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          World Economic Situation and Prospects 2012 (English)
          Report by DESA, UNCTAD, ECA, ECE, ECLAC, ESCAP, ESCWA, 2011, 204 pages
          Categories: Macroeconomic Policy

          World Economic Situation and Prospects (WESP) provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues. One of its purposes is to serve as a point of reference for discussions on economic, social and related issues taking place in various United Nations entities during the year. The report 2012 is following two years of anaemic and uneven recovery from the global financial crisis, the world economy is teetering on the brink of another major downturn. Output growth has already slowed considerably during 2011, especially in the developed countries. The baseline forecast foresees continued anaemic growth during 2012 and 2013. Such growth is far from sufficient to deal with the continued jobs crises in most developed economies and will drag down income growth in developing countries.

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