Global Macroeconomic Prospects

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 ...

Diverging Growth and Development By many measures, world inequality is high and rising. The main reason is that in the industrialized world the income level over the last five decades has grown steadily, while it has failed to do so in many developing ...

Financing for Development The World Economic and Social Survey 2005 focuses on the Monterrey Consensus as the current framework for international cooperation for development. The report examines the correspondingly broad agenda for action that was set ...