CEEFAX 2 142 Thu 17 Sep 17:58/46
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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