Regional Economic Outlook
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May 2025
Coming Soon: Regional Economic Outlook for the Middle East and Central Asia, May 2025
May 1, 2025
Description: The Regional Economic Outlook (REO) report provides comprehensive insights into recent economic developments and future prospects specifically for countries in the region. It analyzes the impact of economic policy changes on performance, highlighting key challenges faced by policymakers in navigating complex economic landscapes. The Regional Economic Outlook: Middle East and Central Asia is published twice a year, in the spring and fall to review developments in the region.
April 2025
Regional Economic Outlook for the Western Hemisphere, April 2025
April 25, 2025
Description: Join IMF Staff for an insightful presentation of the latest Regional Economic Outlook for the Western Hemisphere on Friday, April 25, 2025, at 1:30 PM ET.
Coming April 25 at 8:30 AM ET | Regional Economic Outlook for Sub-Saharan Africa, April 2025
April 25, 2025
Description: The Regional Economic Outlook report provides comprehensive insights into recent economic developments and future prospects specifically for countries in the region. It analyzes the impact of economic policy changes on performance, highlighting key challenges faced by policymakers in navigating complex economic landscapes. The Regional Economic Outlook: Sub-Saharan Africa is published twice a year, in the spring and fall, to review developments in sub-Saharan Africa.
Regional Economic Outlook for Europe, April 2025
April 18, 2025
Description: Regional Economic Outlook for Europe, April 2025
Coming Soon: Regional Economic Outlook for Asia and Pacific April 2025
April 18, 2025
Description: Press Briefing by Krishna Srinivasan, Director, Asia and Pacific Department, IMF, April 24, 2025
October 2024
Regional Economic Outlook for Asia and Pacific, November 2024 | Resilient Growth but Higher Risks
October 31, 2024
Description:
Short-term prospects for Asia and the Pacific have improved slightly compared to the IMF’s April forecasts, even though growth is still expected to moderate in 2024 and 2025. The regional growth projection for 2024 has been marked up to 4.6 percent from 4.5 percent in April, largely reflecting the over-performance in the first half of the year, and the region is forecast to contribute roughly 60 percent to global growth in 2024. In 2025, more accommodative monetary conditions are expected to support activity, resulting in a slight upward growth revision to 4.4 percent from 4.3 percent in April. Inflation has retreated in much of the region. At the same time, risks have increased, reflecting rising geopolitical tensions, uncertainty about the strength of global demand, and potential for financial volatility. Demographic change will act increasingly as a brake on activity, though structural shifts into high-productivity sectors such as tradable services hold promise to sustain robust growth.
Regional Economic Outlook for the Middle East and Central Asia, October 2024: Navigating The Evolving Geoeconomic Landscape
October 31, 2024
Description:
Navigating the Evolving Geoeconomic Landscape
The global economic landscape faces significant challenges, including from geoeconomic fragmentation. In the Middle East and North Africa and Caucasus and Central Asia regions, economies are facing shifting trade patterns while also dealing with frequent shocks from conflicts and climate change. Moreover, medium-term growth prospects have deteriorated over the past two decades and are projected to remain subdued. Decisive reforms are needed to place countries on the path to a more resilient and inclusive economic future.
Regional Economic Outlook, Western Hemisphere, October 2024: Rebalancing Policies and Pressing on with Reforms
October 25, 2024
Description:
After successfully weathering a series of shocks, most countries in the region are converging to their (tepid) potential. Growth is expected to moderate in late 2024 and 2025, while inflation is projected to continue easing, although gradually. With output gaps mostly closed and inflation near target in most cases, policies should be rebalanced. Fiscal consolidation should advance without delay to rebuild buffers while protecting priority public investment and social spending. Most central banks are well placed to proceed with monetary easing, striking a balance between fending off the risk of reemerging price pressures and avoiding an undue economic contraction. Over the medium-term, growth is expected to remain close to its low historical average, reflecting long-standing, unresolved challenges. Pressing on with structural reforms will be key to boost potential growth and raise living standards.
Regional Economic Outlook for Sub-Saharan Africa, October 2024 | Reforms amid Great Expectations
October 25, 2024
Description:
Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
Regional Economic Outlook for Europe, October 2024: A Recovery Short of Europe’s Full Potential
October 24, 2024
Description:
Europe’s economy is recovering, benefiting from a strong crises’ response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts, is dampening the near-term outlook. In the longer term, perennially weak productivity growth—a result of limited scale and business dynamism–-amid new headwinds from fragmentation and climate change are holding back growth potential.