World growth 'worst for 60 years'

Read this BBC article, and answer the questions:

1) How do economics measure economic growth?

2) The article says that the UK recently entered a recession. What does the word ‘recession’ mean?

3)What data in the 1st paragraph can you find to support the belief that the world economic situation is getting worse rapidly?

3) What is ‘protectionism”. Based on what you know of global trade , do you agree or disagree with the director of the World Trade Organisation that protectionism would be "a big mistake".

4) What does the ILO predict will happen to unemployment as a result of the current economic crisis? Explain briefly why the article says that unemployment is likely to increase in 2009?

5) What does the article predict for the world economy over the next 2 to 3 years?

6) Explain what a ‘bad bank’ is