World Economic Outlook and the Challenges to the UN Development Agenda Beyond 2015

Pingfan Hong

Chapter 1 in Contemporary Issues in Development Economics, 2016, pp 1-10 from Palgrave Macmillan

Abstract: Abstract More than five years after the eruption of the global financial crisis, the world economy has not recovered to running at full capacity According to the latest update of the World Economic Situation and Prospects by the United Nations (United Nations, 2014a), the world output is expected to grow in 2014 and 2015 at the rates of 2.8 per cent and 3.2 per cent respectively. These rates are far from sufficient to close the output gap and recuperate the job losses caused by the financial crisis.

Keywords: Central Bank; Euro Area; Contemporary Issue; Quantitative Ease; Policy Interest Rate (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-52974-9_1

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DOI: 10.1057/9781137529749_1

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