Policy Papers

Key Issues Note by the IMF Managing Director to the IMFC on the Global Economy and Financial Markets—Outlook and Policy Responses

Publication Date:

April 23, 2010

Summary:

Securing the recovery. The global recovery has been better than expected. The WEO projections see global output expanding by about 4¼ percent in 2010 and 2011. Extraordinary and coordinated policy intervention since the crisis has all but eliminated the risk of another Great Depression, laying the foundation for recovery. Nevertheless, the recovery is proceeding at varying speeds—it is tepid and policy-dependent in many advanced economies, but solid in most emerging and developing economies.

Series:

Policy Papers

Subject:

Fund policy papers