## IMF World Economic Outlook (WEO)-- April 2004

_World Economic Outlook, April 14, 2004_

## Source details

**Canonical URL:** [IMF World Economic Outlook (WEO)-- April 2004](https://www.imf.org/en/publications/weo/issues/2016/12/31/advancing-structural-reforms)

## Other formats

- [Markdown version](/en/publications/weo/issues/2016/12/31/advancing-structural-reforms/index.md)
- [Structured JSON version](/en/publications/weo/issues/2016/12/31/advancing-structural-reforms/index.json)
- [Bundle manifest](/en/publications/weo/issues/2016/12/31/advancing-structural-reforms/bundle-manifest.json)

## Bibliographic details
- Published: April 14, 2004
- Series: World Economic Outlook

---

### Overview
- The April 2004 World Economic Outlook (WEO) provides IMF staff analysis and projections of economic developments at the global level, in major country groups, and in many individual countries.
- It focuses on major economic policy issues and analysis of economic developments and prospects and is usually prepared twice a year as documentation for meetings of the International Monetary and Financial Committee and for the IMF's global surveillance activities.
- Associated materials on the landing page include:
  - Transcript of the World Economic Outlook Press Conference, April 21, 2004.
  - Transcript of a Teleconference Call on the World Economic Outlook Analytic Chapters, April 14, 2004.
  - A Survey by the Staff of the International Monetary Fund, April 2004.

### Major analytic chapters and themes
- Chapter I — Economic Prospects and Policy Issues (449 kb pdf file)
  - Regional and country discussions include:
    - North America: Growth in the United States Surges; In Canada It Slows
    - Euro Area: Subdued Recovery, With Domestic Demand Still Uneven
    - Japan: Is a Sustained Recovery Finally Under Way?
    - Latin America: Is There a Tension Between Tackling Social Issues and Reducing High Public Debt?
    - Emerging Asia: With Recovery Taking Hold, Scope for Greater Exchange Rate Flexibility
    - EU Accession Countries: External Imbalances Need to Be Addressed
    - Commonwealth of Independent States: Managing the Challenges of Remonetization
    - Middle East: Improved Prospects, but Much Depends on Geopolitical Uncertainties and Security Situation
    - Africa: The Struggle to Reduce Poverty
  - Appendix 1.1: Commodity Markets
  - Boxes in Chapter I include topics such as The Effects of a Falling Dollar; Housing Markets in Industrial Countries; Risks to the Multilateral Trading System; Is Emerging Asia Becoming an Engine of World Growth?; What Works in Africa.
- Chapter II — The Global Implications of the U.S. Fiscal Deficit and of China's Growth (242 kb pdf file)
  - Analytic questions include:
    - How Will the U.S. Budget Deficit Affect the Rest of the World?
    - China's Emergence and Its Impact on the Global Economy
  - Boxes include How Do U.S. Interest and Exchange Rates Affect Emerging Markets' Balance Sheets?; The Effects of Tax Cuts in a Global Fiscal Model; Can China Sustain Its Rapid Output Growth?; Quantifying the International Impact of China's WTO Accession.
- Chapter III — Fostering Structural Reforms in Industrial Countries
  - Subsections include:
    - Two Decades of Structural Reforms in Industrial Countries: An Overview
    - Determinants of Structural Reforms
    - Cost-Benefit Dynamics of Reforms
    - Reform Experience and Implications for Reform Design
  - Appendices: Appendix 3.1 Structural Policy Indicators; Appendix 3.2 Determinants of Reforms: Econometric Methods; Appendix 3.3 Cost-Benefit Dynamics of Reforms
  - Boxes examine country experiences (New Zealand, United Kingdom, The Netherlands) and European integration.
- Chapter IV — Are Credit Booms in Emerging Markets a Concern? (137 kb pdf file)
  - Core questions:
    - What Are Credit Booms and How Are They Propagated?
    - What Do Credit Booms Look Like?
    - Conclusion
  - Boxes and figures analyze credit booms, financial sector development, and implications for growth and welfare.
- Supporting materials:
  - Annex: Summing Up by the Acting Chair (60 kb pdf file)
  - Statistical Appendix (396 kb pdf file) covering Assumptions; What's New; Data and Conventions; Classification of Countries; extensive tables and figures.

