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Cover IMF Staff Position Notes
Fiscal Implications of the Global Economic and Financial Crisis
International Monetary Fund
This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as information on fiscal stimulus and financial and industrial sector support gathered through mid-May. It follows the request by G-20 leaders for the Fund to assess regularly the actions taken by countries to address the global crisis and accelerate the recovery.
Keywords:
SPN; central bank; interest rate; output gap; financial support; net present value; government debt; GDP ratio; PPP GDP weight; stimulus package; PPP GDP-weighted averages; Fiscal stance; Pension spending; Financial sector; Pensions; Global; Africa