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World Economic Situation and Prospects 2007

Release Date: January, 2007
ISBN 13: 9789211091533
Sales Number: 07.II.C.2
176 page(s), 8.5x11
Binding: Paperback
Publisher: United Nations, Department of Economic and Social Affairs

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According to this annual forecast of global economic trends, the world economy is expected to decelerate in 2007, mainly dragged by a slowdown of the United States. The outlook remains mostly positive for developing countries, but a degree of moderation is also expected. The report highlights the need for greater employment growth which has not kept pace with output growth. The report calls for international macroeconomic policy coordination to facilitate an orderly adjustment of global imbalances, and points to systemic reforms of the international monetary system as the way forward in the long-run.

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