### Key statistics, tables, and figures (as listed)
- Table sets and topics include:
  - Overview of the World Economic Outlook Projections
  - Emerging Market and Developing Countries: Net Capital Flows
  - Advanced Economies: Real GDP, Consumer Prices, and Unemployment
  - Major Advanced Economies: General Government Fiscal Balances and Debt
  - Selected Economies: Current Account Positions
  - Numerous regional and country tables (e.g., 1.6 through 1.12 covering Western Hemisphere, Asian, EU Accession, Commonwealth of Independent States, Middle Eastern, and African countries)
  - Tables on Nonenergy Commodity Prices, Volatility and Correlation of Spot and Futures Prices, Forecast Performance
  - Simulation and model tables including MULTIMOD Alternative Scenarios and projections related to China's integration and sectoral impacts up to 2020
- Figures and graphical topics include:
  - Global Indicators; Current and Forward-Looking Indicators; G-7: The Differing Nature of the Recovery
  - Global Exchange Rate Developments; Developments in Mature Financial Markets; Emerging Market Financial Conditions
  - Fiscal and Monetary Easing in the Major Advanced Countries; Global Outlook; United States: Growth, Consumption, and Personal Incomes
  - Regional and sectoral figures such as Unemployment, Income Inequality, and Poverty in Latin America; Emerging Asia: Foreign Reserve Accumulation; Sub-Saharan Africa: Growth and Poverty; Oil Prices, Futures, and Production; Semiconductor Markets
  - Scenario figures: Main Simulation Scenarios; GDP in Alternative Scenarios; Output and Trade During Periods of Rapid Integration; China's Exports and Imports

### Analytic tools, empirical work, and case studies
- Econometric analyses and determinants of reforms:
  - Correlation matrices and econometric summaries for structural policy indicators
  - Determinants of Product and Labor Reforms; Determinants of Trade and Tax Reforms; Determinants of Financial Reforms
  - Impact assessments: Impact of Structural Reforms on Log Real Per Capita GDP; Impact of Structural Reforms on Unemployment
  - An Empirical Model of Reforms: Convergence Toward a Target
- Credit and financial analysis:
  - Credit, Capital Inflows, and Financial Liberalization
  - Credit Booms Versus Episodes of Rapid Credit Growth
  - Emerging Market Credit Booms, 1970-2002
  - Figures on Credit Booms in Emerging Markets and selected macroeconomic, financial, and microeconomic variables during credit booms

### Accessibility and ancillary information
- The page references PDF files for chapters and annexes with indicated file sizes: 86 kb, 449 kb, 242 kb, 137 kb, 60 kb, and 396 kb.
- Users are advised to use the free Adobe Acrobat Reader to view PDF files.
- Additional site features: Research at the IMF; Email notification sign-up and profile modification options.

