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Global fiscal stimulus funds could jump-start world economy—UN report

by Pat Coate | February 17, 2009

Nairobi, Kenya - Investing one-third of the roughly $2.5 trillion planned stimulus funds in "greening" the global economy will give a large boost to efforts to lift the world out of recession, according to a new United Nations Environment Programme (UNEP) released today.

The estimated $750 million -- or some 1 per cent of current global Gross Domestic Product (GDP) -- could spur significant returns, including stimulating innovation and job growth, slashing greenhouse gas emissions and making strides towards curbing poverty.

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