January 2013
Summary:
World economic prospects for 2013 only slightly improving
Uncertainties and risks looming
More proactive and concerted policy actions needed
Five years after the eruption of the global financial crisis, the world?economy is still struggling to recover. According to the United Nations?World Economic Situation and Prospects 2013, growth of world?gross product is forecast to reach 2.4 per cent in 2013 in the baseline?estimates, only a slight improvement from the estimated growth of?2.2 per cent for 2012. Weaknesses in the major developed economies are at the root of the continued global economic?woes. Most of them have been dragged into a downward spiral?by the…
Monthly Briefing on the World Economic Situation and Prospects, No. 50