Global outlook

The world economy in 2002 was characterized by several common features shared by a majority of countries to varying degrees: sluggish growth of output, benign inflation (and deflation in some cases), stagnant employment, low interest rates, worsening fiscal balances, low and uneven growth in international trade, reduced international capital flows, lower prices for many non-fuel commodities, and depreciated equity prices.

Sustainable Development Goals:

Decent Work and Economic Growth