economic+crisis

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.