Publications | Economic Analysis and Policy Division

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20 June 2010

Project LINK Meeting Document 2010

2010 New York, 20-22 October Report on the Project LINK Meeting Global Economic Outlook, October Global Economic Outlook, June Project LINK Meeting Document 2010

18 June 2010

Monthly Briefing on the World Economic Situation and Prospects, No. 20

June 2010 Summary: The world economy is rebounding but the recovery remains uneven, weak and fragile? At the present speed of the recovery, unemployment rates will take five years to drop to pre-crisis levels The recovery is still mainly driven by government stimulus measures; concerns about widening ?fiscal deficits are pressuring for withdrawal of stimulus, risking taking steam out of the recovery As stressed in the recent?World Economic Situation and Prospects as of mid-2010, the world economy continues to rebound from its deepest?crisis since World War II. After contracting by 2.0 per cent in 2009, the?world economy is forecast to grow at 3.0 per cent in 2010 and 3.2 per cent?in 2011… Monthly Briefing on the World Economic Situation and Prospects, No. 20

01 June 2010

Global Modeling Tools

The World Economy Forecasting Model (WEFM) WEFM is used for globally consistent short-term projections at country level. The Global Policy Model
The Global Policy Model (GPM) is a tool for investigation of policy scenarios for the world economy that has been developed for the Development Analysis and Policy Division of the United Nations Department of Economic and Social Affairs (DESA/DPAD). The model allows users to specify alternative assumptions about the future economic context and policy responses in different groups of countries and trace macro-economic outcomes over short, medium and long-term timescales. It is a model of the world economy design to simulate the macroeocnomic…

14 May 2010

Monthly Briefing on the World Economic Situation and Prospects, No. 19

May 2010 Summary: Economic recovery continues albeit unevenly. While growth is rapid in many emerging economies, it remains fragile in most advanced economies Euro zone countries and the IMF agreed on a three-year programme worth $146 billion to support?Greece amidst drastic fiscal austerity measures and risks of contagion to other European economies An additional stabilization scheme worth $930 billion was subsequently made available for the euro zone The Greek crisis has morphed from a fiscal crisis in a single?country to a regional crisis for the euro zone and has sent?shock waves through stock markets worldwide. Contagion in?debt markets led sovereign bond spreads to widen… Monthly Briefing on the World Economic Situation and Prospects, No. 19

10 April 2010

Monthly Briefing on the World Economic Situation and Prospects, No. 18

April 2010 Summary: Net export growth and government spending are driving the recovery in the major economies,?while China?s economy is acting as the engine of the global upturn in 2010 Most of the unconventional monetary stimulus measures undertaken in 2009 are being phased?out in line with improved conditions in credit markets Donors pledged $9.9 billion at the UN international aid conference on Haiti to support?post-disaster reconstruction? Net export growth, along with government spending?have led the economic recovery in developed countries?since the second half of 2009, according to the most recent economic indicators. The United States, the EU and?Japan all reported positive net… Monthly Briefing on the World Economic Situation and Prospects, No. 18

05 March 2010

Monthly Briefing on the World Economic Situation and Prospects, No. 17

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… Monthly Briefing on the World Economic Situation and Prospects, No. 17

18 February 2010

Monthly Briefing on the World Economic Situation and Prospects, No. 16

January/February 2010 Summary: The global economy started 2010 on a positive note, with continuing recovery in?industrial production and international trade, led by Asian developing countries; however, economic policymakers may face even tougher challenges in 2010? The significant increase in government indebtedness in Greece and other EU?countries may threaten global financial stability Rain shortfalls in large parts of Africa will form a major threat to food security during?2010 The devastating earthquake in Haiti presents serious economic challenges, including?those of a long-term nature; addressing them will require a sustained international?effort and debt forgiveness The world… Monthly Briefing on the World Economic Situation and Prospects, No. 16

14 January 2010

World Economic Situation and Prospects 2010

The World Economic Situation and Prospects 2010 cautions that although the world economy is on the mend, the recovery is uneven and conditions for sustained growth remain fragile. The risk of a double-dip recession remains. The report also highlights a number of risks and uncertainties to the outlook, including a premature exit from the stimulus measures and a hard landing of the dollar due to the renewed widening of the global imbalances. In terms of policy measures, the report recommends continued fiscal stimulus measures in the short run, a continued focus on the rebalancing of economic growth in a number of respects, better policy coordination, strengthened global governance and more… World Economic Situation and Prospects 2010

11 December 2009

Monthly Briefing on the World Economic Situation and Prospects, No. 15

December 2009 Summary: Global recovery continues, with an increasing number of countries reporting rises in output;?The recovery, however, is uneven across regions and economic and financial fragilities remain Global trade is gaining momentum and prospects for commodity exporters have improved Continued and better coordinated policy support is still needed to avoid a double-dip recession The world economy is on the mend, with quarterly GDP growth rates in an increasing number of countries moving into positive?territory again and international trade and industrial production indices showing continued upward trends. While the latest debt?debacle in Dubai seems to have been contained, it… Monthly Briefing on the World Economic Situation and Prospects, No. 15

01 December 2009

World Economic Situation and Prospects 2009

The World Economic Situation and Prospects 2009 discusses the root causes of the financial and economic crisis that is rapidly deepening and spreading around the world and labels this as "a story foretold" since previous issues of the World Economic Situation and Prospects warned for the mounting risks of a global crisis well ahead of its occurrence. The report discusses how developing countries are being affected through trade and financial channels. By end-2008, the crisis intensified. To put an end to the ensuing fire sale in asset markets, free fall in global trade and fallout in global aggregate demand, the report calls for massive, globally-coordinated monetary and fiscal stimuli and… World Economic Situation and Prospects 2009