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Slow Economic Recovery or Double-Dip Recession?

The global economic prospects in 2010

After a sharp and synchronized global downturn, United Nations economists expect the world economy to bounce back with a mild 2.4 per cent growth in 2010. The rebound is due to the massive and to some extent concerted policy actions taken by the major economies, which effectively arrested a further erosion of confidence worldwide. But a double-dip recession cannot be excluded. A WDEV summary

The cutbacks in industrial production that characterized early stages of the recession have now been reversed. But the recovery is fragile. Firms have mainly begun to restock inventories, rather than respond to stronger consumer or investment demand. In a pre-release of its annual report, the World Economic Situation and Prospects 2010 (WESP), the United Nations says an increasing number of economies showed positive growth in the second quarter of 2009 and the recovery momentum continued to build in the third quarter ...

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WDEV Recent Issues

Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
Non-FDI modes of international production + Bail-out 2.0 for Greece + Europe: Tobin tax on the move
Issue 3/May-Jun 2011
Survey on trade union rights violation + BRICS on the new IMF director + Greece and the euro + Green Economy for LDCs?
Issue 2/Mar-Apr 2011
LDC-IV in Istanbul +++ Reforming the global monetary system: Whick role for the IMF +++ Escalation of food prices +++ Remittances and development
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