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World Economic and Financial Surveys Series

This series contains periodic studies covering monetary and financial issues of importance to the world economy. The core elements in the series are the semiannual World Economic Outlook report, the Global Financial Stability Report (GFSR) and the Regional Economic Outlook report. Other studies cover such topics as developments in international trade policies, export credit policies and payment systems, and international financial markets.

November 27, 2014
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2014

Regional Economic Outlook: Middle East and Central Asia, October 2014 -- Table of Contents

Description: The Regional Economic Outlook: Middle East and Central Asia (REO) is prepared annually by the IMF's Middle East and Central Asia Department (MCD). The analysis and projections contained in the MCD REO are integral elements of the department's surveillance of economic developments and policies in 31 member countries. It draws primarily on information gathered by MCD staff through their consultations with member countries...
Date: October 27, 2014

Regional Economic Outlook: Sub-Saharan Africa - Staying the Course, October 2014 -- Table of Contents

Description: IMF Regional Economic Outlook: Staying the Course, October 2014 -- Table of Contents...
Date: October 20, 2014

Regional Economic Outlook: Western Hemisphere, October 2014 -- Table of Contents

Description: These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in the regions, and discuss key challenges faced by policymakers. They address regional policy developments and challenges, and provide country-specific data and analysis, including through analytical pieces on issues of interest to a particular region.
Date: October 10, 2014

Regional Economic Outlook: Middle East and Central Asia, Update

Description: ... World Economic and Financial Surveys. ...
Date: May 06, 2014

Central, Eastern and Southeastern Europe; Regional Economic Issues, April 2014

Description: Central, Eastern and Southeastern Europe; Regional Economic Issues, April 2014...
Date: April 29, 2014

Regional Economic Outlook: Asia and Pacific - Sustaining the Momentum: Vigilance and Reforms, April 2014 -- Table of Contents

Description: IMF Regional Economic Outlook: Asia and Pacific, April 2014 -- table of Contents...
Date: April 28, 2014

Regional Economic Outlook: Sub-Saharan Africa - Fostering Durable and Inclusive Growth, April 2014 -- Table of Contents

Description: IMF Regional Economic Outlook: Fostering Durable and Inclusive Growth, April 2014 -- Table of Contents...
Date: April 24, 2014

Regional Economic Outlook: Western Hemisphere Hemisphere Department

Description: IMF Regional Economic Outlook: Western Hemisphere Department...
Date: April 24, 2014

IMF Global Financial Stability Report (GFSR) -- April 2014 -- Table of Contents

Description: The April 2014 Global Financial Stability Report (GFSR) assesses the challenging transitions that the global financial system is currently undergoing on the path to greater stability. Chapter 1 finds that these transitions are far from complete, and stability conditions are far from normal. For advanced and emerging market economies alike, a successful shift from liquidity-driven to growth-driven markets requires a number of elements. The report discusses these elements, including: a normalization of U.S. monetary policy that avoids financial stability risks; financial rebalancing in emerging market economies amid tighter external financial conditions and higher corporate debt levels; further progress in the euro area’s transition from fragmentation to robust integration; and the successful implementation of Abenomics in Japan to deliver sustained growth and stable inflation. Chapter 2 examines the role of the composition of the investor base and local financial systems for the stability of emerging market portfolio flows and asset prices. Chapter 3 looks at the issue of too-important-to-fail and provides new estimates of the implicit funding subsidy received by systemically important banks.
Date: March 31, 2014



2013

Regional Economic Outlook: Middle East and Central Asia, November 2013 -- Table of Contents

Description: ... World Economic and Financial Surveys. Regional Economic Outlook: Middle
East and Central Asia. November 2013 © International Monetary Fund. ...
Date: November 11, 2013

Regional Economic Outlook: Sub-Saharan Africa - Keeping the Pace, October 2013 -- Table of Contents

Description: IMF Regional Economic Outlook: Keeping the Pace, October 2013 -- Table of Contents...
Date: October 31, 2013

Central, Eastern and Southeastern Europe; Regional Economic Issues, October 2013 - Table of contents

Description: Central, Eastern and Southeastern Europe; Regional Economic Issues, October 2013 - Table of contents...
Date: October 17, 2013

