In the Global Urban Economic Challenges it was published that projections global economic growth of 2009 would shrink by 1.3 per cent, due to the current world recession. This meant that globally there would be less money for urban development and capital projects. In addition, rising unemployment was considered likely across many sectors of the economy and the unemployment in developed countries has risen to its highest level in recent times and is having a negative impacton their urban economies. The result has been social exclusion, urban segregation and persistent pockets of destitution and poverty. See the complete study about this theme in: http://www.unhabitat.org/documents/GRHS09/FS3.pdf
http://www.unhabitat.org/downloads/docs/GRHS2009/GRHS.2009.1.pdf
