Global outlook

A pervasive slowdown in the world economy, aggravated by the terrorist attacks in the United States of America, has led to the lowest growth of gross world product (GWP) in a decade. GWP grew little more than 1 per cent in 2001 and the volume of world trade stagnated (see table I.1). The weakness became more widespread as the year progressed, with three quarters of the world’s economies registering lower economic growth than in the previous year. Meanwhile, more than a dozen economies, accounting for more than two-thirds of world output and including the world’s three largest economies, were falling into recession.

Sustainable Development Goals:

Decent Work and Economic Growth