The Global Financial Crisis : Impact on WAEMU Member Countries and Policy Options

Author/Editor:

Hans Weisfeld ; Irene Yackovlev ; Johannes Mueller

Publication Date:

March 18, 2009

Electronic Access:

Free Full text (PDF file size is 807 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Most WAEMU countries are likely to see economic growth deteriorate over the next two years as a result of the global economic crisis, and some WAEMU countries will be more severely affected by the crisis than others. This could have a detrimental effect on efforts to reduce poverty. Deteriorating remittances and commodity export prices are projected to negatively affect the WAEMU countries’ external current account deficit and reserves, although the impact should be cushioned by positive terms-of-trade shocks, such as declining import prices for food and fuel products. These developments should also help lower inflation pressures, bringing WAEMU inflation closer to its historical level of about 2 percent by 2010.

Series:

Staff Position Note No. 2009/16

Subject:

Frequency:

Annually

English

Publication Date:

March 18, 2009

ISBN/ISSN:

9781455229017/2072-3202

Stock No:

SPNEA2009016

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

16

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