WGP

November 2009 Summary: According to preliminary UN estimates, the world economy will shrink by 2.2 per cent in 2009. There are clear indications that recovery is on its way and global output may increase by 2.4 per cent in 2010, according to the prelim ...

May 2009 Summary:  World economy will contract by 2.6 per cent in 2009; recovery in 2010 is possible, but risks of prolonged recession are high. Developing countries are disproportionately hit by the crisis. Fiscal responses, while significant, are asy ...

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 ...