Global Economic Monitoring Unit (GEM)

October 2009 Summary: The global recovery remains fragile and requires sustained policy support, as agreed by G20 leaders at the Pittsburgh Summit. The recovery in some Asian economies has lost some of its momentum, as reflected in weaker exports and i ...

September 2009 Summary:  The global economy shows tentative signs of a recovery, but substantial risks and uncertainties remain. If employment growth and private investment demand do not pick up strongly before the effects of fiscal stimuli fade out, t ...

August 2009 Summary:  The global recession is moderating, with trade and industrial production stabilizing and financial markets partially improving The prospects of a true global recovery are highly uncertain as demand continues to largely depend on f ...

July 2009 Summary: The recent United Nations conference on the global financial and economic crisis proposed a comprehensive set of actions to mitigate the immediate impact of the crisis and to formulate adequate medium- and long-term responses. Unempl ...

June 2009 Summary: First quarter data underscore the severity of the crisis across the globe. Although some high-frequency indicators for developed economies suggest a slowing of the downturn, economic recovery is still far from in sight. Several large ...

May 2009 Summary:  World economy will contract by 2.6 per cent in 2009; recovery in 2010 is possible, but risks of prolonged recession are high. Developing countries are disproportionately hit by the crisis. Fiscal responses, while significant, are asy ...

April 2009 Summary: Unemployment, trade and capacity utilization face sharpest deterioration since World War II Widening gaps in external financing for developing countries call for large international transfers G20 reaches agreement on provision of $1 ...

March 2009 Summary: Global financial markets remain highly volatile. Global imbalances are unwinding in disorderly fashion, heightening the risk of exchange-rate volatility. Unemployment is increasing worldwide at an alarming pace. Many countries see t ...

February 2009 Summary:  The impact of the financial crisis on economic activity has intensified worldwide. Industrial production and international trade flows have declined sharply, and unemployment is rapidly rising globally. Countries need to move mo ...