Welcome to the United Nations
March 2010
Summary:
- The strength of the global recovery, witnessed in the second half of 2009, has been moderating and the recovery has become more uneven
- Global financial markets experienced a notable turbulence in the first two months of 2010, in part as a result of increasing sovereign debt risks in Europe and elsewhere
- Inflation, which edged up in developed countries in late 2009, is down again facilitating continuation of low interest-rate policies
The world economy continues its recovery from the recession, but recent indicators signal the pace of output recovery is slowing and?becoming more uneven across countries.?The economic situation in the euro area has stopped improving, in sharp contrast to the stronger-than-expected recovery in the?United States and Japan. In developing Asia, the output growth continues to be robust, while it is much more subdued in many?economies of Africa and Latin America and still very fragile in most economies in transition. The world economy as a whole witnessed?a strong rebound during the second half of 2009, but is now moderating, as the strengths of the early driving forces of inventory?restocking and policy stimuli are tapering off.
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Global financial markets experienced a notable turbulence in January-February, partly in response to the perceived increases in?sovereign debt risks associated with widening government deficits and mounting debts in developed?economies, particularly in a
few European economies.
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Download the World Economic Situation and Prospects Monthly Briefing No. 17