The threat of a sharp global slowdown eased with improved activity in the united states and better policies in the euro area. 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. Imf world economic outlook weo international monetary fund. 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.
According the report released recently on october 15, 2019, the global economy is at its slowest pace of growth at 3%. Imf world economic outlook weo growth resuming, dangers. 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. 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. 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. Press release download report pdf sections in this edition. Real gdp growth and world trade growth the arithmetic average of world merchandise import and export volumes are seasonally and workingday adjusted annualised rates. World economic outlook weo definition investopedia. It analyzes and predicts global economic developments during the near and medium term. For further information see box a2 in the april 2004 world economic outlook, box 1. Occasional paper international monetary fund, 02516365. Global growth, which in 2016 was the weakest since the global financial crisis at 3.
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 weo is released in april and septemberoctober each year. 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. 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. The international monetary fund imf is an international organization headquartered in washington, d. International monetary fund imf data and statistics. Growth in the manufacturing sector in recent years 11. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. The kenya economic outlook 2017 report provides an overview of kenyas economic environment and key sectors. Since the previous economic update of september 2017, a number of important events have improved south africas economic. Weo is a survey by the imf that is usually published twice a year in the months of april and october. World economic and financial surveys, 02587440 began in 2003.
A report by the international monetary fund imf that contains analysis and projections of the integral elements of the. World economic and financial surveys regional economic. 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. Use the free adobe acrobat reader to view this pdf file. Request for disbursement under the rapid credit facilitypress release. The timorese authorities have revised the compilation.
The weo is prepared by the imf staff and has benefited. Macroeconomic performance and outlook the ugandan economy reported strong growth in 2019, estimated at 6. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. 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. 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. The most important paragraph in the imf world economic outlook. Highlights download report eng pdf sections in this edition.
Imf cuts world economic outlook for 2015 usa today. The ethiopian economy grew by 8 in 201516 due to the recent drought affecting agricultural production with spillovers on the trade. Imf study warns free trade seen as benefiting only a. The world economic outlook weo is a survey by the imf staff published. Recent economic developments strong economic growth continued in 201415. World economic outlook, october 2017 imf bookstore. World economic outlook, october 2019 global growth is forecast at 3. World economic outlook international monetary fund. Since then, some risks have partially receded with the announcement of a uschina phase i trade deal and lower likelihood of a nodeal brexit. The global upswing in economic activity is strengthening. Ethiopia economic outlook african development bank. 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. International monetary fund, world economic outlook. Incorporated as a notforprofit foundation in 1971, and headquartered in geneva, switzerland, the forum is tied to no political, partisan or national interests.
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 economic outlook is positive, and real gdp growth is projected to stabilize at 7. Maryland composition cataloginginpublication data world economic outlook international monetary fund world economic outlook. The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and fall. The international monetary fund cut thursday its projection of global economic growth in 2015 to 3. Overview of the world economic outlook projections. 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. World economic outlook, 2019 current affairs today. As in the october 2012 world economic outlook, data for syria are excluded for 2011 and later due. Retail, construction, and telecommunications were key economic drivers. 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. 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. While the drought slowed down growth in 201516 the economy still expanded by 8 percent, which is a sign of increased economic resilience. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
The funds mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability. Political environment the economic intelligence unit eiu predicts that political. Policymakers must address needs of tradeaffected workers, international monetary funds new world economic outlook says larry elliott tue. 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 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. Growth should benefit from the homegrown economic reform program, which seeks to address macroeconomic imbalances and unlock structural.
The world has changed dramatically in the three months since our last update of the world economic outlook in january. The recovery is being observed in the resource sector. The october edition downgrades expected global growth for 20 from 3. World economic outlook weo growth resuming, dangers remain. 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. Key highlights of the report the global growth rate. World economic outlook transitions and tensions 1 rupa duttagupta deputy division chief research department, imf united nations, project link meetings, october 21, 20. 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. 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.
World economic outlook, october 2012 imf bookstore. Jul 09, 2015 imf cuts world economic outlook for 2015. Projections for these indicators are provided only through 2021. 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 international monetary fund world economic outlook. A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost. The covid19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. The report also highlights significant allocations from the 201718 budget to various sectors of the economy. Oct 16, 2019 the world economic outlook is a biennial report that is released in april and october. Weak recovery will likely resume in the major advanced economies, and activity will remain relatively. 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. Imf world economic outlook weo coping with high debt and. 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.
Reducing the risks to the mediumterm outlook implies reducing public debt in the major advanced economies, and chapter 3 explores 100 years of. Imf executive board discussion of the outlook, march 2012. 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. Sluggish global growth calls for supportive policies imf. Mozambiques economic outlook governance challenges holding back economic potential 6 mozambique cagr by sector %, 20002014 source. Browse in world economic outlook, books and journals imf. The april 2012 edition of the world economic outlook assesses the prospects for the global economy, which has gradually strengthened after a major setback. A report by the international monetary fund imf that contains analysis and projections of the integral elements of the imfs surveillance of economic developments.