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- W1887180631 abstract "This is a statement by Mr. Mukhisa Kituyi, Secretary-General of UNCTAD, at the eighty-eighth meeting of the Development Committe held on October 12, 2013. He starts describing briefly about economic recovery taking hold in developed countries and with it a return to 'normality' for the world economy. In reality, that recovery is uneven and timid. Global output growth will barely exceed 2 percent in 2013, measured at constant 2005 dollars, little changed from last year`s weak performance. With a growth rate of around 4.5 percent, developing countries will continue to make the largest contribution, accounting for two thirds of global growth; transition economies will grow at around 2.5 percent, while developed economies will grow slightly above 1 percent. The growth in international trade has also slowed sharply since 2010, to less than 2 percent in volume this year, compared to an average of 7-8 percent in the pre-crisis years. Unemployment performance has fared better in developing countries: among the G-20 emerging economies, only Mexico and South Africa had higher rates of unemployment at the end of 2012 than before the crisis: all the other countries managed to reduce that rate. However, in many developing countries the quality of employment has not improved, with underemployment and informal sector jobs persistent structural challenges. However, and even though the increased weight, in recent years, of developing countries in global output, trade, Foreign Direct Investment (FDI) and capital flows has been concentrated in a small number of them, this shift opens up new possibilities." @default.
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- W1887180631 date "2013-10-12" @default.
- W1887180631 modified "2023-09-27" @default.
- W1887180631 title "Statement by Mr. Mukhisa Kituyi, Secretary-General of UNCTAD : 88th meeting of the Development Committee" @default.
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