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Launch of the World Economic Situation and Prospects 2011


18 January, 2011

World Economic Situation and Prospects (WESP) is a joint product of the Department of Economic and Social Affairs, the United Nations Conference on Trade and Development and the five United Nations regional commissions. It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues. One of its purposes is to serve as a point of reference for discussions on economic, social and related issues taking place in various United Nations entities during the year.

The World Economic Situation and Prospects update as of mid-2010 highlights that while the world economy continued to improve in the first half of 2010, leading to a slight upward revision in the United Nations outlook for global growth, the pace of the recovery is too weak to close the global output gap left by the crisis. It also points out that the recovery is uneven across countries, with encouraging growth prospects for some developing countries, but lacklustre economic activity in developed economies and below potential growth elsewhere in the developing world. The Report argues that important weaknesses in the global economy remain, and draws attention to some of the policy challenges that need to be addressed to solidify and broaden the recovery.

Detailed Information
Date 18 January, 2011
Time
Location
Organizer Development Policy and Analysis Division [ Content posted by United Nations Secretariat, Agency, or Programme UN ENTITY ]
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