IMF World Economic Outlook (WEO)-- September 2003
World Economic Outlook, September 13, 2003
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- IMF World Economic Outlook (WEO)-- September 2003
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Bibliographic details
- Published: September 13, 2003
- Series: World Economic Outlook
Overview and purpose
- 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.
- Focus: major economic policy issues and analysis of economic developments and prospects.
- Frequency: 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.
Key items listed on the September 2003 page
- Transcript of a Conference Call on the World Economic Outlook's analytical chapters, September 11, 2003
- Transcript of the World Economic Outlook Press Conference, September 18, 2003
- Selected Topics and Research at the IMF
- Email notification sign-up: "Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website." and "Modify your profile"
Chapter I — Economic Prospects and Policy Issues (607k pdf file)
- Regional and thematic coverage:
- North America: Can the United States Remain the Engine of Global Growth?
- Western Europe: Prolonged Weakness with Tentative Signs of a Turnaround
- Japan: Bold Measures Needed to Accelerate Restructuring and End Deflation
- Latin America: Emerging Stability Provides Opportunity to Accelerate Crisis-Proofing
- Asia-Pacific Region: Greater Exchange Rate Flexibility Needed for More Balanced Growth
- European Union Candidates: Coping with Weakness in the Euro Area
- Commonwealth of Independent States: Structural Reforms Key to Sustaining the Growth Upswing
- Middle East: Fiscal Reforms Key to Stability and Higher Growth
- Africa: Growth Has Been Resilient But Still Far Too Low
- Appendices and special topics:
- Appendix 1.1. Longer-Term Prospects for Oil Prices
- Appendix 1.2. Nonenergy Commodity Prices and Semiconductor Markets
- Boxes (examples): 1.1–1.5 with topics including monetary/financial conditions, measurement of global growth, managing aid, rebuilding post-conflict Iraq, and Gulf Cooperation Council monetary union challenges.
- Tables and figures: Extensive listings including "Overview of the World Economic Outlook Projections", regional tables (1.6–1.12), and figures such as "Global Indicators", "Fiscal and Monetary Easing in the Major Advanced Countries", "Global Outlook", and many country- and commodity-focused charts (1.13–1.23).
Chapter II — Three Current Policy Issues in Developing Countries (417k pdf file)
- Essays and questions addressed:
- How Can Economic Growth in the Middle East and North Africa Region Be Accelerated?
- Are Foreign Exchange Reserves in Asia Too High?
- How Concerned Should Developing Countries Be About G-3 Exchange Rate Volatility?
- Appendices and supporting analyses:
- Appendix 2.1 and 2.2 (definitions, data sources, country coverage, data and modeling strategy)
- Multiple tables and regressions: measures of reserves, reserve-versus-debt analyses, growth regressions, sterilization costs, sources of reserve accumulation (2001–02), determinants of exchange rate crises, and simulations of G-3 RER volatility effects (2.1–2.22).
- Multimedia supplements:
- Video Webcasts and Transcripts for each essay (speakers named in the source).
Chapter III — Public Debt in Emerging Markets: Is It Too High? (356k pdf file)
- Main sections:
- Public Debt and Fiscal Policy in Emerging Market Economies
- Assessing the Sustainability of Public Debt in Emerging Market Economies
- How Can Public Debt Levels Be Reduced?
- Conclusions
- Appendices and empirical material:
- Appendix 3.1. Assessing Fiscal Sustainability: Data and Econometric Methods
- Data tables and annexes (3.1–3.14) covering: public debt data, fiscal risk (contingent liabilities and demographics), sustainability under uncertainty, growth-indexed bonds, fiscal policy reaction functions (1990–2002), expenditure equations (1990–2002), determinants of overborrowing, comparisons with industrial economies, debt default and public debt ratios, revenue ratios and effective tax rates, volatility of revenues, debt-stabilizing primary balances, maximum ratios of sustainable public debt to GDP, and methods countries use to reduce debt.
- Multimedia supplement:
- Video Webcast: "Public Debt in Emerging Markets: Is It Too High?" By Tim Callen, Deputy Division Chief, Research Department (Chapter III)
Additional materials on the page
- Annex: Summing Up by the Acting Chair (159k pdf file)
- Statistical Appendix (550k pdf file) with sections:
- Assumptions, What's New, Data and Conventions, Classification of Countries, General Features and Compositions of Groups in the World Economic Outlook Classification
- List of Tables covering Output (Tables 1–7), Inflation (Tables 8–13), Financial Policies (Tables 14–21), Foreign Trade (Tables 22–26), Current Account Transactions (Tables 27–32), Balance of Payments and External Financing (Tables 33–37), External Debt and Debt Service (Tables 38–43), Flow of Funds (Table 44), Medium-Term Baseline Scenario (Tables 45–46)
- Box A1: Economic Policy Assumptions Underlying the Projections for Selected Advanced Economies
- Technical notes:
- "Use the free Adobe Acrobat Reader to view PDF files."
- "Video Webcasts—Technical Information"
IMF World Economic Outlook (WEO)-- September 2003 (web landing page contents as listed on the source page)
Content in this bundle
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- WORLD ECONOMIC OUTLOOK, September 2003--Annex
- WORLD ECONOMIC OUTLOOK, September 2003--Statistical Appendix
- WORLD ECONOMIC OUTLOOK, September 2003--Chapter 1
- World Economic Outlook, September 2003--Chapter 2 out of 3
- World Economic Outlook, September 2003--Chapter III
- World Economic Outlook, September 2003
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- Fig1-8 — Panel 1
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References
- Transcript
- Transcript
- Other issues of the World Economic Outlook
- Selected Topics
- Research at the IMF
- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.
- Modify your profile
- International Monetary Fund
- Disclaimer
- Adobe Acrobat Reader
- Technical Information
- Video Webcast
- Transcript
- Video Webcast
- Video Webcast
- Video Webcast