Europe > Ireland
Abstract
Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade, according to Chapter 1 of this World Economic Outlook. World growth is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic financial markets are all upside developments. But structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term, remain important challenges. Chapter 2 examines how changes in external conditions may affect the pace of income convergence between advanced and emerging market and developing economies. Chapter 3 looks at the declining share of income that goes to labor, including the root causes and how the trend affects inequality. Overall, this report stresses the need for credible strategies in advanced economies and in those whose markets are emerging and developing to tackle a number of common challenges in an integrated global economy.
Abstract
The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Abstract
The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Abstract
La expansión mundial está perdiendo impulso en el contexto de una crisis financiera de gran envergadura. La desaceleración ha sido mayor en las economÃas avanzadas, sobre todo en Estados Unidos, donde la corrección del mercado inmobiliario continúa exacerbando las turbulencias. Hasta ahora, las economÃas emergentes y en desarrollo se han visto menos afectadas por los acontecimientos en los mercados financieros y han seguido creciendo a un ritmo acelerado, lideradas por China e India, aunque la actividad está comenzando a desacelerarse en algunos paÃses. Al mismo tiempo, el nivel general de inflación ha aumentado en todo el mundo, impulsado por el continuo repunte de los precios de los alimentos y la energÃa. En todo el mundo las autoridades se enfrentan a un conjunto de desafÃos de Ãndole diversa y en rápida evolución, y aunque las circunstancias de cada paÃs son diferentes, en un mundo cada vez más multipolar será esencial afrontar esos desafÃos de manera amplia, teniendo plenamente en cuenta las interacciones transfronterizas. En Perspectivas de la economÃa mundial se presentan análisis y proyecciones del personal técnico del FMI sobre la evolución económica a escala mundial, en grupos generales de paÃses (clasificados por región, grado de desarrollo, etc.) y en muchos paÃses individuales. El estudio se centra en las principales cuestiones de polÃtica económica y en el análisis de la evolución y las perspectivas de la economÃa. Este informe suele prepararse dos veces al año, como documentación para las reuniones del Comité Monetario y Financiero Internacional, y es el principal instrumento de las actividades de supervisión mundial que realiza el FMI.
Abstract
L'expansion mondiale ralentit face à une crise financière majeure. Le ralentissement est le plus marqué dans les pays avancés, en particulier aux États-Unis, où la correction du marché immobilier continue à exacerber les tensions financières. Les pays émergents et les pays en développement ont été moins touchés jusqu'à présent par les turbulences financières et ont continué d'enregistrer une croissance rapide, avec la Chine et l'Inde comme moteurs, bien que l'activité commence à ralentir dans certains pays. L'inflation non corrigée a augmenté dans le monde entier, en raison de la vigueur persistante des prix de l'alimentation et de l'énergie. Les pays du monde entier font face à divers problèmes qui changent rapidement, et, si les circonstances varient d'un pays à l'autre, il sera essentiel, dans un monde de plus en plus multipolaire, de s'attaquer à ces problèmes de manière globale, en tenant compte pleinement de l'interaction entre les pays. Les Perspectives de l’économie mondiale présentent l’analyse de l’évolution économique au niveau mondial et les projections des services du FMI, par grands groupes de pays (classés par région géographique, selon le stade de développement, etc.) ainsi que dans plusieurs pays individuels. Les rapports portent essentiellement sur les grandes questions économiques, ainsi que sur l’analyse de l’évolution et des perspectives économiques. Ils sont en général préparés deux fois par an, à titre de documentation de référence pour les réunions du Comité monétaire et financier international, et constituent le principal instrument des activités de la surveillance multilatérale du FMI.
Abstract
The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Abstract
The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.