BBC NEWS 24 142 17 Sep 13:45/54 ************ ************************** * *** *** ** ************ **** ************ ***************** 3/7 WORLD ON BRINK OF RECESSION, UN WARNS The world economy is on a knife edge and could fall into full global recession, the UN Conference on Trade and Development has warned.
East Asia has to switch from deflation to reflation to avoid such a recession occurring, UNCTAD says.
Europe and Japan must boost their domestic demand, it warns.
It also highlights the burden of external debt in Africa which, UNCTAD says, is threatening economic recovery.
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