Economy – Page 41 – International Diplomat America

Europe’s slow recovery still fragile, warns UN report Many European countries still struggling with high unemployment ; geopolitical tensions have potential to disturb recovery

01/22/2015

Geneva, 19 January— Europe continues to recover moderately from the global financial crisis of 2008, but tensions in Ukraine and other risks could send Europe back into a recession, according to the United Nations World Economic Situation and Prospects 2015 (WESP) released today. Gross domestic product (GDP) for Western Europe is estimated to have grown by 1.2 per cent in 2014, and growth is expected to strengthen only to 1.5 and 1.9 per cent in 2015 and 2016, respectively….

World Employment and Social Outlook – Trends 2015 Unemployment on the rise over next five years as inequality persists

01/20/2015

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GENEVA (ILO News) – Unemployment will continue to rise in the coming years, as the global economy has entered a new period combining slower growth, widening inequalities and turbulence, warns a new ILO report. By 2019, more than 212 million people will be out of work, up from the current 201 million, according to the World Employment and Social Outlook – Trends 2015 (WESO). “More than 61 million jobs have been lost since the start of the global crisis…