November 2008

Summary:

In response to the intensified global financial crisis, a large number of countries adopted extensive emergency plans in October 2008, following a more comprehensive and internationally concerted approach. However, great uncertainties remain in global financial markets. The impact of financial strains on economic activity is deepening and the crisis is spreading rapidly towards a growing number of developing countries and the economies in transition. 

Download the World Economic Situation and Prospects Monthly Briefing No. 2