This is the analysis from United Nation for world economic situation and prospects in 2010. Here are the main messages:
1. We’re moving away from the abyss.
- Stabilization in financial markets.
- Rebound in international trade and commodity prices.
2. Incipient, but fragile global recovery
- Mild, yet fragile recovery of world economy.
- Uneven recovery (led by developing Asia).
3. Downside risks: moving back to the abyss
- Premature withdrawal fiscal stimulus would lead to double-dip recession.
- Business-as-usual recovery will lead to widening global imbalances and risks hard landing US Dollar.
4. Policy Challenges
- Sustainable rebalancing of global economy requires further international cooperation and reforms financial architecture.
Source: http://www.un.org/esa/policy