World Economic Outlook, April 2009: Crisis and Recovery

Author/Editor: International Monetary Fund. Research Dept.
Publication Date: April 22, 2009
Electronic Access: Link to Table of Contents

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Summary: This edition of the World Economic Outlook explores how a dramatic escalation of the financial crisis in September 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. It presents economic projections for 2009 and 2010, and also looks beyond the current crisis, considering factors that will shape the landscape of the global economy over the medium term, as businesses and households seek to repair the damage. The analysis also outlines the difficult policy challenges presented by the overwhelming imperative to take all steps necessary to restore financial stability and revive the global economy, and the longer-run need for national actions to be mutually supporting. The first of two analytical chapters, "What Kind of Economic Recovery?" explores the shape of the eventual recovery. The second, "The Transmission of Financial Stress from Advanced to Emerging and Developing Economies," focuses on the role of external financial linkages and financial stress in transmitting economic shocks.
Series: World Economic Outlook
Frequency: Biannually
Subject(s): Crisis prevention | Economic recovery | Economic recession | Economic growth | Emerging markets | Financial sector | Financial crisis | Globalization | Monetary policy | Fiscal policy

Author's Keyword(s): economic growth | financial crisis | recovery | recession | financial crisis | WEO
Notes Full text also available in Arabic, Chinese, French, Russian, and Spanish.
Publication Date: April 22, 2009 Edition: Crisis and Recovery
ISBN/ISSN: 978-1-58906-806-3 / 0256-6877 Format: Paper
Stock No: WEOEA2009001 Pages: 104
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