Development policy and international economic cooperation

Global economic growth continued into 2005, but at a slower pace than the 4 per cent recorded in 2004, and was expected to fall to around 3 per cent. Much of that deceleration was attributable to the slowdown in developed economies, although some developing countries were also showing signs of losing momentum. The moderate slowdown in the global economy was an indication that the world’s main engine of growth, the United States economy, might not be able to drive global growth without support from other parts of the world, at a time when the euro was stagnating and Japan’s growth showed a moderate deceleration.

Sustainable Development Goals:

Peace, Justice and Strong Institutions