All Entries Tagged With: "global economic crisis"

UN Predicts 2009 Economic Decline of 2.6 Percent

UNITED NATIONS – The United Nations predicted Wednesday that the global economy will shrink 2.6 percent this year as a result of the world financial crisis — a considerably deeper downturn than the 0.5 percent contraction forecast in January. In its midyear economic projections, the U.N. said developing countries have been disproportionately hard hit by [...]