World Economic Perspectives in 2007

Article no: EN20070118-Article-1.1-2007

World Economic Perspectives in 2007

The world economy is expected to moderate in 2007 after three years of historically high growth according to a new UN report, titled ?World Economic Situation and Prospects 2007?. Stepping back from the all-time high growth in world gross product (WGP) of 4.0 per cent reached in 2005 and the estimated 3.8 per cent growth for 2006, global growth is expected to slacken at a pace of 3.2 per cent in 2007. WDEV summarises the report.