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5 things you should know about the state of the global economy IMF/Ernesto Benavides Goods are transported by hands in Lima, Peru. 10 May 2021 Economic Development Is this the year we overcome the global economic crisis caused by the pandemic? Are our jobs in danger? Who has lost the most in the crisis and what can be done to recover? As the UN Department of Social and Economic Affairs (DESA) prepares to launch the mid-year update of the 2021 World Economic Situation and Prospects (WESP) report, here are five things you need to know about the state of the global economy. Dock workers unload fresh fish from a boat in Casablanca, Morocco.IMF/ Jake Lyell Dock workers unload fresh fish from a boat in Casablanca, Morocco. 1) US and China bounce back, but a slow recovery for developing countries While economic output in the United States and China is expected to grow robustly and lift global growth, many developing economies are not expected to return to pre-pandemic output levels any

Security Council upholds role of multilateralism in a complex world UN peacekeepers patrol the Mopti region of eastern Mali. MINUSMA/Harandane Dicko UN peacekeepers patrol the Mopti region of eastern Mali. 7 May 2021 UN Affairs The President of the UN General Assembly on Friday urged countries to “do better” in making COVID-19 vaccines available to everyone, everywhere, warning that “good intentions are no match for vaccines in arms.” Briefing a high-level Security Council debate on upholding multilateralism, Volkan Bozkir equated fair distribution of vaccines with civilian protection. He commended recent developments on vaccine patent waivers which will help save lives, and lamented that low-income countries have so far received just 0.3 per cent of all doses. “We can do better. We must do better”, Mr Bozkir told the online meeting. “The COVID-19 pandemic is not a zero-sum game. Good intentions are no match for vaccines in arms.” Division and failure As the General As

8 May 2021 Peace and Security The Second World War had a profound impact on the international community, and established the conditions for the creation of the United Nations. This weekend marks the official remembrance of the tens of millions of civilians and soldiers who died during the conflict. In total, about 40 million civilians, and some 20 million soldiers, lost their lives in the war between 1939 and 1945. On 8 and 9 May, the UN invites its 193 member countries, non-governmental organizations, and individuals, to pay tribute to the victims of the conflict. The date of 8 May was chosen because it is the day the Nazi forces in Germany surrendered in 1945 but, recognizing that UN member states may have their own memorable days associated with the victory over fascism, the General Assembly invited all countries, UN organizations, non-governmental organizations and individuals to celebrate either 8 May, 9 May, or both of these days annually as a tribute to all victims of the Sec