World Economic Situation and Prospects 2011

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The department of Economic and Social Affairs (DESA), The United Nations Conference on Trade and Development (UNCTAD) and the five United Nations regional commissions have just launched the report, “World Economic Situation and Prospects 2011”. The study highlights the continued challenge posed by high unemployment rates in many economies and outlines a number of risks and uncertainties for the economic outlook such as premature withdrawal of policy stimulus, increased exchange rate volatility and a renewed widening of global imbalances.

The UNITED Nations baseline forecast for the growth of world gross product (WGP) is 3.1 per cent for 2011 and 3.5 per cent for 2012, which is below the 3.6 per cent estimated for 2010 and the pre-crisis pace of global growth.

The full text is available online.