Regional Economic Outlook Update: Western Hemisphere Hemisphere Department

Description: IMF Regional Economic Outlook Update: Western Hemisphere Department...
Date: October 11, 2013

IMF Global Financial Stability Report (GFSR) -- October 2013 -- Table of Contents

Description: The October 2013 Global Financial Stability (GFSR) Report examines current risks facing the global financial system as it undergoes a series of transitions along the path toward greater financial stability. The United States may soon move to less accommodative monetary policies and higher long-term interest rates as its recovery gains ground. Emerging markets face a transition to more volatile external conditions and higher risk premiums. Japan is moving toward the new “Abenomics” policy regime, and the euro area is moving toward a more robust and safer financial sector. Finally, the global banking system is phasing in stronger regulatory standards. Chapter 1 examines the challenges and risks of each of these transitions. Chapter 2 looks at efforts by policymakers to revive weak credit growth, which has been seen by many as a primary reason behind the slow economic recovery. The chapter argues that policies are most effective if they target the constraints that underlie the weakness in credit. But it cautions policymakers to be aware of the fiscal costs and implications for financial stability of credit-supporting policies. Chapter 3 examines how banking funding structures matter for financial stability and the potential impact of various regulatory reforms. It concludes that careful implementation of reform efforts are important to ensure that financial stability benefits are realized.
Date: October 09, 2013

Regional Economic Outlook: Middle East and Central Asia, Update

Description: ... World Economic and Financial Surveys. ...
Date: May 20, 2013

Regional Economic Outlook: Sub-Saharan Africa - Building Momentum in a Multi-Speed World, May 2013 -- Table of Contents

Description: IMF Regional Economic Outlook: Building Momentum in a Multi-Speed World, May 2013 -- Table of Contents...
Date: May 10, 2013

Regional Economic Outlook: Western Hemisphere Hemisphere Department

Description: IMF Regional Economic Outlook: Western Hemisphere Department...
Date: May 06, 2013

Regional Economic Outlook: Asia and Pacific - Shifting Risks, New Foundations for Growth, April 2013 -- Table of Contents

Description: IMF Regional Economic Outlook: Asia and Pacific, April 2013 -- table of Contents...
Date: April 29, 2013

Central, Eastern and Southeastern Europe; Regional Economic Issues, April 2013 - Table of contents

Description: Central, Eastern and Southeastern Europe; Regional Economic Issues, April 2013 - Table of contents...
Date: April 26, 2013

IMF Global Financial Stability Report (GFSR) -- April 2013 -- Table of Contents

Description: The April 2013 Global Financial Stability Report (GFSR) examines current risks facing the global financial system and policy actions that may mitigate these. The April 2013 report analyzes the key challenges facing financial and nonfinancial firms as they continue to repair their balance sheets and unwind public and private debt overhangs. Chapter 1 also examines short- and medium-term stability risks in the euro area and the vulnerability of emerging market economies to persistent capital inflows. Chapter 2 takes a closer look at whether sovereign credit default swaps markets are good indicators of sovereign credit risk. Chapter 3 reports on unconventional monetary policy in some depth, including the policies pursued by the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank, and the U.S. Federal Reserve.
Date: April 17, 2013



2012

Regional Economic Outlook: Middle East and Central Asia, November 2012 -- Table of Contents

Description: ... World Economic and Financial Surveys. Regional Economic Outlook:
Middle East and Central Asia. November 2012 ©2012 ...
Date: November 11, 2012

Regional Economic Outlook: Sub-Saharan Africa - Maintaining Growth in an Uncertain World, October 2012 -- Table of Contents

Description: IMF Regional Economic Outlook: Sub-Saharan Africa - October 2012 -- Table of Contents...
Date: October 12, 2012

Regional Economic Outlook Update: Western Hemisphere Hemisphere Department

Description: IMF Regional Economic Outlook Update: Western Hemisphere Department...
Date: October 12, 2012

Restoring Confidence and Progressing on Reforms -- IMF Global Financial Stability Report (GFSR) -- October 2012 -- Table of Contents

