News release: “The recovery of the world economy has started to lose momentum since mid-2010, and active, coordinated fiscal and monetary measures will be needed to reinvigorate it and help boost worldwide employment. International policy coordination will be essential for the recovery to work. Chapter I of World Economic Situation and Prospects 2011 – a report jointly prepared by the United Nations Department of Economic and Social Affairs (DESA), UNCTAD and United Nations Regional Commissions – warns that the outlook remains uncertain and surrounded by serious risks. The projected worldwide growth of 3.1 per cent and 3.5 per cent in 2011 and 2012, respectively, will not be sufficient to recover more than 30 million jobs lost during the crisis. In a pessimistic scenario of fiscal adjustment and prolonged currency volatility, Europe, currently projected to recover at a “snail´s pace”, could be facing a double-dip recession. Similar fates of either stagnating or falling back into recession could be awaiting Japan and the United States.”