CHAPTER 2. COUNTRY AND REGIONAL PERSPECTIVES
- International Monetary Fund. Research Dept.
- Published Date:
- April 2008
As discussed in Chapter 1, a global slowdown in activity, led by a sharp downturn in the United States and the spreading crisis in financial markets, will create more difficult external conditions for all regions of the world. This chapter examines in more detail how different regions are likely to fare in this environment and the policy challenges that are likely to arise.1