Imf update of the world economic outlook october 2014 global growth disappoints, pace of recovery uneven and countryspecific a weak and uneven global economic recovery continues, but reflecting different evolutions across various countries and regions, says the imfs latest world economic outlook weo. The international monetary funds imf world economic outlook weo, a biannual survey that is partly updated twice a year in april 2019 forecasted a downfall in global growth to 3. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the. Global growth, which in 2016 was the weakest since the global financial crisis at 3.
A report by the international monetary fund imf that contains analysis and projections of the integral elements of the. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade. Key highlights of the report the global growth rate. The covid19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account. The chief economist of the international monetary fund imf is also the economic counsellor and director of the funds research department and is responsible for providing independent advice to the fund on its policy issues, integrating ideas of the research in the design of policies, conveying these ideas to the policymakers inside and outside the fund and managing all research done at imf. Sluggish global growth calls for supportive policies imf. For further information see box a2 in the april 2004 world economic outlook, box 1. The most important paragraph in the imf world economic outlook. It analyzes and predicts global economic developments during the near and medium term. Oct 16, 2019 the world economic outlook is a biennial report that is released in april and october. The global upswing in economic activity is strengthening.
According the report released recently on october 15, 2019, the global economy is at its slowest pace of growth at 3%. World economic and financial surveys regional economic. Weak recovery will likely resume in the major advanced economies, and activity will remain relatively. As a result of the pandemic, the global economy is projected to contract sharply by 3 percent in 2020, much worse than during the 200809 financial crisis.
The threat of a sharp global slowdown eased with improved activity in the united states and better policies in the euro area. The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs. The october 2012 world economic outlook weo assesses the prospects for the global recovery in light of such risks as the ongoing. World economic outlook, 2019 current affairs today. The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. World economic outlook weo growth resuming, dangers remain.
The world has changed dramatically in the three months since our last update of the world economic outlook in january. Weo is a survey by the imf that is usually published twice a year in the months of april and october. World economic outlook international monetary fund world economic outlook. World economic outlook international monetary fund. Imf cuts world economic outlook for 2015 usa today.
A report by the international monetary fund imf that contains analysis and projections of the integral elements of the imfs surveillance of economic developments. International monetary fund the october 2012 world economic outlook weo assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the fiscal cliff facing u. World economic outlook, october 2017 imf bookstore. Recent economic developments strong economic growth continued in 201415. The world economic forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. The april 2012 issue of the world economic outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback during 2011. 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. Real gdp growth and world trade growth the arithmetic average of world merchandise import and export volumes are seasonally and workingday adjusted annualised rates. Wor l d econom i c a nd f i na n ci a l s ur v ey s world economic outlook april 2017 gaining. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. World economic outlook, october 2012 imf bookstore. International monetary fund imf data and statistics. Since then, some risks have partially receded with the announcement of a uschina phase i trade deal and lower likelihood of a nodeal brexit. Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political, partisan or national interests.
Growth should benefit from the homegrown economic reform program, which seeks to address macroeconomic imbalances and unlock structural. Occasional paper international monetary fund, 02516365. The recovery is being observed in the resource sector. Recovery amid uncertainty papua new guineas economy has started recovering from a series of external shocks, but its growth outlook remains fragile due to rising uncertainties. Projections for these indicators are provided only through 2021. As in the october 2012 world economic outlook, data for syria are excluded for 2011 and later due. Growth in the manufacturing sector in recent years 11.
Overview of the world economic outlook projections. The international monetary fund cut thursday its projection of global economic growth in 2015 to 3. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing. In some contexts, the two terms are distinct international or global economy being measured separately and distinguished from national economies while the world economy is simply an aggregate of the. In the october world economic outlook, we described the global economy as in a synchronized slowdown, with escalating downside risks that could further derail growth. The report also highlights significant allocations from the 201718 budget to various sectors of the economy. World economic outlook weo definition investopedia. Highlights download report eng pdf sections in this edition. The weo is released in april and septemberoctober each year. The weo is prepared by the imf staff and has benefited.
The timorese authorities have revised the compilation. Request for disbursement under the rapid credit facilitypress release. The economic outlook is positive, and real gdp growth is projected to stabilize at 7. The april 2012 edition of the world economic outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback during 2011.
A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the forum. Longerterm, beyond 2021, the outlook for the global economy is highly uncertain, and we have removed the 5 and 10 year outlook until the conference board global economic outlook model will be fully recalibrated over the summer. The world economic outlook is a biennial report that is released in april and october. Mozambiques economic outlook governance challenges holding back economic potential 4 longterm growth prospects remain despite current debt driven volatility mozambique has realised sustained economic growth over the last decade and a half, averaging 7. Imf world economic outlook weo coping with high debt and. Maryland composition cataloginginpublication data world economic outlook international monetary fund world economic outlook. The imfs world economic outlook pdf a 230page tome detailing predictions on nearly every aspect of the worlds economy collated by the international organisation always gets attention for the calls it makes. Since the previous economic update of september 2017, a number of important events have improved south africas economic. Use the free adobe acrobat reader to view this pdf file. Reducing the risks to the mediumterm outlook implies reducing public debt in the major advanced economies, and chapter 3 explores 100 years of.
Political environment the economic intelligence unit eiu predicts that political. Imf study warns free trade seen as benefiting only a. Imf world economic outlook weo growth resuming, dangers. The october edition downgrades expected global growth for 20 from 3. Press release download report pdf sections in this edition. The world economic outlook weo is a survey by the imf staff published. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. Imf executive board discussion of the outlook, march 2012. Oct 10, 2012 the imfs world economic outlook pdf a 230page tome detailing predictions on nearly every aspect of the worlds economy collated by the international organisation always gets attention for the calls it makes. The international monetary fund imf is an international organization headquartered in washington, d. The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and fall. World economic outlook transitions and tensions 1 rupa duttagupta deputy division chief research department, imf united nations, project link meetings, october 21, 20. Oct 16, 2019 the international monetary funds imf world economic outlook weo, a biannual survey that is partly updated twice a year in april 2019 forecasted a downfall in global growth to 3.
The october 2012 world economic outlook weo assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the. While the drought slowed down growth in 201516 the economy still expanded by 8 percent, which is a sign of increased economic resilience. Policymakers must address needs of tradeaffected workers, international monetary funds new world economic outlook says larry elliott tue. International monetary fund, world economic outlook.
Ethiopia economic outlook african development bank. World economic and financial surveys, 02587440 began in 2003. Imf world economic outlook weo international monetary fund. Retail, construction, and telecommunications were key economic drivers. Macroeconomic performance and outlook the ugandan economy reported strong growth in 2019, estimated at 6. The funds mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability. The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors. Jul 09, 2015 imf cuts world economic outlook for 2015. The october 2012 world economic outlook weo assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the fiscal cliff facing u. Browse in world economic outlook, books and journals imf. Mozambiques economic outlook governance challenges holding back economic potential 6 mozambique cagr by sector %, 20002014 source.