economic+crisis

New policies needed to adjust to new dynamics in world economy – UN report

Countries must adopt new economic policies to adjust to structural changes in the world economy sparked by the onset of the global financial crisis five years ago, according to a new United Nations report.

Eurozone at risk of losing additional 4.5 million jobs over next four years – UN warns

If current economic policies do not change quickly, the Eurozone may lose 4.5 million jobs over the next four years, the United Nations warned in a new report today, adding that this would increase the risk of social unrest and would further erode citizen’s confidence in their governments, the financial system and European institutions.

European debt crisis remains biggest threat to world economy – UN report

The European debt crisis is currently the biggest threat to the world economy, according to a United Nations report released today, which warns that the austerity measures followed by countries in the region will plunge them further into recession, and calls for a shift in fiscal policies to stimulate growth.

UN expert calls on Latvia to ensure economic measures benefit vulnerable groups

Latvian authorities must ensure that vulnerable groups are not disproportionately affected by austerity measures and other economic policies, a United Nations independent expert said today.

Sustainable development must inform global economic revival efforts – Ban

Secretary-General Ban Ki-moon said today that efforts to revive the global economy must be based on a long-term vision of sustainable and inclusive development, stressing that the current financial difficulties make it imperative that the world seeks balanced growth for future generations.

New paradigm needed to ensure global job creation and economic progress – UN officials

United Nations senior officials today stressed the importance of establishing a new paradigm for growth that ensures social inclusiveness, job opportunities for all, and more accountability from the financial sector to tackle the ongoing global economic crisis.

Fiscal austerity measures driving global economy towards recession – UN

Fiscal austerity policies being implemented by countries are driving the global economy towards a recession, the United Nations trade and development body warned today, stressing that greater attention should be paid to high unemployment, which it called a more pressing problem than budgetary deficits.

UN report calls on affluent countries to halt austerity to avoid double-dip recession

The world risks falling back into recession if developed countries embark prematurely on fiscal austerity measures, according to a United Nations report released today in New York, which recommends additional stimulus measures as well as more forceful international coordination to stimulate job creation and investment.

Latin American States at UN focus on financial crisis, suggest transaction tax

Blaming speculation for the high price of food and oil, and arrogance and greed for the global economic crisis, the Dominican Republic called at the United Nations today for new market rules and proposed a 5 per cent tax on financial transactions to spur growth and prosperity.

Political will needed to avoid deeper economic strife, Australia tells UN

The global economic crisis continues and may still engulf the world, Australia’s Foreign Minister warned the General Assembly today, urging countries to take immediate and concerted action to spur sustainable growth and avoid a depression.