*IMF World Economic Outlook (WEO)-- April 2004*

---

## Content in this bundle

- **IMF April 2004 World Economic Outlook -- Chapter I: Box 1.2**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Box 1.2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_box12pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Box 1.2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_box12pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Box 1.4A**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Box 1.4A (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_box14apdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Box 1.4A (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_box14apdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Box 1.4B**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Box 1.4B (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_box14bpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Box 1.4B (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_box14bpdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.10**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.10 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig110pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.10 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig110pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.11**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.11 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig111pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.11 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig111pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.12**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.12 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig112pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.12 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig112pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.13**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.13 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig113pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.13 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig113pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.14**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.14 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig114pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.14 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig114pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.15**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.15 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig115pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.15 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig115pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.16**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.16 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig116pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.16 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig116pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.17**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.17 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig117pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.17 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig117pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.18**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.18 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig118pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.18 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig118pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.19**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.19 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig119pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.19 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig119pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.1**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig11pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig11pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.20**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.20 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig120pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.20 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig120pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.21**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.21 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig121pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.21 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig121pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.22**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.22 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig122pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.22 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig122pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.2**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig12pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig12pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.3**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig13pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig13pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.4**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig14pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig14pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.5**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.5 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig15pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig15pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004  World Economic Outlook -- Chapter I: Figure 1.6**
  - [IMF April 2004  World Economic Outlook -- Chapter I: Figure 1.6 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig16pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004  World Economic Outlook -- Chapter I: Figure 1.6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig16pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.7**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig17pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig17pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004  World Economic Outlook -- Chapter I: Figure 1.8**
  - [IMF April 2004  World Economic Outlook -- Chapter I: Figure 1.8 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig18pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004  World Economic Outlook -- Chapter I: Figure 1.8 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig18pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.9**
