World Economic Outlook

World Economic Outlook, October 2013: Transition and Tensions

October 8, 2013

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World Economic Outlook, October 2013: Transition and Tensions, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Also available in: français, русский, 中文

Summary

Global growth is in low gear, and the drivers of activity are changing. These dynamics raise new policy challenges. Advanced economies are growing again but must continue financial sector repair, pursue fiscal consolidation, and spur job growth. Emerging market economies face the dual challenges of slowing growth and tighter global financial conditions. This issue of the World Economic Outlook examines the potential spillovers from these transitions and the appropriate policy responses. Chapter 3 explores how output comovements are influenced by policy and financial shocks, growth surprises, and other linkages. Chapter 4 assesses why certain emerging market economies were able to avoid the classical boom-and-bust cycle in the face of volatile capital flows during the global financial crisis.

Subject: Balance of payments, Capital flows, Capital inflows, Current account, Emerging and frontier financial markets, Financial crises, Financial markets, Global financial crisis of 2008-2009, Inflation, Prices

Keywords: Africa, Asia and Pacific, Capital flows, Capital inflows, Caribbean, Central America, Central and Eastern Europe, Countercyclical fiscal policy, Country pair, Currency depreciation, Current account, Debtor economy, Emerging and frontier financial markets, Fiscal policy, Fiscal policy regime, Global, Global financial crisis of 2008-2009, Inflation, Market economy, Middle East, Monetary policy, Monetary policy normalization, Monetary policy shock, North Africa, Solid windowtext 1.5pt, Trade linkage, U.S. dollar, WEO

Publication Details

  • Pages:

    247

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    World Economic Outlook No. 2013/002

  • Stock No:

    WEOEA2013002

  • ISBN:

    9781484340639

  • ISSN:

    0256-6877

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Notes

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