ecns [expanded by feedex.net]: World economy to grow by just 2.4 percent in 2016: UN

ecns [expanded by feedex.net]

ecns

World economy to grow by just 2.4 percent in 2016: UN
http://www.ecns.cn/business/2016/05-13/210300.shtml
May 13th 2016, 09:11















Friday May 13, 2016 ÖÐÎÄ

HomeNewsBusinessTravelPhotoVideoLearning ChineseVoices


RIGHT BG


LINE



As world economic growth remains weak, world gross product will grow by just 2.4 percent in 2016, the same pace as in 2015, said a UN report Thursday.
This marked a downward revision of 0.5 percentage points from UN projections in December 2015.
The World Economic Situation and Prospects as of mid-2016 report, released by the UN Department of Economic and Social Affairs, pointed out that persistent weakness in aggregate demand in developed economies remains a drag on global growth.
Low commodity prices, mounting fiscal and current account imbalances as well as policy tightening have further dampened prospects for many commodity-exporting economies in Africa, Latin America and the Caribbean, it added.
"Economic activity in the world economy remains lackluster, with little prospect for a turnaround in 2016," it noted.
In addition, China's economy is projected to grow by 6.4 percent in 2016 and 6.5 percent in 2017, in line with the government target, said the report.
Lenni Montiel, assistant secretary-general for economic development, said a more balanced policy mix is needed to rejuvenate global growth and to create favorable conditions for the world's sustainable development.
¡¡¡¡

Related news

World Bank projects China's economy to grow 6.7 pct this yearChinese economy continues to be stabilizing factor for world: ambassadorWorld benefits from stable, growing Chinese economyChina's restructuring to give more impetus to world economy: FM2016-02-25

















Most popular in 24h

Malaysia says two more debris confirmed from missing MH370Chinese light rail technology put into use in PhilippinesNavy fighter crashes in east ChinaS. Korea monitoring DPRK's nuke test site: defense ministryU.S. challenge China at WTO over poultry dispute

MoreTop news

Steel prices 'won't derail' overcapacity cuts IOC and Rio 2016 downplay Rousseff suspension influence towards Olympics Air pollution affects world's poorest cities the most: WHO Missing Chinese national, Spanish tourists found safe on board fishing boats: Malaysian officials Experts call for graphic warnings on cigarette packs







LINE


Copyright ©1999-2016 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.






You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt