UNITED NATIONS: The world economy should start to make a weak recovery this year, but the United Nations (UN) said on Thursday (Friday in Manila) that Japan faces “risks” with its pump-priming spending and saw no end to Europe’s unemployment agony.

The UN revised downward its forecast for the world economy to 2.3-percent growth this year, followed by 3.1 percent in 2014. It had previously predicted a 2.4-percent rise in global gross domestic product (GDP) this year and 3.2 percent for next year.

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