economy

Global economy risks falling into renewed recession, warns UN report

World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, says a new United Nations report, which calls for policy changes to spur growth and tackle the jobs crisis.

Guinea-Bissau development expert named head of UN Economic Commission for Africa

Secretary-General Ban Ki-moon today appointed Carlos Lopes of Guinea-Bissau as the new Executive Secretary of the United Nations Economic Commission for Africa (UNECA).

Despite global economic turmoil, foreign direct investment increased in 2011 – UN

In spite of the economic turmoil that shook countries last year, global foreign direct investment (FDI) rose by 17 per cent, according to a United Nations report released today, which predicts it will continue to increase this year but warns of the risks posed by the frail economic climate.