World Economic Situation and Prospects

World Economic Situation and Prospects 2013

ISBN 978-92-1-109166-3
eISBN 978-92-1-055911-9
Sales No. E.13.II.C.2

Live updates of the December 18 launch of the Global Economic Outlook, Chapter 1 of the World Economic Situation and Prospects 2013 are on Facebook.

World Economic Situation and Prospects 2013

• presents a post-crisis world economy still struggling with continued weakening growth of 2.2 per cent in 2012;
• projects disappointing global growth of 2.4 per cent in 2013 and 3.2 per cent in 2014 in the face of major uncertainties and downside risks;
• foresees a much slower pace of poverty reduction in many developing countries and narrowing fiscal space for investments in the many critical areas needed for achieving the Millennium Development Goals;
• calls for more forceful and concerted policy action at the global level, identifying fiscal and employment policies, financial market stability, development assistance and green growth as key challenges.