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    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)

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