Wednesday, January 26, 2005

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[IWS] UN: World Economic Situation and Prospects 2005 [25 January 2005]

IWS Documented News Service
_______________________________
Institute for Workplace Studies                 Professor Samuel B. Bacharach
School of Industrial & Labor Relations          Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor                  Stuart Basefsky
New York, NY 10016                      Director, IWS News Bureau
________________________________________________________________________

United Nations (UN)

World Economic Situation and Prospects 2005
http://www.un.org/esa/policy/wess/wesp2005files/wesp2005.pdf
[full-text, 136 pages]

Executive Summary
http://www.un.org/esa/policy/wess/wesp2005files/exsummary.pdf
[full-text, 4 pages]


   The continued recovery of the world economy resulted in unusually widespread growth in 2004, but a modest slowdown in all regions is expected in 2005, according to projections contained in World Economic Situation and Prospects 2005 (WESP 2005). Developing countries grew at the fastest rate in two decades in 2004. In addition to the stimulus provided by the United States, China is making an increasing contribution to global economic growth. Its rapid expansion has contributed to increased global demand for oil and many non-oil commodities, with the higher prices for the latter being of particular benefit to several countries in Africa and Latin America. Overall, prospects continue to be good, but the global imbalances pose a potential threat, to which a global response is required.

See Press Release [25 January 2005]
http://www.un.org/esa/policy/wess/wesp2005files/wesp05pr.pdf
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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                 *
Director, IWS News Bureau               *
Institute for Workplace Studies *
Cornell/ILR School                      *
16 E. 34th Street, 4th Floor            *
New York, NY 10016                      *
                                        *
Telephone: (607) 255-2703               *
Fax: (607) 255-9641                     *
E-mail: smb6@cornell.edu                *
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