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.9 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig19pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter I: Figure 1.9 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp1pdf/_fig19pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Box 2.1**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Box 2.1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_box21pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Box 2.1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_box21pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Box 2.2**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Box 2.2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_box22pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Box 2.2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_box22pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.10**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.10 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig210pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.10 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig210pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.1**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig21pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig21pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.2**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig22pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig22pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.3**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig23pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig23pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.4A**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.4A (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig24apdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.4A (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig24apdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.4B**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.4B (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig24bpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.4B (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig24bpdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.5**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.5 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig25pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig25pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.6**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.6 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig26pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig26pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.7**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig27pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig27pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.8**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.8 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig28pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.8 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig28pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.9**
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.9 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig29pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter II: Figure 2.9 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp2pdf/_fig29pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Box 3.3**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Box 3.3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_box33pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Box 3.3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_box33pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Box 3.4**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Box 3.4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_box34pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Box 3.4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_box34pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.10**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.10 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig310pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.10 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig310pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.11**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.11 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig311pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.11 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig311pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.1**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig31pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig31pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.2**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig32pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig32pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.3A**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.3A (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig33apdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.3A (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig33apdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.3B**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.3B (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig33bpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.3B (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig33bpdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.4**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig34pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig34pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.5**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.5 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig35pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig35pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.6**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.6 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig36pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig36pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.7**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig37pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig37pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.8**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.8 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig38pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.8 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig38pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.9**
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.9 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig39pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter III: Figure 3.9 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp3pdf/_fig39pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.1**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig41pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig41pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.2**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig42pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig42pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.3**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig43pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig43pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.4**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig44pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig44pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.5**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.5 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig45pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig45pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.6**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.6 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig46pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig46pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.7**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig47pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig47pdf.pdf){rel="external" type="application/pdf"}
- **IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.8**
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.8 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig48pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [IMF April 2004 World Economic Outlook -- Chapter IV: Figure 4.8 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/chp4pdf/_fig48pdf.pdf){rel="external" type="application/pdf"}
- **World Economic Outlook, April 2004--Annex**
  - [World Economic Outlook, April 2004--Annex (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_annexpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [World Economic Outlook, April 2004--Annex (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_annexpdf.pdf){rel="external" type="application/pdf"}
