Not since the World War II has the world economy suffered such a severe recession. This annual report from UNCTAD reviews the current situation - falling production in the United States, Western Europe is stagnating, the boost provided by German unification is petering out, and interest rates remain high. Signs of improvement are investigated - alongside the debt crisis and worldwide economic instability. The picture is presented in a concise style, backed up by tables of statistics. To conclude prospects for the future and possible policy reforms to aid recovery are explored.
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