The World Economic Situation and Prospects 2011 was launched today in Addis Ababa, Bangkok, Beirut, Geneva, Johannesburg, Mexico City and Moscow, and will be launched on Friday, 21 January, in Beijing. In the report, the United Nations predicts weaker global growth in 2011 and 2012 as the recovery has lost momentum since the middle of 2010. World gross product is forecast to expand by 3.1 per cent in 2011 and 3.5 per cent in 2012, following estimated growth of 3.6 per cent in 2010.