World Economic Outlook, April 2014: Recovery Strengthens, Remains Uneven

 
 
Publication Date: April 08, 2014
 
Electronic Access: Link to Table of Contents

Electronic Access: Free Full text (PDF file size is 8,256KB).
Use the free Adobe Acrobat Reader to view this PDF file

 
Summary: Global activity has broadly strengthened and is expected to improve further in 2014–15, according to the April 2014 WEO, with much of the impetus for growth coming from advanced economies. Although downside risks have diminished overall, lower-than-expected inflation poses risks for advanced economies, there is increased financial volatility in emerging market economies, and increases in the cost of capital will likely dampen investment and weigh on growth. Advanced economy policymakers need to avoid a premature withdrawal of monetary accommodation. Emerging market economy policymakers must adopt measures to changing fundamentals, facilitate external adjustment, further monetary policy tightening, and carry out structural reforms. The report includes a chapter that analyzes the causes of worldwide decreases in real interest rates since the 1980s and concludes that global rates can be expected to rise in the medium term, but only moderately. Another chapter examines factors behind the fluctuations in emerging market economies’ growth and concludes that strong growth in China played a key role in buffering the effects of the global financial crisis in these economies.
 
Series: World Economic and Financial Surveys
Frequency: Biannually

Notes Full text is also available in Russian.
 
English
Publication Date: April 08, 2014
ISBN/ISSN: 9781484308349/0256-6877 Format: Paper
Stock No: WEOEA2014001 Pages: 232
Price:
US$68.00
 
 
Please address any questions about this title to publications@imf.org