- **World Economic Outlook, April 2004--Statistical Appendix**
  - [World Economic Outlook, April 2004--Statistical Appendix (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_appendixpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [World Economic Outlook, April 2004--Statistical Appendix (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_appendixpdf.pdf){rel="external" type="application/pdf"}
- **World Economic Outlook, April 2004--Chapter 1**
  - [World Economic Outlook, April 2004--Chapter 1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter1pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [World Economic Outlook, April 2004--Chapter 1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter1pdf.pdf){rel="external" type="application/pdf"}
- **World Economic Outlook, April 2004--Chapter 2**
  - [World Economic Outlook, April 2004--Chapter 2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter2pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [World Economic Outlook, April 2004--Chapter 2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter2pdf.pdf){rel="external" type="application/pdf"}
- **World Economic Outlook, April 2004--Chapter 3**
  - [World Economic Outlook, April 2004--Chapter 3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter3pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [World Economic Outlook, April 2004--Chapter 3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter3pdf.pdf){rel="external" type="application/pdf"}
- **World Economic Outlook, April 2004--Chapter 4**
  - [World Economic Outlook, April 2004--Chapter 4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter4pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [World Economic Outlook, April 2004--Chapter 4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_chapter4pdf.pdf){rel="external" type="application/pdf"}
- **WORLD ECONOMIC OUTLOOK April 2004, Advancing Structural Reforms**
  - [WORLD ECONOMIC OUTLOOK April 2004, Advancing Structural Reforms (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_frontpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [WORLD ECONOMIC OUTLOOK April 2004, Advancing Structural Reforms (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2004/01/pdf/_frontpdf.pdf){rel="external" type="application/pdf"}
- **Real House Prices and Disposable Income**
  - [Real House Prices and Disposable Income (CSV)](/external/pubs/ft/weo/2004/01/chp1data/box1-2.csv){rel="external" type="application/octet-stream"}
- **Emerging Asia: Exports**
  - [Emerging Asia: Exports (CSV)](/external/pubs/ft/weo/2004/01/chp1data/box1-4a.csv){rel="external" type="application/octet-stream"}
- **Import Value Growth**
  - [Import Value Growth (CSV)](/external/pubs/ft/weo/2004/01/chp1data/box1-4b.csv){rel="external" type="application/octet-stream"}
- **Figure 1.1.  Global Indicators**
  - [Figure 1.1.  Global Indicators (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-1.csv){rel="external" type="application/octet-stream"}
- **Dataset overview: fig1-10**
  - [Dataset overview: fig1-10 (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-10.csv){rel="external" type="application/octet-stream"}
- **Figure 1.11.  Japan: How Does the Current Recovery Compare With the Past?**
  - [Figure 1.11.  Japan: How Does the Current Recovery Compare With the Past? (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-11.csv){rel="external" type="application/octet-stream"}
- **Figure 1.12. Unemployment, Income Inequality, and Poverty in Latin America**
  - [Figure 1.12. Unemployment, Income Inequality, and Poverty in Latin America (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-12.csv){rel="external" type="application/octet-stream"}
- **Fig1 13**
  - [Fig1 13 (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-13.csv){rel="external" type="application/octet-stream"}
- **Fig1 14**
  - [Fig1 14 (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-14.csv){rel="external" type="application/octet-stream"}
- **Figure 1.15.  Commonwealth of Independent States: Remonetization and Credit Growth**
  - [Figure 1.15.  Commonwealth of Independent States: Remonetization and Credit Growth (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-15.csv){rel="external" type="application/octet-stream"}
- **Figure 1.16.  Middle East: Reduction in Uncertainties Boosts Prospects**
  - [Figure 1.16.  Middle East: Reduction in Uncertainties Boosts Prospects (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-16.csv){rel="external" type="application/octet-stream"}
- **Figure 1.17.  Sub-Saharan Africa: Growth and Poverty**
  - [Figure 1.17.  Sub-Saharan Africa: Growth and Poverty (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-17.csv){rel="external" type="application/octet-stream"}
- **Fig1 18**
  - [Fig1 18 (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-18.csv){rel="external" type="application/octet-stream"}
- **Figure 1.19.  Oil Inventories**
  - [Figure 1.19.  Oil Inventories (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-19.csv){rel="external" type="application/octet-stream"}
- **Figure 1.2.  Current and Forward-Looking Indicators**
  - [Figure 1.2.  Current and Forward-Looking Indicators (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-2.csv){rel="external" type="application/octet-stream"}
- **Figure 1.20.  Nonenergy Commodities**
  - [Figure 1.20.  Nonenergy Commodities (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-20.csv){rel="external" type="application/octet-stream"}
- **Figure 1.21.  Semiconductor Markets**
  - [Figure 1.21.  Semiconductor Markets (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-21.csv){rel="external" type="application/octet-stream"}
- **Figure 1.22.  Spot and Futures Prices**
  - [Figure 1.22.  Spot and Futures Prices (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-22.csv){rel="external" type="application/octet-stream"}
- **Figure 1.3.  G-7: The Differing Nature of the Recovery**
  - [Figure 1.3.  G-7: The Differing Nature of the Recovery (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-3.csv){rel="external" type="application/octet-stream"}
- **Figure 1.4. Global Exchange Rate Developments**
  - [Figure 1.4. Global Exchange Rate Developments (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-4.csv){rel="external" type="application/octet-stream"}
- **Figure 1.5. Developments in Mature Financial Markets**
  - [Figure 1.5. Developments in Mature Financial Markets (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-5.csv){rel="external" type="application/octet-stream"}
- **Figure 1.6.  Emerging Market Financial Conditions**
  - [Figure 1.6.  Emerging Market Financial Conditions (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-6.csv){rel="external" type="application/octet-stream"}
- **Figure 1.7.  Fiscal and Monetary Easing in the Major Advanced Countries**
  - [Figure 1.7.  Fiscal and Monetary Easing in the Major Advanced Countries (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-7.csv){rel="external" type="application/octet-stream"}
- **Figure 1.8.  Global Outlook**
  - [Figure 1.8.  Global Outlook (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-8.csv){rel="external" type="application/octet-stream"}
- **Figure 1.9.  United States: Growth, Consumption, and Personal Incomes**
  - [Figure 1.9.  United States: Growth, Consumption, and Personal Incomes (CSV)](/external/pubs/ft/weo/2004/01/chp1data/fig1-9.csv){rel="external" type="application/octet-stream"}
- **Box 2.1. Emerging Markets: Output, Leverage, and Risk Premium**
  - [Box 2.1. Emerging Markets: Output, Leverage, and Risk Premium (CSV)](/external/pubs/ft/weo/2004/01/chp2data/box2-1.csv){rel="external" type="application/octet-stream"}
