Business Standard

UN predicts increased global economic growth

Image

AP United Nations
The UN is predicting increased global economic growth of at least 3 percent over the next two years following signs of improvement.

The annual report on the economy and prospects for the coming year said the world experienced subdued growth for a second year, estimating growth in 2013 at 2.1 percent. The report was released today.

The UN forecast economic growth of 3 percent in 2014 and 3.3 percent in 2015, based largely on this year's third quarter performance.

According to the report, a protracted recession in countries using the euro has finally ended, U.S. Economic growth strengthened somewhat, and China and India experienced moderate increased growth after two years of backsliding.
 

But the UN cautioned that economic growth could be threatened by many uncertainties and risks.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 19 2013 | 1:25 AM IST

Explore News