The United Nations announced calculations that the world economy will rebound in 2010 with a global growth rate of 2.4 percent, but cautioned that it will continue to be a delicate balance.
In a preview from the U.N.’s annual economic forecast the organization pointed to the stimulus plan as the reason for the potential recovery and amidst debate on the topic, recommended that such measures should continue until signs of stability appear.
Signs of stability would include a rise in employment rates and increased demand in the private sector.
Global improvement has been noted in the second and third quarters including returns in global equity and increased international trade.
"This is an important turnaround after the free fall in world trade, industrial production, asset prices, and global credit availability which threatened to push the global economy into the abyss of a new Great Depression in early 2009," the U.N. report read.
Still, the document noted that America and the global economy at large are not yet in the clear. It cautions that abandoning stimulus measures in the face of an anemic recovery could potentially spur a double-dip into the recession.
It also warns of the potential for double jeopardy as the U.S. as debt continues to grow with the stimulus and devalue to the U.S.D., threatening financial stability.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine.
