United Nations
Development Policy and Analysis Division
World Economic Situation and Prospects 2008
Executive Summary
The world economy facing uncertain times
After several years of robust growth, the world economy is now facing some serious challenges
in sustaining its brisk pace. The end of the housing bubble in the United States of
America, as well as the unfolding credit crisis, the decline of the United States dollar visą-
vis other major currencies, the persistence of large global imbalances and high oil prices
will all threaten the sustainability of global economic growth in the coming years.
Slower, but nonetheless robust, global economic growth in 2008
The growth of the world economy moderated somewhat from 3.9 per cent in 2006 to a
nonetheless robust 3.7 per cent during 2007. The baseline forecast of the United Nations
for 2008 is for growth of the world economy to slow further to 3.4 per cent, but the darkening
clouds of downside risks are looming much larger than a year ago...
WESP 2008 Annex Tables:
A.1
Developed economies: rates of growth of real GDP, 1998-2008
A.2
Economies in transition: rates of growth of real GDP, 1998-2008
A.3
Developing economies: rates of growth of real GDP, 1998-2008
A.4
Developed economies: consumer price inflation, 1998-2008
A.5
Economies in transition: consumer price inflation, 1998-2008
A.6
Developing economies: consumer price inflation, 1998-2008
A.7 Developed
economies: unemployment rates, 1998-2008
A.8 Economies
in transition and developing economies: unemployment rates, 1998-2007
A.9 Major
developed economies: quarterly indicators of growth, unemployment and
inflation, 2005-2007
A.10 Selected
economies in transition: quarterly indicators of growth and inflation,
2005-2007
A.11 Major
developing economies: Quarterly indicators of growth, unemployment and
inflation, 2005-2007
A.12
Major developed economies: financial indicators, 1998-2007
A.13 Selected
economies: real effective exchange rates, broad measurement, 1998-2007
A.14 Indices
of prices of primary commodities, 1998-2007
A.15 World
oil supply and demand, 1999-2008
A.16 World
trade: changes in value and volume of exports and imports, by major country
group, 1998-2008
A.17 Balance
of payments on current account, by country or country group, summary table,
1998-2006
A.18 Balance
of payments on current account, by country or country group, 1998-2006
A.19 Net
ODA from major sources, by type, 1986-2006
A.20 Total
net ODA flows from OECD Development Assistance Committee (DAC) countries, by
type of flow, 1994-2006
A.21 Commitments
and net flows of financial resources, by selected multilateral institutions,
1997-2006
A.22 Greenhouse
gas emissions of Annex 1 Parties to the United Nations Framework Convention
on Climate Change
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