The world economy has experienced subdued growth for another year in 2013, unable to
meet even the modest projections many institutional forecasters made earlier, including
the World Economic Situation and Prospects (WESP) 2013. According to the information
available in November, world gross product (WGP) is estimated to have grown by 2.1 per
cent in 2013, lower than the baseline forecast of 2.4 per cent published in WESP 2013, but
still better than the alternative pessimistic scenario presented in that report.1