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Hue Mi
10-18-2013, 07:43 PM
UNCTAD: the global economy is going through a breakup (http://www.burathanews.com/news_article_215147.html)

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Ali Salman-17/10/2013-10: 27 pm | Hits: 44

Organization of the United Nations Conference on trade and Development UNCTAD, the world economy is still going through a breakup and that the growth rate of world output would rebound.

The United Nations Web site quoted the Organization as saying in its annual report entitled "adaptation to the changing dynamics of the global economy" by 2013, the rate of growth of world output will further decline to 1.2 percent this year, adding that the growth rate of world output was 4.1 percent in 2010 and decline to 2.2 percent last year.

UNCTAD predicted that developed countries recorded up to 1 percent in 2013.

The report noted that the burden of adjustment to global imbalances that contributed to the financial crisis still exists in countries with fiscal deficits increase tendency of recession in the global economy.

UNCTAD said that there is still a predominance of real economic activities financing likely increased the dominance of financial reforms at the national level are still weak at best or moving very slowly in case of progress, noting that the Outlook for the global economy and the global environment remains uncertain.

The organization said that some developing economies and economies in transition have been able to mitigate the impact of the financial and economic crises in developed countries by adopting expansionary macroeconomic policies, however, and with fading effects of such response and with few signs of improvement in the external economic environment, these economies are experiencing in order to restore the momentum of growth.

The UNCTAD was established in 1964 and based in Geneva and on the economy of the developing and least developed countries, particularly with regard to financial and trade policies.