World Economic Outlook

World Economic Outlook, April 2009: Crisis and Recovery

April 22, 2009

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World Economic Outlook, April 2009: Crisis and Recovery, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Also available in: العربية, español, français, русский, 中文

Summary

This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.

Subject: Banking, Commodities, Commodity prices, Credit, Economic growth, Economic recession, Financial crises, Inflation, Money, Prices

Keywords: Advanced economy, Annex IMF executive board Discussion, Asia and Pacific, Caribbean, Commodity market development, Commodity prices, Credit, Economic recession, Economy stress, Europe, Futures price, Global, Inflation, Market strain, Middle East, Net debtor countries, Nominal interest rate, Recession, Recession phase, Synchronized recession, WEO, Western Europe, World War II recession

Publication Details

  • Pages:

    250

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    World Economic Outlook No. 2009/001

  • Stock No:

    WEOEA2009001

  • ISBN:

    9781589068063

  • ISSN:

    0256-6877

Notes

Full text also available in Arabic, Chinese, French, Russian, and Spanish.