UN predicts increased global economic growth - 13 WTHR Indianapolis

UN predicts increased global economic growth

Updated:
UNITED NATIONS -

The U.N. is predicting increased global economic growth of at least 3 percent over the next two years following signs of improvement.

The annual report on the economy and prospects for the coming year said the world experienced subdued growth for a second year, estimating growth in 2013 at 2.1 percent. The report was released Wednesday.

The U.N. forecast economic growth of 3 percent in 2014 and 3.3 percent in 2015, based largely on this year's third quarter performance.

According to the report, a protracted recession in countries using the euro has finally ended, U.S. economic growth strengthened somewhat, and China and India experienced moderate increased growth after two years of backsliding.

But the U.N. cautioned that economic growth could be threatened by many uncertainties and risks.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow