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UN sees 3.1% global growth

Staff writer ▼ | December 11, 2014
The preview of the 2015 World Economic Situation and Prospects report from the United Nations (UN) forecasts 3.1% growth for the world economy next year.
UN preview
Expectations   The Development Policy and Analysis Division of the UN
The organization expects the global economy to grow by 3.3% in 2016 and by 2.6% in 2014.

Latin America and the Caribbean are also expected to grow, by 1.3% in 2014, 2.4% in 2015 and 3.1% in 2016. For Brazil, the report forecasts moderate growth and risks stemming from mounting deficits, the commodity price slowdown and the depreciation of the real, i.e. the local currency.

Pingfan Hong, director of the UN's Development Policy and Analysis Division (DPAD), notes that although global indicators show that the economy seems to be back on track, the world is faced with great risks and uncertainty that can undermine economic improvement efforts.