December 2010
Summary:
European sovereign debt crisis is spreading to larger economies?
Increased volatility in equity and foreign exchange markets
Uneven economic recovery during the third quarter
The euro area?s sovereign debt crisis continues, despite the agreement reached on November 28th which put together a bailout package worth ?85 billion euro ($111 billion) for Ireland. European Union officials also agreed on a mechanism to smooth bond restructurings after 2013, but investors are speculating that European nations will not be able to cut deficits fast enough before that target date, especially as economic growth prospects remain gloomy.
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Monthly Briefing on the World Economic Situation and Prospects, No. 26
November 2010
Summary:
Surges in private capital flows pose challenges to emerging economies and enhance tensions over currencies
European countries go deeper into fiscal austerity
Industrial production growth is slowing worldwide
Heavy floods in Central and West Africa threaten food security
Capital inflows have been returning to emerging economies since the second?half of 2009, after a sharp decline during the height of the global financial?crisis. Portfolio investment inflows have been particularly strong. Portfolio?inflows to emerging economies are estimated to be about $150 billion in?2009 and $190 billion in 2010, well above peak levels registered before the?crisis in 2007. The…
Monthly Briefing on the World Economic Situation and Prospects, No. 25
October 2010
Summary:
Trade tensions and risks of competitive devaluations heighten amidst global economic slowdown and increased turmoil in currency markets
Sovereign debt stress returns in some European countries?
United Nations summit on MDGs secures more than $40 billion for women?s and children?s health
A decelerating global recovery and increased exchange-rate instability among?major reserve currencies have given rise to new trade tensions and could well?trigger a downward spiral of competitive devaluations. The dollar has been?sliding amidst this volatility. Representatives in the United States?Congress have recently approved legislation to impose trade sanctions on countries?China…
Monthly Briefing on the World Economic Situation and Prospects, No. 24
The Global Partnership for Development at a Critical Juncture
In September 2010, world leaders will take stock of MDG achievements to date at the High-level Plenary Meeting of the United Nations General Assembly. Much progress has been made since 2000, but there is still a great deal more to be achieved in order to fulfill the promise of the MDGs. In this sense, the global partnership for development stands at a critical juncture, with only five years left until the 2015 deadline to deliver on the commitments made and to achieve the MDGs. Remaining gaps are still very large and there have been setbacks because of the global food, energy and financial crises. The deadline for commitments in…
The MDG Gap Task Force Report 2010
September 2010
Summary:
Global economic recovery is losing steam?
Flooding inflicts immense damage on Pakistan?s economy?
Wheat prices soar following drought in Russia, but no food shortage expected
There are increasing signs of a widespread deceleration in the global recovery. These are particularly alarming in the United States and Japan. The?pace of economic activity in China has also been cooling notably, although?it has been partly engineered by policy measures. Although Germany and?a few other European economies have registered a better-than-anticipated?growth rate in the past quarter, and the recovering momentum seems to?have been maintained so far in other emerging economies such…
Monthly Briefing on the World Economic Situation and Prospects, No. 23
August 2010
Summary:
World trade is nearing full recovery thanks to strong developing country growth
Yet, global economic recovery is losing speed as risk for deflation in developed economies has increased
Despite debt relief, humanitarian situation in Haiti remains alarming
The world economy has been in recovery for about a year. World trade is now?almost back to its 2008 pre-crisis level. But it has been the emerging market?economies and other developing economies that have set the pace of the recovery.?Trade flows to and from these countries already surpassed 2008 pre-crisis levels?in February and have increased further since, albeit at a slowing pace. Trade by?developed economies, in…
Monthly Briefing on the World Economic Situation and Prospects, No. 22
An overview of the major international economic and policy?challenges for equitable and inclusive sustained economic?growth and sustainable development, and of the role of the?United Nations in addressing these issues in the light of the?New International Economic Order (A/65/272)
عربي, 中文, English,?Français, Русский, Español
2010 Report of the Secretary-General to the General Assembly
Fiscal stimulus is still needed for global recovery
by?Oliver Paddison and Rob Vos
Download the UN/DESA Policy Brief No. 31
UN/DESA Policy Brief, No. 31
July 2010
Summary:
Global growth may decelerate in the second half of 2010, as the effects of both the upward inventory adjustment and fiscal stimuli fade
G20 leaders agreed to ensure a full return to growth with quality jobs, to reform and strengthen financial systems, and to create strong, sustainable and balanced global growth
China resumed more flexible exchange rate mechanism, while other East Asian Governments introduced measures to manage short-term capital inflows
World financial markets experienced another month of turbulence in June. Concerns about the sustainability of sovereign debt?in some European economies continued to linger, and there were increasing uncertainties about…
Monthly Briefing on the World Economic Situation and Prospects, No. 21