- SDG-13 target 13.3: which states to raise awareness, improve education and human and institutional capacity on climate change early warning, adaptation, impact reduction and mitigation.
- SDG-13 target 13.2: it states to integrate climate change measures by nations into their national planning, policies and strategies.
- Importance: The Families and family-oriented policies and programmes are important for achievement of many of the SDGs, which were adopted by 193 member states of the United Nations (UN) in 2015.
Tags: DISD • Division for Inclusive Social Development • Global Communications Civil Society • International Day of Families • SDGs • Sustainable Development Goals • UN • UN General Assembly • UN resolution A/RES/47/237 • UNDESA • UNGA