"The United Nations on Wednesday predicted a fragile world economic recovery next year from a two-year crisis and said the risk remained of a 'double-dip' recession.
Stimulus packages deployed by many rich nations had played a large part in ending the downturn that began in 2007 and that has been widely blamed on the collapse of a global housing bubble, said a report by the U.N. economic division.
But the annual report, 'World Economic Situation and Prospects 2010,' warned that the recovery was 'far from robust' and could come to an abrupt halt if the packages, which it put at USD 2.6 trillion over 2009 and 2010, were withdrawn too soon."
Reuters - UN sees slow 2010 global recovery, double-dip risk:
No comments:
Post a Comment