Global economic prospects have improved again, but the bumpy recovery and skewed macroeconomic policy mix in advanced economies are complicating policymaking in emerging market economies. Chapter 3 examines the prospects for inflation, particularly because inflation was remarkably stable in the...

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...

Activity is slowing down temporarily, and downside risks have increased again. The global expansion remains unbalanced. Growth in many advanced economies is still weak, considering the depth of the recession. In addition, the mild slowdown observed in the second quarter of 2011 is not reassuring

This paper highlights that following a small decline in world output in 1991, growth will recover to about 11⁄2 percent in 1992 before gaining more momentum in 1993. There were signs of recovery in some of those industrial economies that have been in recession, but some other countries...

This paper highlights that the world economic condition improved significantly during 1988. In industrial countries, output growth strengthened markedly in an environment of moderate inflation. World trade expanded at its fastest rate since 1984, which had important spillover effects on many...

This paper highlights that the growth of world economic activity in 1991 is expected to fall to a scant 1 percent, the lowest in any year since 1982, when the industrial economies were in recession. The slowdown in the expansion of world trade would be considerably more pronounced. Output growth...

The World Economic Outlook (WEO) presents the IMF’s leading economists’ analyses of global economic developments during the near and medium terms. It is a respected, one-stop, trusted resource offering remarkable insight, balance, and perspective to decision makers and policymakers...

This paper highlights that world economic activity showed signs of revival in the first half of 1992 as some major economies slowly began to emerge from the cyclical downturns of 1990–91. During the next 12 months, world growth is expected to continue to recover at a moderate pace. Following...

This paper highlights that the performance of the world economy in the first half of 1988 has been considerably more satisfactory than was expected in the wake of the sharp stock market decline in October 1987. Output in industrial countries has grown strongly, world trade has been robust, and...