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UN forecasts modest economic recovery but no robust revival

From nzherald.co.nz

The United Nations predicted a modest recovery in the global economy in 2017-18 on Tuesday but warned that its projection is an indication of economic stabilization rather than a signal of robust revival. In its annual economic report, the U.N. said the world economy expanded by just 2.2 percent in 2016, the slowest rate of growth since the depth of the recent recession in 2009. It forecast growth of 2.7 percent this year and 2.9 percent in 2018, a slight downward revision from its mid-year revisions in May. "Underpinning the sluggish global economy are the feeble pace of global investment, dwindling world trade ... (full story)

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