Global economy faces new uncertainties

Photo: World Bank/John Hogg

Plunging oil prices, fighting in Ukraine, ebola and deflation: a selection of problems that weighed heavily on the world's economy in 2014.

In a new report on the risks to global growth and prospects for the next two years, the United Nations Conference on Trade and Development (UNCTAD) said there was only a "moderate and uneven" upturn of 2.6 per cent in 2014.

The UN agency anticipates global economic growth of 3.1 per cent in 2015 and 3.3 per cent in 2016.

José Palacin is a senior economist with the United Nations Economic Commission for Europe (UNECE)

Daniel Johnson asked  him about the major issues facing the world's economy, starting with the likely effects of falling oil prices on countries in the Commonwealth of Independent States (CIS).

Duration: 3’19″

Filed under Today's Features.
UN Radio Daily News Programme
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