2. Global Economic and Financial Developments
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
04 Oct 2012
Keywords:
AR; AREA; financing; country; economy; market; crisis; Emerging and frontier financial markets; Fiscal consolidation; Global

Abstract

After a major setback in late 2011, global economic prospects gradually improved in early 2012, but concerns over the strength of the recovery resurfaced in the second quarter. Stronger activity in the United States and policies in the euro area in response to its deepening economic crisis helped to address the sharp deterioration in financial conditions and boost market confidence in the first few months of 2012. However, downside risks remained elevated at the end of FY2012, and markets were jittery as concerns about sovereign debt in parts of Europe and pressure on the European banking sector resurfaced.

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Cover International Monetary Fund Annual Report 2012
International Monetary Fund Annual Report 2012
Working Together To Support Global Recovery
ISBN:
9781616354152
ISSN:
2227-8915
Publication Date:
04 Oct 2012
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781616354152.011
Pages:
76