Description: The October 2012 Global Financial Stability Report (GFSR) finds increased risks to the global financial system, with the euro area crisis the principal source of concern. The report urges policymakers to act now to restore confidence, reverse capital flight, and reintegrate the euro zone. In both Japan and the United States, steps are needed toward medium-term fiscal adjustment. Emerging market economies have successfully navigated global shocks thus far, but need to guard against future shocks while managing a slowdown in growth. This GFSR also examines whether regulatory reforms are moving the financial system in the right direction, and finds that progress has been limited, partly because many reforms are in the early stages of implementation and partly because crisis intervention methods are still in use in a number of economies, delaying the movement of the financial system onto a safer path. The final chapter assesses whether certain aspects of financial structure enhance economic outcomes. Indeed, some structural features are associated with better outcomes. In particular, financial buffers made up of high-quality capital and truly liquid assets tend to be associated with better economic performance.
Date: October 10, 2012

Regional Economic Outlook: Asia and Pacific - Managing Spillovers and Advancing Economic Rebalancing, April 2012 -- Table of Contents

Description: IMF Regional Economic Outlook: Asia and Pacific, April 2012 -- table of Contents...
Date: April 27, 2012

Regional Economic Outlook: Western Hemisphere - Rebuilding Strength and Flexibility, April 2012 -- Table of Contents

Description: IMF Regional Economic Outlook: Western Hemisphere - April 2012 -- Table of Contents...
Date: April 25, 2012

Regional Economic Outlook: Sub-Saharan Africa - Sustaining Growth amid Global Uncertainty, April 2012 -- Table of Contents

Description: IMF Regional Economic Outlook: Sub-Saharan Africa - April 2012 -- Table of Contents...
Date: April 25, 2012

Regional Economic Outlook: Middle East and Central Asia, Update

Description: ... World Economic and Financial Surveys. Regional Economic Outlook
Update: Middle East and Central Asia. April 2012 ©2012 ...
Date: April 20, 2012

The Quest for Lasting Stability -- IMF Global Financial Stability Report (GFSR) -- April 2012 -- Table of Contents

Description: The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations -- April 2012.
Date: April 11, 2012



2011

Regional Economic Outlook: Middle East and Central Asia, October 2011 -- Table of Contents

Description: ... World Economic and Financial Surveys. Regional Economic Outlook:
Middle East and Central Asia. October 2011 ©2011 ...
Date: October 26, 2011

Regional Economic Outlook: Sub-Saharan Africa - Sustaining the Expansion, October 2011 -- Table of Contents

Description: IMF Regional Economic Outlook: Sub-Saharan Africa - October 2011 -- Table of Contents...
Date: October 19, 2011

Regional Economic Outlook: Asia and Pacific - Navigating an Uncertain Global Environment While Building Inclusive Growth, October 2011 -- Table of Contents

Description: IMF Regional Economic Outlook: Asia and Pacific, October 2011 -- table of Contents...
Date: October 13, 2011

Regional Economic Outlook: Western Hemisphere - Shifting Winds, New Policy Challenges, October 2011 -- Table of Contents

Description: IMF Regional Economic Outlook: Western Hemisphere - October 2011 -- Table of Contents...
Date: October 05, 2011

Regional Economic Outlook: Europe - Navigating Stormy Waters, October 2011 -- Table of Contents

Description: IMF Regional Economic Outlook: Western Hemisphere - October 2011 -- Table of Contents...
Date: October 05, 2011

IMF World Economic Outlook (WEO) - Slowing Growth, Rising Risks, September 2011 -- Table of Contents

Description: IMF World Economic Outlook (WEO), September 2011 -- table of Contents...
Date: September 21, 2011

Grappling with Crisis Legacies: IMF Global Financial Stability Report (GFSR) -- September 2011 -- Table of Contents

Description: The September 2011 issue of the Global Financial Stability Report cautions that the risks to global financial stability have increased substantially in recent months, during which heavy public debt burdens and weak growth prospects in many advanced economies combined with a series of shocks to the global financial system. Emerging markets, despite brighter growth prospects, face the risk of sharp reversals and so must guard against the buildup of financial vulnerabilities. Moreover, says the Report, as the crisis has moved into its fifth year, it has entered a new phase in which political differences within and across economies are impeding progress to address the legacies of the crisis. The Report examines how the ongoing low interest rate environment and high uncertainty are driving the asset allocations of long-term, real-money institutional investors, and finds that such investors have moved toward safety and liquidity. As part of its continuing role to find ways of avoiding future crisis, the Report looks at variables that can act as advance indicators of financial crisis and examines how the use of countercyclical capital buffers can help to dampen destabilizing cycles.
Date: September 13, 2011

