U.N. World Economic Situation and Prospects

World Economic Situation and Prospects: In its annual economic report, the U.N. said the world experienced subdued growth for a second year, estimating growth in 2013 at 2.1 per cent, according to Times Colonist. According to the World Economic Situation and Prospects 2014, a protracted recession in countries using the euro has finally ended, U.S. economic growth strengthened somewhat, and China and India experienced moderate increased growth after two years of backsliding and The United Nations on Wednesday predicted that the global economy will grow by at least 3 per cent annually in the next two years following signs of improvement in many regions. But the U.N. forecast economic growth of 3 per cent in 2014 and 3.3 per cent in 2015, based largely on this year's third quarter performance. (www.immigrantscanada.com). As reported in the news.