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CHAPTER 2 Emerging from the Crisis—Prospects and Macroeconomic Challenges

CHAPTER 2 Emerging from the Crisis—Prospects and Macroeconomic Challenges »

Source: Emerging from the Global Crisis : Macroeconomic Challenges Facing Low-Income Countries

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2011

ISBN: 9781616350734

Keywords: Economic growth, Low-income developing countries, Global Financial Crisis 2008-2009, public debt, current account, fiscal policy, exchange rate, current account deficits

LICs’ economic recovery is projected to be faster and more aligned with the rest of the world than in previous crises, although the pace of recovery will vary...

CHAPTER 1 How Have LICs Coped with the Crisis?

CHAPTER 1 How Have LICs Coped with the Crisis? »

Source: Emerging from the Global Crisis : Macroeconomic Challenges Facing Low-Income Countries

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2011

ISBN: 9781616350734

Keywords: Economic growth, Low-income developing countries, Global Financial Crisis 2008-2009, public debt, current account, fiscal policy, exchange rate, current account deficits

Unlike in previous downturns, when terms-of-trade shocks and high interest rates played a key role, this crisis affected LICs mainly through a sharp contractio...

Emerging from the Global Crisis
			: Macroeconomic Challenges Facing Low-Income Countries

Emerging from the Global Crisis : Macroeconomic Challenges Facing Low-Income Countries »

Volume: 11

Series: Departmental Papers / Policy Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 February 2011

DOI: http://dx.doi.org/10.5089/9781616350734.087

ISBN: 9781616350734

Keywords: Economic growth, Low-income developing countries, Global Financial Crisis 2008-2009, public debt, current account, fiscal policy, exchange rate, current account deficits

Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer coun...