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September 24, 2011

"The World Economy is in Trouble" — Prime Minister of India tells UN General Assembly

United Nations

Photo: Dr. Manmohan Singh, Prime Minister of the Republic of India, addresses the general debate of the sixty-sixth session of the UN General Assembly. September 24, 2011. United Nations, New York. UN Photo/Evan Schneider.

“The world economy is in trouble,” Dr. Singh, an economist, told the General Assembly. “The shoots of recovery which were visible after the economic and financial crisis of 2008 have yet to blossom. In many respects the crisis has deepened even further.”

“The traditional engines of the global economy - countries such as the United States, Europe and Japan, which are also the sources of global economic and financial stability, are today faced with continued economic slowdown. Recessionary trends in these countries are affecting confidence in world financial and capital markets,” he told the gathering.

|GlobalGiants.Com|


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Edited & Posted by the Editor | 2:34 PM | Link to this Post






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