World Economic Situation and Prospects 2011

Delivering sustainable economic growth
Posted Mar 08, 2011 | The United Nations

This UN publication predicts weaker global growth in 2011 and 2012 as the recovery has lost momentum since the middle of 2010. Weaknesses in major developed economies continue to slow the recovery of the global recovery and pose risks for world economic stability in the years ahead.

However, following estimated growth of 3.6 per cent in 2010, world gross product is forecast to expand by 3.1 per cent in 2011 and 3.5 per cent in 2012. The report indicates that, in the short run, more fiscal stimulus will be needed to reinvigorate the global recovery, and that it will need to be better coordinated with monetary policies and reoriented to provide stronger support to job generation.


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