The current situation in the world’s economies

The overwhelming majority of countries grew less rapidly in 2001 than in the previous year. The notable exceptions were China and India, both of which are expected to sustain their high rates of growth in 2002 and 2003. For the rest of the world, these two years will be a period of consolidation and recovery from the setbacks that started in 2001. Most economies are unlikely to regain their momentum of 2000 until the end of 2003 and several are likely to encounter further setbacks in the meantime.

Related Subject(s): Economic and Social Development
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