1945

The world economic recovery and the way forward

According to our recently published World Economic Situation and Prospects, as of mid-2010, the world economy contracted by 2.0 per cent in 2009. It is expected to grow by 3.0 per cent in 2010 and 3.1 per cent in 2011. While this is encouraging, this pace of the recovery is far from sufficient. It cannot make strong dents in the employment sector. With so many people still without jobs, we cannot expect a quick recovery in private consumption and investment demand.

Related Subject(s): Women and Gender Issues
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