The global economy continues to grow at a slow pace, according to a new report released on Thursday.

The World Economic Situation and Prospects 2012, issued as a mid-year update, says that developed economies are still struggling to overcome the problems created by the global financial crisis of 2008 and 2009.

The report warns that the debt crisis in countries that use the euro could result in severe turmoil in financial markets and a sharp rise in what is called “global risk aversion” when investors are reluctant to risk their money. 

To find out more about the global economy, Derrick Mbatha spoke with Rob Vos, Director of Development Policy and Analysis in UN Department of Economic and Social Affairs.

Duration: 4'50"