World Economic Outlook, April 2016: Too Slow for Too Long
World Economic Outlook, April 12, 2016
Source details
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- World Economic Outlook, April 2016: Too Slow for Too Long
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Bibliographic details
- Published: April 12, 2016
- Series: World Economic Outlook
- DOI: https://doi.org/10.5089/9781498398589.081
Overview
- Publication date: April 12, 2016
- Core message: Major macroeconomic realignments are affecting prospects differentially across the world’s countries and regions, generating substantial uncertainty and affecting the outlook for the global economy.
- Summary focus areas:
- Slowdown and rebalancing in China
- Further decline in commodity prices
- Slowdown in investment and trade
- Declining capital flows to emerging market and developing economies
Major realignments and implications
- Causes identified:
- Slowdown and rebalancing in China
- Further decline in commodity prices
- Related slowdown in investment and trade
- Declining capital flows to emerging market and developing economies
- Implications emphasized:
- Substantial uncertainty for the global economic outlook
- Differential effects across countries and regions
Analytical chapters — capital flows and labor/product market reforms
- Capital flows to emerging market economies:
- Focus: slowdown in capital flows since their 2010 peak
- Topics examined:
- Main characteristics of the slowdown
- Comparison with past slowdowns
- Factors driving the slowdown
- Whether exchange rate flexibility has changed the dynamics of the capital inflow cycle
- Product and labor market reforms in advanced economies:
- Focus: whether reforms can improve the economic outlook in advanced economies
- Topics examined:
- Recent evolution and scope for further reform
- Channels through which reforms affect economic activity under strong versus weak economic conditions
- Reforms’ short- to medium-term macroeconomic effects
- Sequencing of reforms and coordination with other policies to maximize potential quantitative economic benefits
Special feature
- Topic: The energy transition in an era of low fossil fuel prices
- Purpose: In-depth analysis of energy transition dynamics given low fossil fuel prices
Subjects and keywords highlighted
- Subject tags: Active labor market policies, Balance of payments, Capital inflows, Commodity markets, Emerging and frontier financial markets, Financial markets, Labor, National accounts, Oil prices, Prices
- Keywords include: Active labor market policies, advanced economy, Asia and Pacific, Capital inflows, Caribbean, Central America, commodity exporter, Commodity markets, commodity price, debtor economy, Emerging and frontier financial markets, emerging market, emerging market economies, Europe, Global, IMF staff calculation, Middle East, monetary policy, net capital capital inflow, North Africa, oil price, Oil prices, policy area, product market reform, South America, Sub-Saharan Africa, trade balance, U.S. dollar, WEO