Regional Economic Outlook: Sub-Saharan Africa, April 2011 -- Table of Contents

Description: Sub-Saharan Africa's economic recovery is well under way, although among country groups there is variation in the speed of the recovery. In most of the region's low-income countries and among the seven oil exporters growth is almost back to precrisis levels. However, in the region's middle-income countries, including South Africa, the recovery has been more gradual. This Regional Economic Outlook describes the impact of recent economic developments---sharp increases in food and fuel prices will need fiscal interventions targeting the poor, while higher oil prices will be a boon to some countries and adversely affect others. Policy adjustments are needed to move away from the supportive stance of the last few years but should be balanced against the need to alleviate the impact of rising food prices on poor households.
Date: May 03, 2011

Regional Economic Outlook: Asia and Pacific, April 2011 -- Table of Contents

Description: The April 2011 issue of the Regional Economic Outlook: Asia and Pacific focuses on the policy challenges of managing the next phase of growth after Asia's recovery from the global crisis. The analytical chapters discuss how capital flows to the region may affect the monetary policy transmission mechanism and the role of macroprudential measures in this context, the implications of the Asian supply chain for rebalancing growth across the region, and the policy challenges for Asian low-income and Pacific Island countries. Economic recovery in Asia as a whole has been rapid (8.3 percent in 2010) and fueled by both exports and domestic demand. Looking ahead, growth is expected to continue at a more moderate but also more sustainable pace in 2011 and 2012, led by China and India. Meanwhile, new risks to the outlook have emerged. The full human cost and impact on infrastructure of the mid-March earthquake and tsunami in Japan remain to be determined. The steady response of the Japanese government and people has helped to contain the effects of the disaster on production, but a risk remains of prolonged disruptions in production that could spill over to other Asian economies in the regional supply chain. Moreover, tensions in the Middle East and North Africa and related risk of further oil price spikes could disrupt global growth and affect Asian exports. Finally, pockets of overheating have emerged in Asia, as core inflation and credit growth have accelerated in several...
Date: April 28, 2011

Regional Economic Outlook: Middle East and Central Asia, October 2010 -- Table of Contents

Description: The October 2010 Regional Economic Outlook: Middle East and Central Asia reports on the regional implications of the global economic recovery and presents key policy challenges and recommendations. With the rebound in crude oil prices and production, the oil-exporting countries of the Middle East and North Africa will see visible improvements in their fiscal and external balances in 2010–11. Going forward, further efforts at financial sector development and economic diversification top the agenda. The region’s oil-importing countries, which include Afghanistan and Pakistan, have weathered the global recession well. Pakistan, however, suffered from devastating floods in July/August, which will hold back growth this year. The overriding longer-term challenges for these countries are to raise growth and provide jobs for expanding populations. In the Caucasus and Central Asia, recovery has gained momentum in virtually all countries, aided by the lagged effect of fiscal stimulus and a favorable external environment. Exports are picking up, and remittances are rebounding, though at a slowing pace. Despite the broadly positive outlook, however, risks are largely on the downside. A priority is to resolve banking sector problems and, in some countries, to reduce external debt and current account deficits.
Date: April 27, 2011

IMF Global Financial Stability Report (GFSR) -- Durable Financial Stability: Getting There from Here; April 2011 -- Contents

Description: GFSR April 2011: Despite ongoing economic recovery and improvements in global financial stability, structural weaknesses and vulnerabilities remain in some important financial systems. The April 2011 Global Financial Stability Report highlights how risks have changed over the past six months, traces the sources and channels of financial distress with an emphasis on sovereign risk, notes the pressures arising from capital inflows in emerging economies, and discusses policy proposals under consideration to mend the global financial system.
Date: April 13, 2011

IMF World Economic Outlook (WEO) - Tensions from the Two-Speed Recovery: Unemployment, Commodities, and Capital Flows, April 2011 -- Table of Contents

Description: IMF World Economic Outlook (WEO), April 2011 -- table of Contents...
Date: April 11, 2011



2010

Regional Economic Outlook: Sub-Saharan Africa, October 2010 -- Resilience and Risks

