The annual World Economic Situation and Prospects report, produced by the Department of Economic and Social Affairs (DESA), the United Nations Conference for Trade and Development (UNCTAD) and the five regional commissions, was launched Wednesday, 10 January 2007. According to this year's report, the world economy is expected to moderate in 2007 after three years of historically high growth. The cooling of the US housing boom, a major factor in the global slowdown, is expected to slow the growth of the US economy, and the economic recovery in Japan and Europe is not strong enough to replace the US as the engine for growth of the world economy.  However, the strength of US corporate finances leads the report to conclude that "the current situation need not degenerate into a recession".

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The State of the World’s Children 2007 examines the discrimination and disempowerment women face throughout their lives – and outlines what must be done to eliminate gender discrimination and empower women and girls. It looks at the status of women today, discusses how gender equality will move all the Millennium Development Goals forward, and shows how investment in women’s rights will ultimately produce a double dividend: advancing the rights of both women and children.

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