Global Economic Monitoring Unit (GEM)

The World Economic Situation and Prospects 2009 discusses the root causes of the financial and economic crisis that is rapidly deepening and spreading around the world and labels this as "a story foretold" since previous issues of the World Economic Si ...

January 2009 Summary: There are increasing signs that the world economy is entering a recession. Slowing global demand underpinned a further decline in oil prices. Weakening economic conditions led to further accommodative policy actions. Deteriorating ...

December 2008 Summary:  The world is now mired in the most severe financial crisis since the Great Depression. According to the United Nations baseline forecast, world gross product (WGP) is expected to grow by only 1.0 per cent in 2009, a sharp decele ...

November 2008 Summary: In response to the intensified global financial crisis, a large number of countries adopted extensive emergency plans in October 2008, following a more comprehensive and internationally concerted approach. However, great uncertai ...

October 2008 Summary:  The world economy is facing the most severe financial crisis since the Great Depression of the last century. The risk for a global recession has heightened significantly and volatility of commodity prices has increased further. I ...

The World Economic Situation and Prospects 2008 highlights the risk of a recession in the United States and a hard landing of the global economy as a whole. The combination of a deep housing slump in the United States, continuous devaluation of the Uni ...

The World Economic Situation and Prospects 2007 singles out the possibility of a more severe downturn in the United States' housing markets as the key risk for the global economy. A number of economies have witnessed substantial appreciation of house p ...

The world economy is expected to continue to grow at a rate of 3 per cent during 2006. The United States economy remains the main engine of global economic growth, but the growth of China, India and a few other large developing economies is becoming in ...

The continued recovery of the world economy resulted in unusually widespread growth in 2004, but a modest slowdown in all regions is expected in 2005, according to projections contained in the World Economic Situation and Prospects 2005. Developing cou ...