World Economic Outlook, October 2010 : Recovery, Risk, and Rebalancing

Author/Editor:

International Monetary Fund. Research Dept.

Publication Date:

October 6, 2010

Electronic Access:

Free Full text (PDF file size is 8576 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The recovery from the Great Recession is proceeding broadly as expected, but most advanced economies and a few emerging economies still face large adjustments, are recovering only sluggishly, and have continued high unemployment. By contrast, many emerging and developing economies are again seeing strong growth. A sustained, healthy global recovery rests on two rebalancing acts: internal rebalancing, with a strengthening of private demand in advanced economies, allowing for fiscal consolidation; and external rebalancing, with an increase in net exports in deficit countries and a decrease in net exports in surplus countries, notably emerging Asia. This edition of the World Economic Outlook examines the interactions between these two rebalancing acts and explores the policies required to support them. One of the two analytical chapters examines the effects on output and employment of fiscal consolidation in advanced economies using detailed budget data, and the other examines the collapse and recovery of trade in economies that have experienced crises.

Series:

World Economic Outlook

Notes:

Full text also available in Arabic, French and Spanish.

English

Publication Date:

October 6, 2010

ISBN/ISSN:

9781589069473/0256-6877

Stock No:

WEOEA2010002

Price:

$68.00 (Academic Rate:$60.00)

Format:

Paper

Pages:

279

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