The drought caused by the elnino phenomenon affected the economy negatively through reductions in food production. Oecdfao agricultural outlook 20092018 this is the fifteenth edition of the agricultural outlook and the fifth time it has been prepared jointly by the organisation for economic cooperation and development oecd and the food and agriculture. World economic outlook international monetary fund world economic outlook. The outlook is drawn from a countrybycountry analysis based on a unique analytical design.
Since the previous economic update of september 2017, a number of important events have improved south africas economic. Disclaimer copyright and usage download full text 4. The fragile nature of the recovery will present many challenges. World economic situation and prospects 2009 unctad. The data are extensive, the projections more detailed than ever. Weo update in a nutshell advanced economy growth has picked up robust private demand in the u.
Ilo, 2015 isbn 9789221292593 print isbn 9789221292609 web pdf international labour office employment unemployment youth employment youth unemployment labour policy economic recovery. Imf world economic outlook weo crisis and recovery. Economics i research on our way to recovery economic outlook 20092010 o ou ay to eco e y robert hogue senior economist robert. Risks to the outlook remain firmly on the downside, including the possibility of escalating trade tensions. Though the imfs prediction for 2008 made in october 2007 proved optimistic, this is due to the failure to anticipate the current recession, rather than a rosier view of the country. The international monetary fund defines a global recession as a decline in annual per. The main version is in english, and it is also published in french and german.
Industrial production, trade, capital flows, oil consumption, unemployment rate, per. The subprime mortgage crisis and the ensuing credit crunch, combined with rising inflation worldwide and the consequent slowdown in demand in many advanced economies, has engendered significant uncertainty about the shortterm outlook for. Average monthly rainfall 1901 2009 mm the climate change knowledge portal is a hub of information, data and reports about climate change around the world. This 2009 edition analyses what the economic crisis will mean for energy markets and how the transition to a clean global energy system can be financed. Japan on the abenomics wave euro area is turning the corner from recession to recovery growth spillovers to emerging market economies. World economic outlook international monetary fund. The international monetary fund imf is an international organization headquartered in washington, d. Economic and social development department the resource outlook to 2050. Julio prego cataloginginpublication data world economic outlook international monetary fund world economic outlook. However, the recession is not over yet and the recuperation is likely to be slothful. Kilian 2009, and cashin and others 2014 for systematic investiga tions of. With the help of extraordinary macroeconomic and financial policy support the world economy has started showing the signs of stabilizing. According to the imf world economic outlookjuly 20, the real gdp growth rate of the world will be 3.
The crisis that began more than a year ago in the u. Economic outlook is a twiceyearly analysis available for online viewing, download, and in print published by the organisation for economic cooperation and development oecd with economic analysis and forecasts for future economic performance of oecd countries. Economic outlook and challenges it was to be expected that ethiopias strong economic growth would slow down in 201516 due to the recent drought. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. By 2009, the imfs world economic outlook classified countries as advanced, emerging, or developing, depending on 1 per capita income level, 2 export diversificationso oil exporters that have high per capita gdp would not make the advanced classification because around 70% of its exports are oil, and 3 degree of integration into the. The first weo was published in 1977 and it has been an annual. While there was some uncertainty about the actual impact of the drought. What package of commitments and measures should the climate negotiators at copenhagen put together if they really want to stop global. Matt murray, professor of economics and associate director of the university of tennessees center for business and economic research cber, will discuss the contents of the spring 2009 publication tennessee business and economic outlook. Press release download report pdf sections in this edition. Imf executive board discussion of the outlook, april 2009 statistical appendix. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development the first weo was published in 1977 and it has been an annual publication since. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development.
Projections for these indicators are provided only through 2021. Already, the government is running a fiscal deficit close to 3. Use the free adobe acrobat reader to view this pdf file. World real gdp will drop in 2009, with advanced economies experiencing deep. Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political, partisan or national interests. Imf world economic outlook, 20032007 and authors calculations. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing. World economic outlook, april 2009 crisis and recovery this edition of the world economic outlook explores how a dramatic escalation of the financial crisis in september 2008 provoked an unprecedented contraction of activity and trade, despite active policy responses. World economic forum global risks perception survey 20192020. This years global competitiveness report is being released at a time of multiple shocks to the global economy. Is this an opportunity to arrest climate change or a threat that any economic upturn might be stifled at birth. World economic outlook weo international monetary fund.
Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political. The analysis and projections contained in the world economic outlook are integral elements of the. Nonetheless, the world economy enters 2010 in an environment fraught with considerable degree of uncertainty. Another concern is rising debt, which may make it difficult for emdes to. The world bank forecasts global growth to slow to 2. Abstract world development indicators wdi 2009 arrives at a moment of great uncertainty for the global economy. Botswanas economy rebounded strongly from the 2009 economic downturn, aided by improved global demand for diamonds the countrys major export commodity. It is expected that, at the national peoples congress in march, a larger target deficit will be. We applied the same completion thresholds to survey responses from the global shapers as to the multistakeholder sample see appendix b. The timorese authorities have revised the compilation.
In line with the improved global economic outlook, remittances to developing countries are expected to grow at about 3. Subdued investment in emerging market and developing economies emdes is dampening potential growth prospects. Mozambiques economic outlook governance challenges holding back economic potential 6 mozambique cagr by sector %, 20002014 source. Global employment trends global employment trends, may 2009 update, may 2009 update 6 6 the backdrop to these unprecedented policy measures is an economic outlook for 2009 that is considerably worse than was envisioned in the early months of this year. Imf world economic outlook weo crisis and recovery, april. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. Factors explaining the additional decline in output growth for 2009 10. The world economic outlook weo is a survey by the imf staff. While growth could be stronger if reduced trade tensions mitigate uncertainty, the balance of risks is to the downside. The full report, including regional overviews and detailed trends in global trade and fi nance is due out in early january, 2009. Indian economic outlook 200809 and 2009 10 rajiv kumar mathew joseph dony alex pankaj vashisht debosree banerjee march 2009. Global trade, 19812008 world trade expected to contract, for the first time since 19823 0 3 6 9 12 15. Nov 10, 2009 what does the unconventional gas boom in the united states mean for the rest of the world. The global shapers community is the world economic forums network of young people driving dialogue, action and change.
The united nations world tourism organization unwto also contributed to the report. We work with our clients to help them navigate the increasingly complex global environment, to analyse political and economic developments, forecast economic trends, and understand country specific regulations and business practices. The world economic outlook weo presents the imf staffs analysis and projections of economic developments at the global level, in major country groups classified by region, stage of development, etc. Here you can query, map, compare, chart and summarize key climaterelated information. The weakening of the chinese economy due to reduced consumer spending and activity as well as reduced industrial production has led to calls for fiscal stimulus. All these questions and many others are answered in weo 2009. The imfs flagship publication, the world economic outlook weo, marks the most extensive effort to measure the health of the global economy since the outbreak of the financial crisis. Overview of the world economic outlook projections. A sustained economic recovery will not be possible until the financial sectors functionality is restored and credit markets are unclogged. This report marks the most extensive effort to measure the health of the global economy since the outbreak of the global financial crisis last fall. History, trends, challenges, implications for the united states congressional research service summary prior to the initiation of economic reforms and trade liberalization nearly 40 years ago, china maintained policies that kept the economy very poor, stagnant, centrally controlled, vastly.
The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Irans economy is expected to stabilize after a contractionary year as the impact of us sanctions tapers and oil production and exports stabilize, while algerias growth is anticipated to rise to 1. This is a prerelease of chapter i of the world economic situation and prospects 2009, released on 1 december 2008 in doha, qatar. While the worst seems to be over, and while one hears proclamations of a robust recovery, the jury is still out on the lessons and legacies of the tumultuous economic events of 2008 and 2009. Economic commission for europe ece, economic commission for latin america and the caribbean eclac, economic and social commission for asia and the pacific escap and economic and social commission for western asia escwa. This edition of the world economic outlook explores the prospects for growth in the aftermath of the financial crisis. The global average cost of sending remittances has remained nearly flat at 7. World economic situation and prospects world gross product. Imf world economic outlook weo update global economic. Despite wideranging policy actions, financial strains remain acute, pulling down the real economy. Opecs world oil outlook woo is part of the organizations commitment to market stability. Imfs surveillance of economic developments and policies in its member countries, of developments. Occasional paper international monetary fund, 02516365. Imf world economic outlook weo crisis and recovery, april 2009.