Description: The October 2010 Regional Economic Outlook features: (i) an overview of economic developments and prospects in sub-Saharan Africa; (ii) an analytical assessment of how monetary policy changes are transmitted through the region’s economies; and (iii) a study of why growth rates in the West African Economic and Monetary Union (WAEMU) have lagged behind other parts of sub-Saharan Africa. The overview highlights the broad-based economic recovery that is now under way in sub-Saharan Africa and projects growth of 5 percent in 2010 and 5½ percent in 2011. It explores the resilience of most economies in the region to the global financial crises of 2007-09 and explains why sound economic policy implementation and a growing orientation of trade toward Emerging Asia are expected to continue to underpin growth. The second chapter provides evidence suggesting that monetary policy may have more power to influence monetary conditions than previously assumed. Main messages from the WAEMU study are the importance of strong policy environments and political stability for achieving sustained growth; and of robust fiscal frameworks for directing resources towards priority spending needs.
Date: October 25, 2010

Regional Economic Outlook: Middle East and Central Asia, October 2010 -- Table of Contents

Description: The October 2010 Regional Economic Outlook: Middle East and Central Asia reports on the regional implications of the global economic recovery and presents key policy challenges and recommendations. With the rebound in crude oil prices and production, the oil-exporting countries of the Middle East and North Africa will see visible improvements in their fiscal and external balances in 2010–11. Going forward, further efforts at financial sector development and economic diversification top the agenda. The region’s oil-importing countries, which include Afghanistan and Pakistan, have weathered the global recession well. Pakistan, however, suffered from devastating floods in July/August, which will hold back growth this year. The overriding longer-term challenges for these countries are to raise growth and provide jobs for expanding populations. In the Caucasus and Central Asia, recovery has gained momentum in virtually all countries, aided by the lagged effect of fiscal stimulus and a favorable external environment. Exports are picking up, and remittances are rebounding, though at a slowing pace. Despite the broadly positive outlook, however, risks are largely on the downside. A priority is to resolve banking sector problems and, in some countries, to reduce external debt and current account deficits.
Date: October 24, 2010

Regional Economic Outlook - Asia and Pacific: Consolidating the Recovery and Building Sustainable Growth

Description: One year after the deepest recession in recent history, Asia is leading the global recovery. The Regional Economic Outlook: Asia and Pacific discusses the near-term outlook for the region, as well as the medium-term policy challenges that countries face. As in many emerging and developing markets, Asia rebounded swiftly during 2009 and in the first quarter of 2010, and in the near term the region is expected to continue leading the global recovery. In the medium term, the global crisis has highlighted the importance for Asia of ensuring that private domestic demand becomes a more prominent engine of growth.
Date: October 21, 2010

Regional Economic Outlook: Europe -- Building Confidence, October 2010 -- Table of Contents

Description: The recovery in Europe continues, supported by strong policy action to contain sovereign debt problems in the euro area. In advanced Europe, lingering uncertainties and market pressures make for moderate and unequal growth, creating challenges for macroeconomic and financial sector policies. The REO also sheds light on the governance issues revealed by the crisis, arguing that better policy frameworks, in particular at the euro area level, promise a stronger Europe. For the first time, the REO devotes a separate chapter to the outlook for emerging Europe, where, after a deep recession, an export-led recovery is under way. However, the rebound is uneven across the region, and policymakers face the difficult challenge of dealing with the legacies of the crisis, while not hurting the recovery. Beyond the short term, the REO argues that the region will need to find new growth engines, as the capital inflows-driven and credit-fueled domestic demand boom needs to give way to more balanced growth. Indeed, the REO emphasizes that active fiscal policy and coordinated prudential measures are key to avoiding a repeat of the boom-bust cycle the region has just endured.
Date: October 20, 2010

Regional Economic Outlook: Western Hemisphere - Heating Up in the South, Cooler in the North, October 2010 -- Table of Contents

Description: Heating Up in the South, Cooler in the North...
Date: October 18, 2010

IMF Global Financial Stability Report (GFSR) -- Sovereigns, Funding, and Systemic Liquidity; October 2010 -- Contents

Description: October 2010: The global financial system is still in a period of significant uncertainty and remains the Achilles’ heel of the economic recovery. Although the ongoing recovery is expected to result in a gradual strengthening of balance sheets, progress toward financial stability has experienced a setback since the April 2010 GFSR. The current report highlights how risks have changed over the last six months, traces the sources and channels of financial distress with an emphasis on sovereign risk, and provides a discussion of policy proposals under consideration to mend the global financial system.
Date: September 29, 2010

