Publications | Economic Analysis and Policy Division

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05 February 2009

Monthly Briefing on the World Economic Situation and Prospects, No. 7

April 2009 Summary: Unemployment, trade and capacity utilization face sharpest deterioration since World War II Widening gaps in external financing for developing countries call for large international transfers G20 reaches agreement on provision of $1.1 trillion in additional funding for emerging and?developing countries, on substantial reform of financial regulation and on full commitment to?ODA pledges Countries continue to scale up policy measures to stabilize the financial sector and stimulate the real economy According to the World Trade Organization, the volume of world goods trade faces its largest decline since World War II, plunging by 9 per?cent in 2009. In addition to factors… Monthly Briefing on the World Economic Situation and Prospects, No. 7

03 February 2009

Monthly Briefing on the World Economic Situation and Prospects, No. 5

February 2009 Summary:? The impact of the financial crisis on economic activity has intensified worldwide. Industrial production and international trade flows have declined sharply, and unemployment is rapidly rising globally. Countries need to move more swiftly to forceful and globally coordinated policy actions to prevent the financial crisis from turning into a large-scale economic and social crisis. The world economy has begun 2009 on a grim note. The major developed economies had already fallen into a deep recession, while developing countries are now also experiencing a dramatic downturn. After tens of trillions of dollars of?financial wealth have evaporated, the global financial… Monthly Briefing on the World Economic Situation and Prospects, No. 5

20 June 2008

Project LINK Meeting Document 2008

New York, 23-24 October Report of the Project LINK meeting Project LINK Meeting Agenda Global Economic Outlook Global Economic Outlook, May Project LINK Meeting Document 2008

14 January 2008

World Economic Situation and Prospects 2008

The World Economic Situation and Prospects 2008 highlights the risk of a recession in the United States and a hard landing of the global economy as a whole. The combination of a deep housing slump in the United States, continuous devaluation of the United States dollar and related increased financial turmoil could trigger an abrupt adjustment of the global imbalances, which would not only send the economy of the United States into a recession, but would also lead to a hard landing for the global economy as a whole. Lessons need to be learned from the recent financial turmoil to reduce vulnerabilities to future financial stress. Responses by the central banks of the major economies have… World Economic Situation and Prospects 2008

13 January 2008

Monthly Briefing on the World Economic Situation and Prospects, No. 3

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

12 January 2008

Monthly Briefing on the World Economic Situation and Prospects, No. 2

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

11 January 2008

Monthly Briefing on the World Economic Situation and Prospects, No. 1

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

01 August 2007

World Economic Situation and Prospects 2007

The World Economic Situation and Prospects 2007 singles out the possibility of a more severe downturn in the United States' housing markets as the key risk for the global economy. A number of economies have witnessed substantial appreciation of house prices over the past decade, and the associated wealth effects have contributed to relatively strong economic growth rates. A reversal of the process may thus lead to significant negative fallout for world economic growth. The risks associated with the housing sector are serious also because of the inextricable linkage between the increase in house prices and global imbalances. The housing booms in countries running large external deficits are… World Economic Situation and Prospects 2007

20 June 2007

Project LINK Meeting Document 2007

2007 Addis Ababa, 12-14 November Report on the Project LINK meeting Global Economic Outlook Beijing, 14-17 May Report on the Project LINK meeting Project LINK Meeting Provisional Agenda Global Economic Outlook Project LINK Meeting Document 2007

20 June 2006

Project LINK Meeting Document 2006

Geneva, 30 October-1 November Agenda and meeting documentation Global Economic Outlook Report on the Project LINK meeting Global Economic Outlook, June Project LINK Meeting Document 2006