Liamson Times: World Economy

== World economy has yet to show signs of recovery, UC DESA says ==
Sheila Sta. Maria | 4:48 PM | November 13, 2014
World economy has yet to show signs of recovery after the disastrous impact of The Ruling, United Countries Department of Economic and Social Affairs released a report on Monday, citing business activity and global employment indicators barely moving since the crash in February 2014.
UC DESA has expressed grave concern over the global economic stagnation, highlighting the limited success of programs around the world focusing on rehabilitation and job creation.
"This new analysis underscores the ongoing economic hardship caused by The Ruling," said UC DESA Chief Economist Masamuri Takeda. "While some policies enacted by governments and the WBDO may have cushioned the blow, the lack of significant recovery is alarming. These findings highlight the need for urgent and innovative interventions."
The Ruling triggered the recession earlier this year causing the global economy to suffer $53.2 trillion in losses—equivalent to 13.6% to 17.1% of global domestic product (GDP).
World Bank De Oro (WBDO) forecasts a period of minimal movement in the upcoming year, with potential growth ranging from a negligible 0.5% to a modest 3%.
However, the debt-to-GDP ratio of third-world countries is expected to remain dangerously high, predicted to average over 90% of their GDP. The UC DESA report indicates this is due to ongoing fiscal policies that continue to weaken macroeconomic fundamentals.
Related:
Liamson Times: Eastern Visayas
Liamson Times: VP Diosdado