World Economic Outlook, September 2011: Slowing Growth, Rising Risks

September 20, 2011

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Format: Chicago

World Economic Outlook, September 2011: Slowing Growth, Rising Risks, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Also available in: العربية, español, français, русский

Summary

The September 2011 edition of the World Economic Outlook assesses the prospects for the global economy, which is now in a dangerous new phase. Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing. Against a backdrop of unresolved structural fragilities, a barrage of shocks hit the international economy this year, including the devastating Japanese earthquake and tsunami, unrest in some oil-producing countries, and the major financial turbulence in the euro area. Two of the forces now shaping the global economy are high and rising commodity prices and the need for many economies to address large budget deficits. Chapter 3 examines the inflationary effects of commodity price movements and the appropriate monetary policy response. Chapter 4 explores the implications of efforts by advanced economies to restore fiscal sustainability and by emerging and developing economies to tighten fiscal policy to rebuild fiscal policy room and in some cases to restrain overheating pressures.

Subject: Balance of payments, Commodity price shocks, Commodity prices, Current account balance, Fiscal consolidation, Fiscal policy, Inflation, Prices

Keywords: Advanced economy, Asia and Pacific, Caribbean, Central America, Central and Eastern Europe, Commodity market development, Commodity price shocks, Commodity prices, Current account, Current account balance, Debtor economy, Economy, Europe, Fiscal consolidation, Fiscal policy change, Global, Headline inflation, Inflation, Inflation expectation, Middle East, North Africa, Policy room, Price shock, Sub-Saharan Africa, Trade balance, WEO

Publication Details

Pages:

240
Volume:

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DOI:

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Issue:

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Series:

World Economic Outlook No. 2011/002
Stock No:

WEOEA2011002
ISBN:

9781616351199
ISSN:

0256-6877

Notes

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

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