World Economic Outlook, April 2009

World Economic Outlook, April 2009

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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, qWhat Kind of Economic Recovery?q explores the shape of the eventual recovery. The second, qThe Transmission of Financial Stress from Advanced to Emerging and Developing Economies, q focuses on the role of external financial linkages and financial stress in transmitting economic shocks.1982 U.S. Banking Sector Stress Canada United States Belgium France Germany Italy Netherlands Following sovereign ... 1987 U.S. Stock Market Crash Canada United States Belgium Germany Netherlands Norway Spain Sweden ... 2002a€”the largest in U.S. history at the time. ... 1Widespread financial stress defined as periods during which at least 50 percent of advanced economiesa#39; GDP is in highanbsp;...

Title:World Economic Outlook, April 2009
Author:International Monetary Fund. Research Dept.
Publisher:International Monetary Fund - 2009-04-22


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