World Economic Outlook, April 2014: Recovery Strengthens, Remains Uneven

April 8, 2014

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World Economic Outlook, April 2014: Recovery Strengthens, Remains Uneven, (USA: International Monetary Fund, 2014) accessed November 23, 2024

Also available in: русский

Summary

Global activity has broadly strengthened and is expected to improve further in 2014–15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although downside risks have diminished overall, lower-than-expected inflation poses risks for advanced economies, there is increased financial volatility in emerging market economies, and increases in the cost of capital will likely dampen investment and weigh on growth. Advanced economy policymakers need to avoid a premature withdrawal of monetary accommodation. Emerging market economy policymakers must adopt measures to changing fundamentals, facilitate external adjustment, further monetary policy tightening, and carry out structural reforms. The report includes a chapter that analyzes the causes of worldwide decreases in real interest rates since the 1980s and concludes that global rates can be expected to rise in the medium term, but only moderately. Another chapter examines factors behind the fluctuations in emerging market economies’ growth and concludes that strong growth in China played a key role in buffering the effects of the global financial crisis in these economies.

Subject: Commodity prices, Emerging and frontier financial markets, Financial crises, Financial markets, Financial services, Global financial crisis of 2008-2009, Inflation, Prices, Real interest rates

Keywords: Advanced economy, Asia and Pacific, Caribbean, Central America, Commodity prices, Economy, EMBI yield, Emerging and frontier financial markets, Emerging market economies, Emerging market risk, Geopolitical risk, Global, Global financial crisis of 2008-2009, Inflation, Longer-term inflation expectation, Middle East, Normalization of monetary policy, North Africa, Real interest rates, Real rate, South America, Sub-Saharan Africa, Terms-of-trade growth, U.S. dollar, WEO, Windowtext 1.5pt FFFFFF

Publication Details

Pages:

232
Volume:

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DOI:

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Issue:

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Series:

World Economic Outlook No. 2014/001
Stock No:

WEOEA2014001
ISBN:

9781484308349
ISSN:

0256-6877

Supplemental Resources

Link to Table of Contents
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Notes

Full text is also available in Russian.

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