World Economic Outlook, April 2011: Tensions from the Two-Speed Recovery: Unemployment, Commodities, and Capital Flows

World Economic Outlook, April 11, 2011

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World Economic Outlook, April 2011: Tensions from the Two-Speed Recovery: Unemployment, Commodities, and Capital Flows

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Bibliographic details

• Published: April 11, 2011
• Series: World Economic Outlook
• DOI: https://doi.org/10.5089/9781616350598.081

Executive summary and global assessment

• Publication date: April 11, 2011.
• The recovery is gaining strength, but unemployment remains high in advanced economies.
• New macroeconomic risks are building in emerging market economies.
• In advanced economies, the handoff from public to private demand is advancing, reducing concerns that diminishing fiscal policy support might cause a “double-dip” recession.
• Financial conditions continue to improve, although they remain unusually fragile.
• In many emerging market economies, demand is robust and overheating is a growing policy concern.
• Rising food and commodities prices present new risks to the global economy.
• Two chapters directly explore these new challenges:
  • Chapter 3 reviews the potential impact of oil scarcity on global growth.
  • Chapter 4 explores the potential response of international capital flows to changes in the global macroeconomic environment.

Key themes and risks

• Unemployment
  • Unemployment remains high in advanced economies despite strengthening recovery.
• Commodities and inflation
  • Rising food and commodities prices introduce new risks to the global economy.
  • Oil scarcity is examined for its potential impact on global growth (Chapter 3).
• Capital flows and emerging markets
  • Robust demand in many emerging market economies raises overheating concerns.
  • Potential response of international capital flows to global macroeconomic changes is explored (Chapter 4).
• Financial conditions
  • Financial conditions are improving but are characterized as unusually fragile.
• Fiscal dynamics
  • The advancing handoff from public to private demand mitigates immediate double-dip recession risks tied to reduced fiscal support.

Publication metadata and identification

• Pages: 252
• Volume: 2011
• Issue: 001
• Series: World Economic Outlook No. 2011/001
• DOI: https://doi.org/10.5089/9781616350598.081
• Stock No: WEOEA2011001
• ISBN: 9781616350598
• ISSN: 0256-6877

Subjects and keywords (as listed)

• Subjects: Balance of payments, Capital flows, Commodities, Commodity prices, Emerging and frontier financial markets, Financial markets, Inflation, Oil, Oil prices, Prices
• Keywords: advanced economy, annex IMF executive board discussion, Asia and Pacific, Capital flows, Caribbean, Central America, Central and Eastern Europe, Commodity prices, core inflation, economy, EME policymaker, Emerging and frontier financial markets, Europe, flows to EME, Global, headline inflation, Inflation, Middle East, monetary policy response, North Africa, Oil, Oil prices, policy reform agenda, price, U.S. dollar, WEO

World Economic Outlook, April 2011: Tensions from the Two-Speed Recovery: Unemployment, Commodities, and Capital Flows (April 11, 2011).

References

• https://www.imf.org/en/publications/weo
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• Balance of payments
• Capital flows
• Commodities
• Commodity prices
• Emerging and frontier financial markets
• Financial markets
• Inflation
• Oil
• Oil prices
• Prices
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