1945

The world economy in 2002

In 2001, the world economy suffered its largest setback in a decade, with gross world product (GWP) increasing by only 1.3 per cent after growth of 4 per cent in 2000. Almost all countries grew less rapidly than in 2000 and the number of developing countries experiencing a decline in output per capita returned to the levels prevailing in the aftermath of the Asian crisis.

Related Subject(s): Economic and Social Development
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