Contractionary Forces Receding But Weak Recovery Ahead
The IMF released its quarterly update of global economic forecasts and expressed greater optimism than three months ago that the world economy will begin pulling out of the current recession next year, but stated that even with higher growth projections, "growth in 2010 would still fall short of potential until late in the year, implying continuing increases in unemployment". The IMF warns of the impact of likely "intensified financial stress" in several emerging economies and of "higher unemployment and social discontent" around the world.
The World Economic Outlook Update (8 pages, including tables) is available on the IMF's web site in English, Arabic, Chinese, French, Russian and Spanish: http://www.imf.org/external/pubs/ft/weo/2009/update/02/index.htm
The IMF has also posted a separate updated Global Financial Stability Report (5 pages) in the same six languages plus Japanese: http://www.imf.org/External/Pubs/FT/fmu/eng/2009/02/index.htm
Comments