World Economic Situation and Prospects 2012

World Economic Situation and Prospects 2012
Date:
Unit: Global Economic Monitoring Branch (GEMB)Theme: Global Macroeconomic ProspectsSustainable Development Goals: SDG #8: Decent work and economic growth

The World Economic Situation and Prospects 2012 cautions that the world economy is on the brink of another major downturn. Global economic growth started to decelerate on a broad front in mid-2011 and is estimated to have averaged 2.8 per cent over the last year. This economic slowdown is expected to continue into 2012 and 2013. The United Nations baseline forecast for the growth of world gross product (WGP) is 2.6 per cent for 2012 and 3.2 per cent for 2013, which is below the pre-crisis pace of global growth.

Sales No. E.12.II.C.2
ISBN: 978-92-1-109164-9

Executive Summary:
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