December 2008
Summary:?
The world is now mired in the most severe financial crisis since the Great Depression. According to the United Nations baseline forecast, world gross product (WGP) is expected to grow by only 1.0 per cent in 2009, a sharp deceleration from the 2.5 per cent growth estimated for 2008 and well below the more robust growth in previous years. Given world population growth of 1.2 per cent, this means income per capita for the world as a whole is expected to decline in 2009.
Note:
This edition of the Monthly Briefing presents the highlights of the global economic outlook as in chapter one of the? World Economic Situation and Prospects 2009, which was launched on 1…
Monthly Briefing on the World Economic Situation and Prospects, No. 3
November 2008
Summary:
In response to the intensified global financial crisis, a large number of countries adopted extensive emergency plans in October 2008, following a more comprehensive and internationally concerted approach. However, great uncertainties remain in global financial markets. The impact of financial strains on economic activity is deepening and the crisis is spreading rapidly towards a growing number of developing countries and the economies in transition.?
Download the World Economic Situation and Prospects Monthly Briefing No. 2
Monthly Briefing on the World Economic Situation and Prospects, No. 2
October 2008
Summary:?
The world economy is facing the most severe financial crisis since the Great Depression of the last century. The risk for a global recession has heightened significantly and volatility of commodity prices has increased further. If the situation continues to deteriorate, the progress towards the achievement of the MDGs could be in great jeopardy.
Download the World Economic Situation and Prospects Monthly Briefing No. 1
Monthly Briefing on the World Economic Situation and Prospects, No. 1