World Gross Product

According to the World Economic Situation and Prospects (WESP) 2017, the world economy remains trapped in a prolonged period of slow growth Weak investment is a major cause of the slowdown in global growth East Asia and South Asia remain the world’s most dynamic regions

July 2014 Summary: World trade continues sluggish recovery ƒOil prices soar amid political instability in Iraq Disappointing first quarter for developed economies Despite expectations for a return to previous growth rates this year, world trade has gro ...

January 2014 Summary: World economy is expected to improve in 2014 Unemployment rates remain a major challenge Downside risks to the baseline scenario persist Global economic growth is projected to increase over the next two years, building on the rece ...

June 2013 Summary: Financial markets upbeat; real economies sluggish Subdued global growth in 2013 and moderate pick-up expected for 2014 Unemployment remains a key policy challenge Short-term risks have diminished but not disappeared; new medium-term  ...

January 2013 Summary: World economic prospects for 2013 only slightly improving Uncertainties and risks looming More proactive and concerted policy actions needed Five years after the eruption of the global financial crisis, the world economy is still ...

June 2012 Summary: Growth projections for the global economy revised downward The jobs crisis continues Euro area debt crisis and rising energy prices are key risks Despite some scattered signs of improvement in recent months, the world economic situat ...

January 2012 Summary: Faltering global economic growth in 2011 High unemployment is the Achilles Heel of the recovery Renewed volatility and heightened risk in financial markets in 2011 The pace of global economic growth slowed markedly in 2011. While ...

December 2011 Summary: Grim prospects for world economy Premature fiscal austerity in developed countries is hampering recovery Developing countries remain vulnerable to downturns in the developed economies The world economy is teetering on the brink o ...

June 2011 Summary: The United Nations forecast for growth of the global economy was increased slightly to 3.3 per cent in 2011 and 3.6 per cent in 2012 However, the pace of the global recovery remains uneven across countries; output growth is strong am ...