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From United Nations
World Economic Situation and Prospects 2010
Development Policy and Analysis Division
World Economic Situation and Prospects, 2005–2009: on the Global Financial and Economic Crisis


The report is a joint product of the United Nations Department of Economic and Social Affairs (DESA), the United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions (Economic Commission for Africa (ECA), Economic Commission for Europe (ECE), Economic Commission for Latin America and the Caribbean (ECLAC), Economic and Social Commission for Asia and the Pacific (ESCAP) and Economic and Social Commission for Western Asia (ESCWA).

Executive Summary: Arabic, Chinese, English, French, Russian, Spanish

The global economy is on the mend …
The world economy is on the mend. After a sharp, broad and synchronized global downturn in late 2008 and early 2009, an increasing number of countries have registered positive quarterly growth of gross domestic product (GDP), along with a notable recovery in international trade and global industrial production. World equity markets have also rebounded and risk premiums on borrowing have fallen.
… but recovery is fragile
The recovery is uneven and conditions for sustained growth remain fragile. Credit conditions are still tight in major developed economies, where many major financial institutions need to continue the process of deleveraging and cleansing their balance-sheets.
The rebound in domestic demand remains tentative at best in many economies and is far from self-sustaining. Much of the rebound in the real economy is due to the strong fiscal stimulus provided by Governments in a large number of developed and developing countries and to the restocking of inventories by industries worldwide. Consumption and investment demand remain weak, however, as unemployment and underemployment rates continue to rise and output gaps remain wide in most countries.
In the outlook, global economic recovery is expected to remain sluggish, employment prospects will remain bleak and inflation will stay low.

Full report (202 pgs, 1.59kb)

 

Table of Contents

Chapter I (46 pages, 431kb)
Global outlook
Macroeconomic prospects for the world economy

Chapter II (25 pgs, 276kb)
International trade
Merchandise trade in times of crisis

Chapter III (32 pgs, 314kb)
Financial flows to developing countries
Net resource transfers from poor to rich countries

Chapter IV (38pgs, 436kb)
Regional developments and outlook

Statistical Annex (34 pgs, 294kb)

Annex tables

Presentation: WESP 2010 (Advance release)

Press releases:
English, French

World Economic Situation and Prospects 2010
Update as of mid-2010

The present document updates World Economic Situation and Prospects 2010 (United Nations publication, Sales No. E.10.II.C.2), released in January 2010. http://www.un.org/esa/policy/wess/wesp.html





 

 

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