Front Cover -- Contents -- Acknowledgments -- Abbreviations -- Key Messages -- Overview -- Analytical strategy -- The nature of the impact -- The preconditions of the fallout -- Looking ahead: A tale of two futures -- Notes -- References -- 1. Prelude -- Mashreq: A timeline retrospective --...

Economic activity in most developing countries has, or is close to having, recovered. Supported by resurgence in international and domestic financial flows and higher commodity prices, most of the spare capacity in developing countries that was created by the crisis has been reabsorbed, and...

The year began on a positive note. A marked improvement in market sentiment, combined with monetary policy easing in developing countries, was reflected in a rebound in economic activity in both developing and advanced countries. Industrial production, trade and capital goods sales all returned...