World Economic Outlook, October 2012: Coping with High Debt and Sluggish Growth

October 8, 2012

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World Economic Outlook, October 2012: Coping with High Debt and Sluggish Growth, (USA: International Monetary Fund, 2012) accessed November 23, 2024

Summary

The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter 3 explores 100 years of history of dealing with public debt overhangs. In emerging market and developing economies, activity has been slowed by policy tightening in response to capacity constraints, weaker demand from advanced economies, and country-specific factors, but policy improvements have raised these economies' resilience to shocks, an issue explored in depth in Chapter 4.

Subject: Debt reduction, Emerging and frontier financial markets, Financial markets, Financial services, Fiscal consolidation, Fiscal policy, Inflation, Prices, Public debt, Real interest rates

Keywords: Advanced economy, Asia and Pacific, Deficit economy, Developing economy, Economy, Emerging and frontier financial markets, Emerging market, Financial crisis, Fiscal consolidation, Fiscal policy, Global, Inflation, Middle East, Monetary policy, North Africa, Real interest rates, Sub-Saharan Africa, U.S. dollar, WEO

Publication Details

Pages:

255
Volume:

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DOI:

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Issue:

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Series:

World Economic Outlook No. 2012/002
Stock No:

WEOEA2012002
ISBN:

9781616353896
ISSN:

0256-6877

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