World Economic Outlook

World Economic Outlook, October 2010: Recovery, Risk, and Rebalancing

October 6, 2010

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World Economic Outlook, October 2010: Recovery, Risk, and Rebalancing, (USA: International Monetary Fund, 2010) accessed December 21, 2024

Also available in: العربية, español, français

Summary

The recovery from the Great Recession is proceeding broadly as expected, but most advanced economies and a few emerging economies still face large adjustments, are recovering only sluggishly, and have continued high unemployment. By contrast, many emerging and developing economies are again seeing strong growth. A sustained, healthy global recovery rests on two rebalancing acts: internal rebalancing, with a strengthening of private demand in advanced economies, allowing for fiscal consolidation; and external rebalancing, with an increase in net exports in deficit countries and a decrease in net exports in surplus countries, notably emerging Asia. This edition of the World Economic Outlook examines the interactions between these two rebalancing acts and explores the policies required to support them. One of the two analytical chapters examines the effects on output and employment of fiscal consolidation in advanced economies using detailed budget data, and the other examines the collapse and recovery of trade in economies that have experienced crises.

Subject: Commodity prices, Fiscal consolidation, Fiscal policy, Imports, Inflation, International trade, Potential output, Prices, Production

Keywords: Advanced economy, Asia and Pacific, Caribbean, Commodity prices, Core inflation, Currency appreciation, Debt, Deficit, Economy, Europe, Exchange rate, Fiscal consolidation, Fiscal policy, Global, Import loss, Imports, Inflation, Labor market, Output gap, Partner crisis dummy, Potential output, Spending cut, Sub-Saharan Africa, WEO

Publication Details

  • Pages:

    279

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    World Economic Outlook No. 2010/002

  • Stock No:

    WEOEA2010002

  • ISBN:

    9781589069473

  • ISSN:

    0256-6877

Notes

Full text also available in Arabic, French and Spanish.

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