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Monthly Briefing on the World Economic Situation and Prospects, No. 55

Monthly Briefing on the World Economic Situation and Prospects, No. 55
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Monthly Briefing on the World Economic Situation and Prospects, No. 55
Unit: Global Economic Monitoring Branch (GEMB)Theme: Global Macroeconomic ProspectsSustainable Development Goals: SDG #8: Decent work and economic growth

June 2013

Summary:

  • Financial?markets?upbeat;?real?economies?sluggish
  • Subdued?global?growth?in?2013?and?moderate?pick-up?expected?for?2014
  • Unemployment?remains?a?key?policy?challenge
  • Short-term?risks?have?diminished?but?not?disappeared;?new?medium-term?risks?emerge
Despite improved global financial conditions and signs of reduced short-term?risks, the world?economy continues to expand at a subdued pace. After markedly slower growth over the past?two years, global economic activity is expected to?slowly gain momentum in the second?half of 2013, but growth?will still remain?below potential.?
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