- **Box 2.2. One-Percentage-Point of GDP Tax Cut in the United States for 10 years**
  - [Box 2.2. One-Percentage-Point of GDP Tax Cut in the United States for 10 years (CSV)](/external/pubs/ft/weo/2004/01/chp2data/box2-2.csv){rel="external" type="application/octet-stream"}
- **Figure 2.1.  United States: Fiscal Balance**
  - [Figure 2.1.  United States: Fiscal Balance (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-1.csv){rel="external" type="application/octet-stream"}
- **Figure 2.10.  Required Structural Adjustment**
  - [Figure 2.10.  Required Structural Adjustment (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-10.csv){rel="external" type="application/octet-stream"}
- **Figure 2.2.  United States: Fiscal Risks**
  - [Figure 2.2.  United States: Fiscal Risks (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-2.csv){rel="external" type="application/octet-stream"}
- **Figure 2.3.  Structural Fiscal Balance of Advanced Countries**
  - [Figure 2.3.  Structural Fiscal Balance of Advanced Countries (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-3.csv){rel="external" type="application/octet-stream"}
- **Figure 2.4.  Main Simulation Scenarios**
  - [Figure 2.4.  Main Simulation Scenarios (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-4a.csv){rel="external" type="application/octet-stream"}
- **fig2-4b**
  - [fig2-4b (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-4b.csv){rel="external" type="application/octet-stream"}
- **Figure 2.5.  GDP in Alternative Scenarios**
  - [Figure 2.5.  GDP in Alternative Scenarios (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-5.csv){rel="external" type="application/octet-stream"}
- **Fig2 6**
  - [Fig2 6 (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-6.csv){rel="external" type="application/octet-stream"}
- **Fig2-7 — Dataset overview**
  - [Fig2-7 — Dataset overview (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-7.csv){rel="external" type="application/octet-stream"}
- **Content unit: fig2-8**
  - [Content unit: fig2-8 (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-8.csv){rel="external" type="application/octet-stream"}
- **Fig2 9**
  - [Fig2 9 (CSV)](/external/pubs/ft/weo/2004/01/chp2data/fig2-9.csv){rel="external" type="application/octet-stream"}
- **Box 3.3. Netherlands: Labor Market Indicators**
  - [Box 3.3. Netherlands: Labor Market Indicators (CSV)](/external/pubs/ft/weo/2004/01/chp3data/box3-3.csv){rel="external" type="application/octet-stream"}
- **Box3 4**
  - [Box3 4 (CSV)](/external/pubs/ft/weo/2004/01/chp3data/box3-4.csv){rel="external" type="application/octet-stream"}
- **Figure 3.1. Cumulative Reform Efforts Across Sectors**
  - [Figure 3.1. Cumulative Reform Efforts Across Sectors (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-1.csv){rel="external" type="application/octet-stream"}
- **Figure 3.10.  Response of Unemployment to a One-Standard-Deviation Increase in Reform Indicators**
  - [Figure 3.10.  Response of Unemployment to a One-Standard-Deviation Increase in Reform Indicators (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-10.csv){rel="external" type="application/octet-stream"}
- **Figure 3.2.  Regulatory Regimes in 1975 and 2000 Across Countries**
  - [Figure 3.2.  Regulatory Regimes in 1975 and 2000 Across Countries (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-2.csv){rel="external" type="application/octet-stream"}
- **Figure 3.3.  Structural Reforms and Initial Structural Conditions**
  - [Figure 3.3.  Structural Reforms and Initial Structural Conditions (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-3a.csv){rel="external" type="application/octet-stream"}
- **Figure 3.3  Concluded**
  - [Figure 3.3  Concluded (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-3b.csv){rel="external" type="application/octet-stream"}
- **Figure 3.4.  Cross-Border Spillovers**
  - [Figure 3.4.  Cross-Border Spillovers (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-4.csv){rel="external" type="application/octet-stream"}
- **Figure 3.5.  Openness to Trade and Reforms**
  - [Figure 3.5.  Openness to Trade and Reforms (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-5.csv){rel="external" type="application/octet-stream"}
- **Figure 3.6.  More Reforms in Bad Times?**
  - [Figure 3.6.  More Reforms in Bad Times? (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-6.csv){rel="external" type="application/octet-stream"}
- **Figure 3.7.  Fiscal Adjustment and "Difficult" Reforms**
  - [Figure 3.7.  Fiscal Adjustment and "Difficult" Reforms (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-7.csv){rel="external" type="application/octet-stream"}
- **Fig3-8: Product and Labor Market Reforms**
  - [Fig3-8: Product and Labor Market Reforms (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-8.csv){rel="external" type="application/octet-stream"}
- **Fig3 9**
  - [Fig3 9 (CSV)](/external/pubs/ft/weo/2004/01/chp3data/fig3-9.csv){rel="external" type="application/octet-stream"}
- **Figure 4.1.  Financial Deepening and Development**
  - [Figure 4.1.  Financial Deepening and Development (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-1.csv){rel="external" type="application/octet-stream"}
- **Figure 4.2.  Credit Booms Versus Episodes of Rapid Credit Growth**
  - [Figure 4.2.  Credit Booms Versus Episodes of Rapid Credit Growth (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-2.csv){rel="external" type="application/octet-stream"}
- **Figure 4.3.  Emerging Market Credit Booms, 1970�2002**
  - [Figure 4.3.  Emerging Market Credit Booms, 1970�2002 (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-3.csv){rel="external" type="application/octet-stream"}
- **Figure 4.4.  Credit Booms in Emerging Markets**
  - [Figure 4.4.  Credit Booms in Emerging Markets (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-4.csv){rel="external" type="application/octet-stream"}
- **Figure 4.5. Selected Macroeconomic Variables During Credit Booms**
  - [Figure 4.5. Selected Macroeconomic Variables During Credit Booms (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-5.csv){rel="external" type="application/octet-stream"}
- **Figure 4.6.  Selected Financial Variables During Credit Booms**
  - [Figure 4.6.  Selected Financial Variables During Credit Booms (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-6.csv){rel="external" type="application/octet-stream"}
- **Figure 4.7.  Selected Microeconomic Variables of the Non-Tradable Corporate Sector**
  - [Figure 4.7.  Selected Microeconomic Variables of the Non-Tradable Corporate Sector (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-7.csv){rel="external" type="application/octet-stream"}
- **Figure 4.8.  Corporate Leverage During a Credit Boom**
  - [Figure 4.8.  Corporate Leverage During a Credit Boom (CSV)](/external/pubs/ft/weo/2004/01/chp4data/fig4-8.csv){rel="external" type="application/octet-stream"}

---

## References

- [Transcript](https://www.imf.org/external/np/tr/2004/tr040421.htm)
- [Transcript](https://www.imf.org/external/np/tr/2004/tr040414.htm)
- [Other
issues of the World Economic Outlook](https://www.imf.org/external/ns/cs.aspx?id=29)
- [Research at the IMF](https://www.imf.org/external/pubs/res/index.htm)
- [Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index)
- [Modify your profile](https://www.imf.org/en/email-subscription/login)
- [International Monetary Fund](https://www.imf.org/external/index.htm)
- [Ordering Information](https://www.imf.org/external/pubs/cat/longres.cfm?sk=17240.0)
- [Disclaimer](https://www.imf.org/external/terms.htm)
- [Adobe Acrobat Reader](https://www.imf.org/adobe)
- [Technical Information](https://www.imf.org/external/help/techwc.htm)

_Source: https://www.imf.org/en/publications/weo/issues/2016/12/31/advancing-structural-reforms_
