The United Nations’ report World Economic Situation and Prospects 2012 warns that the risk of another global downturn has heightened substantially in the last 6 months. The report highlights the failure of policymakers in Europe and the US to deal with high unemployment, the debt crisis and financial sector fragility. According to the UN, the developed economies should halt their use of “premature” austerity measures, seriously restructure financial governance in the short term and stimulate their economies instead of imposing austerity.
January 2012
For the full report, click here.
For the executive summary, click here.