Welcome to the United NationsThe 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
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Department of Economic and Social Affairs
Economic Analysis
World Economic Situation and Prospects (WESP) Full Report
The world economy is expected to continue to grow at a rate of 3 per cent during 2006. The United States economy remains the main engine of global economic growth, but the growth of China, India and a few other large developing economies is becoming
The continued recovery of the world economy resulted in unusually widespread growth in 2004, but a modest slowdown in all regions is expected in 2005, according to projections contained in the World Economic Situation and Prospects 2005 . Dev
Many of the forces responsible for dramatic growth in the previous decade are now absent or not strong enough to produce such robust performance. While global trade is projected by the World Economic Situation and Prospects 2004 to grow by 7
Following some signs of stabilization at the end of 2002, global economic growth is expected to improve in 2003, but the strength, breadth and sustainability of the recovery remain subject to many uncertainties. Risks associated with heightened geopo
A pervasive slowdown in the world economy, aggravated by the terrorist attacks in the United States of America, has led to the lowest growth of gross world product in a decade. Gross world production grew little more than 1 per cent in 2001 and the v
Economic growth in 2000 was unexpectedly and unusually high and widespread. The increase in gross world product exceeded the earlier forecast of 3.5 per cent and was the strongest in more than a decade. This outcome was the result of improvements in
At the beginning of 2000, the world economy was in better shape than the previous year, when the aftermath of the financial crises in Asia and the Russian Federation and the uncertainties relating to Brazil clouded the outlook. It is estimated that g
The world economy is now growing at its slowest rate since early in the decade. The recession in Japan, the East Asian crisis and the Russian crisis ??along with contagion throughout the financial markets ??combined in 1998 to halve the growth rate o