I. The Near- and Medium-Term Fiscal Outlook.
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Language:
English
Print Publication Date:
13 May 2010
Keywords:
FM; economy; debt ratio; debt; emerging economy; reform; CDS market; financing needs; low-income economy; debt maturity; emerging market spread; Fiscal consolidation; Fiscal stance; Global; Africa; Europe; Eastern Europe; Sub-Saharan Africa; potential GDP; debt level; interest rate-growth differential; government debt ratios; GDP ratio; Deposit insurance

Abstract

1. While global activity is rebounding faster than projected earlier, the fiscal outlook is not improving commensurately. The overall fiscal deficit for the world is projected to decline from 6.7 percent of GDP in 2009 to 6 percent of GDP in 2010 (Table 1). However, this improvement is smaller than anticipated in November 2009 despite an upward revision in World Economic Outlook (WEO) growth projections (by 1.1 percentage points). This reflects an underlying deterioration in cyclically adjusted (CA; see Glossary) balances across all country groups.

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Cover Navigating the Fiscal Challenges Ahead
Navigating the Fiscal Challenges Ahead
ISBN:
9781455280490
ISSN:
2219-276X
Publication Date:
13 May 2010
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781455280490.089
Pages:
90

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