GENEV
A, (AFP) -
World economic growth could slow to 1-1.5 percent in 2009, about half of the projected 2.9 percent growth for 2008, the UN trade and development body's chief economist said on Thursday.
In its latest annual report, UN Conference on Trade and Development (UNCTAD) assessed that in mid-2008, the global economy was already “teetering on the brink of recession”, impacted by financial markets turmoil, commodity price hikes and huge exchange-rate swings.
