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This publication is the definitive report of the United Nations on the state of the world economy. It is jointly produced by the Department of Economic and Social Affairs, the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. Global economic growth is forecast to increase marginally over the next two years at 3.1% in 2015 and 3.3% in 2016, compared with an estimated growth of 2.6 per cent for 2014. An expected US interest rate increase, remaining euro area fragility, a further slowdown in developing economies and several geopolitical conflicts pose major concerns for the global economic outlook today.