IMF Staff Position Notes

Fiscal Implications of the Global Economic and Financial Crisis

Publication Date:

June 9, 2009

Electronic Access:

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Summary:

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.

Series:

Staff Position Note No. 2009/013

Subject:

Economic sectors Expenditure Financial sector Fiscal policy Fiscal stance Labor Pension spending Pensions Public debt