A new United Nations economic report has warned the global economy is still struggling to return to a strong and sustained growth path with a stagnant rate of 2.2 percent output expected in 2013.
The UN Conference on Trade and Development (UNCTAD) issued a statement of slow growing global economy even after five years of the Great Recession, News.com.au reports.
According to the report, the world output rate in 2012 was 2.2 percent, and has been forecasted to remain the same in 2013.
The report further added that the developed countries are expected to show just one percent increase in gross domestic product.
While developing and transition economies are likely to grow by almost five percent and three percent respectively.
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