Grim outlook for global economy in 2011: UN report
UNITED NATIONS, Dec. 1 (Xinhua) -- The recovery from the global economic crisis has been faced with setbacks since the middle of 2010 and the outlook for growth in 2011 remains grim, stated a new UN report pre-released here Wednesday.
The annual UN report titled the "World Economic Situation and Prospects 2011 (WESP)" pointed to high unemployment rates, fiscal tightening and the risk of global currency wars as the primary threats to global economic recovery. The full report will be released in 2011.
According to UN expectations, the world economy will expand by 3.1 percent in 2011 and 3.5 percent in 2012 -- well below the figures needed to recover the jobs lost during the economic crisis.
read more >>>.