WORLD ECONOMIC AND FINANCIAL SURVEYS World Economic Outlook May 1993

A Survey by the Staff of the International Monetary Fund
©1993 International Monetary Fund

The World Economic Outlook presents the IMF staff’s analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF’s global surveillance activities.

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Contents
Assumptions and Conventions
Preface
Interim Committee Declaration on Cooperation   For sustained Global Expansion
Chapter I.   3,380k pdf file (Chaps. I&II)	Overview
	Industrial Countries   Developing Countries   Countries in Transition   Trade Policies
Chapter II.	World Economic Situation and Short-Term Prospects
	Activity and Employment   Inflation and Commodity Prices   Foreign Exchange and Financial Markets   External Payments, Financing, and Debt
Chapter III.   l,652k pdf file	Policies for Stronger Noninflationary Growth in Industrial Countries
	Stance of Monetary Policies   Reinvigorating Fiscal Consolidation   European Monetary Policy in the Transition to EMU   Structural Reform and Unemployment   Alternative Scenarios: Risks and Opportunities
Chapter IV.   3,011k pdf file (Chaps. IV,V,VI)	Convergence and Divergence in Developing Countries
	Growth in Developing Countries   Saving, Investment, and Productivity   Macroeconomic Stability   Structural Distortions and Government Intervention   Institutions and Human Capital   Medium-term Prospects
Chapter V.	Economic Stability and Transformation in Countries in Transitions
	Economic Transformation in Central Europe   Stabilization, Inter-Enterprise Arrears, and Structural    Change   in the Former Soviet Union   Monetary Arrangements and the Adoption of New    Currencies   Momentum for Reform
Chapter VI.	Trade as an Engine of Growth
	Trade and Growth in Industrial Countries   Outward-Oriented Growth Strategies in     Developing Countries   Importance of Trade for Countries in Transition   Extensions of the GATT Process   Trade Liberalization as a Strategy for World Growth
Annexes 1,823k pdf file	I. Monetary Policy, Financial Liberalization, and Asset Price Inflation Monetary Policy and Inflation Financial Liberalization and Monetary Policy Lessons for the 1990s   II. Medium-Term Baseline Projections and Alternative Scenarios   Baseline Scenario for Industrial Countries   Alternative Scenario for Industrial Countries   Baseline Scenario for Developing Countries   Alternative Scenario for Developing Countries   III. Regional Trading Arrangements   Evolution of Regional Arrangements   Economic Effects of Regional Arrangements   Performance of Regional Trade Arrangements   Regional Arrangements and Multilateral Trade   IV. Revised Weights for the World Economic Outlook   Market-Exchange-Rate-Based Weights Versus     PPP-Based Weights   Implications of PPP-Based Weights
Statistical Appendix 2550k pdf file	Assumptions Conventions Classification of Countries
	List of Tables   Output (Tables A1-A7)   Inflation (Tables A8-A13)   Financial Policies (Tables A14-A20)   Foreign Trade (Tables A21-A25)   Current Account Transactions (Tables A26-A31)   External Financing (Tables A32-A36)   External Debt and Debt Service (Tables A37-A42)   Flow of Funds (Table A43)