Three years after the outbreak of the global financial crisis, world development prospects remain subject to risks and uncertainties. Even though the latest IMF forecasts for the global economy point to growth of 4.4 per cent in 2011, global recovery was uneven across regions in 2010 and growth disparities are expected to persist in 2011, with most emerging and developing economies back to their precrisis output levels while developed economies are still operating below their potential. With regard to world unemployment, the situation is substantially unchanged
from 2009, and recent assessments suggest that at the current rate of job creation it may take five years to even reach pre-crisis levels of global employment. Within countries, reducing inequalities by promoting inclusive growth remains another huge challenge.