World economic situation and prospects 2013

World Economic Situation and Prospects 2013: presents a post-crisis world economy still struggling with continued weakening growth of 2.2 per cent in 2012; projects disappointing global growth of 2.4 per cent in 2013 and 3.2 per cent in 2014 in the face of major uncertainties and downside risks; foresees a much slower pace of poverty reduction in many developing countries and narrowing fiscal space for investments in the many critical areas needed for achieving the Millennium Development Goals; calls for more forceful and concerted policy action at the global level, identifying fiscal and employment policies, financial market stability, development assistance and green growth as key challenges.

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