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International Monetary Fund. Research Dept.

Abstract

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and economics in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

International Monetary Fund. Research Dept.

Abstract

El informe sobre las Perspectivas de la economía mundial, publicado dos veces al año en inglés, francés, español y árabe, presenta análisis realizados por economistas del cuerpo técnico del FMI sobre la evolución económica mundial a corto y mediano plazo. En los capítulos se presenta un panorama de la economía mundial; se consideran cuestiones que afectan a los países industriales y las economías en transición hacia un régimen de mercado y se abordan temas de actualidad. Anexos, recuadros, gráficos y un extenso apéndice estadístico complementan el texto.

International Monetary Fund. Research Dept.

Abstract

Les Perspectives de l'économie mondiale (PEM), publiées deux fois l'an en anglais, français, espagnol et arabe, présentent des analyses de l'évolution économique mondiale à court et moyen termes, préparées par les principaux économistes du FMI. Les divers chapitres donnent un tour d'horizon de l'économie mondiale, évoquent des questions qui touchent les pays industrialisés et ceux en transition vers une économie de marché, et abordent des thèmes d'actualité. Des annexes, des encadrés, des graphiques et un appendice statistique détaillé complètent le texte.

International Monetary Fund. Research Dept.

Abstract

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

International Monetary Fund. Research Dept.

Abstract

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and economics in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

International Monetary Fund. Research Dept.

Abstract

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and economics in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

International Monetary Fund. Research Dept.

Abstract

El informe sobre las Perspectivas de la economía mundial, publicado dos veces al año en inglés, francés, español y árabe, presenta análisis realizados por economistas del cuerpo técnico del FMI sobre la evolución económica mundial a corto y mediano plazo. En los capítulos se presenta un panorama de la economía mundial; se consideran cuestiones que afectan a los países industriales y las economías en transición hacia un régimen de mercado y se abordan temas de actualidad. Anexos, recuadros, gráficos y un extenso apéndice estadístico complementan el texto.

International Monetary Fund. Research Dept.

Abstract

Les Perspectives de l'économie mondiale (PEM), publiées deux fois l'an en anglais, français, espagnol et arabe, présentent des analyses de l'évolution économique mondiale à court et moyen termes, préparées par les principaux économistes du FMI. Les divers chapitres donnent un tour d'horizon de l'économie mondiale, évoquent des questions qui touchent les pays industrialisés et ceux en transition vers une économie de marché, et abordent des thèmes d'actualité. Des annexes, des encadrés, des graphiques et un appendice statistique détaillé complètent le texte.

International Monetary Fund. Research Dept.

Abstract

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and economics in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.

International Monetary Fund. Research Dept.

Abstract

Since late 2001, a global recovery has been under way, with trade and industrial production picking up across the globe. However, after a strong first quarter, concerns about the pace and sustainability of the recovery have risen significantly. Financial markets have weakened markedly, with equity markets falling sharply since end-March accompanied by a depreciation of the U.S. dollar; financing conditions for emerging markets have deteriorated, particularly in South America and Turkey; and incoming data in both the U.S. and the euro area have fallen short of expectations. The recovery is still expected to continue, but global growth in the second half of 2002 and in 2003 will be weaker than earlier expected (Figure 1.1 and Table 1.1), and the risks to the outlook are primarily on the downside. With inflationary pressures generally subdued, macroeconomic policies in advanced countries will now need to remain accommodative for longer than had earlier seemed necessary; if incoming data were to suggest that the recovery is faltering, additional monetary easing would need to be considered. Attention also needs to focus on policies to reduce dependence on the United States as the global engine of growth, and to support an orderly reduction in the global imbalances, which remain a serious risk to the world economy.