United Nations Information Centre

 cordially invites you to the

Media Launch

of

UN WORLD ECONOMIC &

SOCIAL PROSPECTS 2015

at 10:30 a.m. on Tuesday, 20 January 2015

UN Conference Hall, 55 Lodi Estate, New Delhi

The Report will be presented to the press by

 Dr. Pami Dua

Director and Professor of Economics, Delhi School of Economics

and Dean Research (Humanities and Social Sciences), University of Delhi

 *

Dr. Nagesh Kumar

Head, ESCAP South and South-West Asia Office, will also participate in the discussions.

 According to the United Nations World Economic Situation and Prospects 2015 (WESP) report, South Asia’s economic growth is set to reach a four-year high in 2015, The average gross domestic product (GDP) growth of South Asia accelerated from 3.7 per cent in 2013 to 4.9 per cent in 2014, and is projected to strengthen further to 5.4 per cent in 2015 and 5.7 per cent in 2016.

The recovery is expected to be led by a pick-up in growth in India, which accounts for about 70 per cent of regional output. Other economies such as Bangladesh and the Islamic Republic of Iran are also projected to see stronger growth in the forecast period. Along with robust external demand, growth is expected to be underpinned by a moderate strengthening of domestic consumption and investment.