After a generally positive year for many of the world’s economies in 2000, there was an unexpectedly severe and widespread deterioration in 2001, with prospects of only a limited recovery in 2002. The slowdown began in the developed economies, particularly in North America, but quickly spread around the world through trade, finance and investment links. Most developing countries were affected, some severely, but the transition economies less so. In 2002, most economies are expected to share in the modest improvement in growth, with some of the developing countries rebounding the most.

Sustainable Development Goals:
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