UN Slashed World Growth Forecast to 2.4 Percent for year 2013

United Nations (UN) Slashed World Growth Forecast to 2.4 Percent from previous growth forecast of 2.7 for year 2013.

United Nations on 18 December 2012 slashed its global growth predictions to 2.4 percent for 2013 and 3.2 percent for the following year and warned of a lasting employment crisis for western countries.

The UN’s World Economic Situation and Prospects 2013 report warned that the Debt crises in Europe and the United States and a slowdown in China could all throw the world economy into recession.

Earlier in the t month of June 2012 UN had predicted a growth forecast 2.7 percent for 2013 and 3.9 percent for the year after.

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