Regional Economic Outlook: Middle East and Central Asia, May 2010 -- Table of Contents

Description: The May 2010 Regional Economic Outlook: Middle East and Central Asia reports on the implications for the region of global economic developments and presents key policy challenges and recommendations. A resumption of capital inflows and the rebound in crude oil prices have aided the recovery in the oil-exporting countries of the Middle East and North Africa. The group of oil-importing countries is expected to show marginal increase in growth in response to a pickup in trade, investment, and bank credit. A key challenge for these countries is to enhance competitiveness to raise growth rates and generate employment. In the Caucasus and Central Asia, exports have begun to pick up, the decline in remittances appears to be slowing or reversing, and capital inflows have turned positive. For 2010, a recovery across the region is projected as the global economy, and in particular Russia, picks up speed. Overall, prospects for the region are improving and the regional impact of the Dubai crisis and events in Greece has been limited so far. Nevertheless, a repricing of sovereign debt cannot be excluded, adding a degree of uncertainty to the outlook.
Date: May 25, 2010

Regional Economic Outlook: Europe -- Fostering Sustainability, May 2010 -- Table of Contents

Description: A weak and uneven recovery is underway in Europe. Macroeconomic policies still support the upswing and extraordinary measures are underway to address the sovereign crisis. Now policymakers face the difficult balancing act between continuing their support for the economy and establishing a credible path to policy normalization. Priorities are large medium-term fiscal consolidations and, in the financial area, a shift from systemic support to interventions in individual financial institutions. Structural weaknesses also need to be addressed, including the revamping of financial sector regulation and supervision, improvements in the functioning of products and labor markets, and filling gaps in the euro area’s fiscal governance. For emerging Europe, policies that facilitate a reorientation of the sources of growth toward the export sector and attract healthy capital inflows are key conditions to restart income convergence.
Date: May 11, 2010

Regional Economic Outlook: Western Hemisphere - Title, May 2010 -- Table of Contents

Description: A multispeed global recovery is under way, with some emerging markets in the lead and the major advanced economies growing more slowly. This macroeconomic setting has brought a return to easy global financial conditions and high commodity prices—a situation likely to be sustained for some time but unlikely to be permanent. Against that external backdrop, the recovery in the Latin America and Caribbean region overall is advancing faster than anticipated, but moving at different speeds across countries. The report discusses the varying policy challenges that different countries face as the global recovery proceeds. Chapter 1 analyzes the global setting and the outlook for the United States and Canada in particular, while Chapter 2 focuses on the outlook for Latin America and the Caribbean. Chapter 3 looks in depth at the challenges arising from the return of easy external financial conditions. Together with high commodity prices, such conditions represent favorable “tailwinds” for many countries of the region, but also carry risks for policymakers to address.
Date: May 04, 2010

Regional Economic Outlook: Asia and Pacific, April 2010 -- Table of Contents

Description: One year after the deepest recession in recent history, Asia is leading the global recovery. The Regional Economic Outlook: Asia and Pacific discusses the near-term outlook for the region, as well as the medium-term policy challenges that countries face. As in many emerging and developing markets, Asia rebounded swiftly during 2009 and in the first quarter of 2010, and in the near term the region is expected to continue leading the global recovery. In the medium term, the global crisis has highlighted the importance for Asia of ensuring that private domestic demand becomes a more prominent engine of growth.
Date: April 29, 2010

Regional Economic Outlook: Sub-Saharan Africa, April 2010 -- Table of Contents

Description: The economic slowdown in sub-Saharan Africa looks set to be mercifully brief. Recovery is now under way across the region. The region’s relative resilience during this global recession, compared with previous global downturns, owes much to the health of its economies and the strengthening of policy frameworks in the run-up to the crisis. Countercyclical macroeconomic policies played an important role, with nearly two-thirds of those sub-Saharan Africa countries that experienced a slowdown in 2009 increasing government spending to buttress economic activity. However, progress toward the Millennium Development Goals receded. Middle-income and oil-exporting countries were hit hardest by the collapse in world trade and commodity markets; the region’s low-income countries escaped fairly lightly. Looking ahead, fiscal policies in sub-Saharan Africa generally need to be refocused toward medium-term objectives, macroeconomic policy buffers rebuilt, and financial systems strengthened. Published biannually in May and October.
Date: April 23, 2010

