The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and...

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...