Gunny
Gold Member
May 15, 2008: 10:36 PM EDT
UNITED NATIONS (AP) -- The U.N. says the world economy is "teetering on the brink" of a severe downturn and will grow by only 1.8 percent in 2008.
That's down from a global growth rate of 3.8 percent in 2007.
The U.N.'s mid-year economic projections released Thursday blamed the downturn on further deterioration in the U.S. housing and financial sectors in the first quarter.
The U.N. said the U.S. problems are expected to continue to be "a major drag for the world economy" into 2009. It forecast global economic growth of 2.1 percent next year.
more ... http://money.cnn.com/2008/05/15/news/international/global_economy.ap/index.htm?cnn=yes
As I always say: F*ck the UN and f*ck the world. We should withdraw from the UN, kick their asses out of OUR country, and let "the world" take care of itself. Damned ingrates.