'US consumers need to spend us out of recession'

Ed Richardson THE WORLD is relying on American consumers to spend us out of the current recession, according to Unctad. The world economy has defied predictions of a deep recession following The events of 11 September. However, with much still riding on the performance of the United States economy, a more balanced global growth path appears doubtful, says the recently released United Nations Council for Trade and Development 2002 report.