Another Set Of Numbers Shows Failing Global Economy
The UN’s report on World Economic Situation and Prospects 2009 contains almost no good news.
According to Reuters, “World economic growth will slow to 1 percent in 2009 from 2.5 percent this year as the financial crisis bites and the global economy may even contract if stimulus packages prove too little too late.”
With emerging markets like China and India still showing GDP improvements, that means numbers in the US, EU, and Japan are bound to get a good deal worse.
Douglas A. McIntyre