IMF World Economic Outlook (WEO) - Rebalancing Growth, April 2010 -- Table of Contents

Description: The global economic recovery is progressing better than expected, but the speed of recovery varies, as outlined in the April 2010 World Economic Outlook. Some economies, notably in Asia, are off to a strong start, but growth in others is constrained by lasting damage to the financial sector and household balance sheets. The challenge for policymakers is to ensure a smooth transition of demand, while maintaining supports that promote growth and employment. There is also a need to contain and reduce public debt and repair and reform the financial sector. This issue of the WEO also explores two other key challenges in the wake of the Great Recession: how to spur job creation in the face of likely high and persistent unemployment in advanced economies, and how economies that previously ran large current account surpluses or deficits can promote growth by rebalancing external and domestic demand...Table of Contents...
Date: April 14, 2010

IMF Global Financial Stability Report -- Meeting New Challenges to Stability and Building a Safer System -- April 2010; Contents

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Surveys Global Financial Stability Report. Meeting ...
Date: April 12, 2010



2009

Regional Economic Outlook: Western Hemisphere - Stronger Fundamentals Pay Off, May 2009 -- Table of Contents

Description: The impact of the global financial crisis and recession on the Latin America and Caribbean region was substantial, but the worst is over for most countries. The region avoided falling into a crisis of its own, performing relatively well amid strong external shocks. Many countries have now returned to growth. The region now faces the challenge of adapting to a new global environment that will not be as favorable as in the past. The report explores the lessons and policy agenda emerging from the recent performance of the Latin America and Caribbean region, drawing also on the broader international experience.
Date: October 21, 2009

Regional Economic Outlook: Middle East and Central Asia, October 2009 -- Table of Contents

Description: The global economic crisis has taken a toll on the Middle East and Central Asia region, but appropriate policy responses have helped mitigate the impact. Looking ahead, the region’s oil exporters are expected to benefit from rising oil prices as the world economy begins to pull out of an unparalleled post-World War II recession. Oil importers, however, are likely to continue to face continued headwinds that may delay an uptake in growth. Where feasible, countries should continue to support domestic demand to lessen the impact of the crisis on the poor while maintaining a focus on debt sustainability. For the region’s low-income countries, higher donor support will be needed to maintain economic development. Across the region, governments should further strengthen financial systems and be careful not to lose momentum on structural reforms. Published biannually in May and October.
Date: October 11, 2009

Regional Economic Outlook: Sub-Saharan Africa, October 2009 -- Table of Contents

Description: Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.
Date: October 03, 2009

Regional Economic Outlook: Europe -- Securing Recovery, October 2009 -- Table of Contents

Description: Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a durable upswing and address the threats to potential growth from the crisis and the continent's well-known structural rigidities. The report's analytical work stresses the uncertainty surrounding potential growth estimates, and the more volatile environment faced by emerging economies in a tightly integrated region. In the near term, this calls for measures to restore the financial sector to health and for continued macroeconomic support, while preparing for the exit from extraordinary interventions in a coordinated and transparent fashion. Higher longer-term growth through structural change will support the recovery, smooth the exit, and help emerging markets to adjust to lower capital inflows in the crisis' aftermath. Published biannually in May and October.
Date: October 03, 2009

IMF Global Financial Stability Report -- Navigating the Financial Challenges Ahead -- October 2009 -- Contents

Description: This GFSR chronicles the evolution of the path toward reestablishing sound credit intermediation and the near-term risks that could interrupt its restoration, including the rising burden of sovereign financing. The report addresses how to restart securitization markets and the pitfalls if done improperly. The effectiveness of unconventional public sector interventions and the principles for disengagement are discussed. The report also discusses the design of medium-term policies that aim to reshape the financial system to make it more resilient and stable.
Date: September 30, 2009

IMF World Economic Outlook (WEO) - Sustaining the Recovery, October 2009 -- table of contents

Description: After a deep recession, global economic growth has turned positive, driven by wide-ranging, coordinated public intervention that has supported demand and reduced uncertainty and systemic risk in financial markets. Table of content...
Date: September 22, 2009

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