Monthly Briefing on the World Economic Situation and Prospects, No. 7
PDF document available at:
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 $1.1 trillion in additional funding for emerging and developing countries, on substantial reform of financial regulation and on full commitment to ODA pledges
- Countries continue to scale up policy measures to stabilize the financial sector and stimulate the real economy
According to the World Trade Organization, the volume of world goods trade faces its largest decline since World War II, plunging by 9 per cent in 2009. In addition to factors in the real economy, the collapse in trade activity results from a drastic reduction in the availability of trade finance.
Download the World Economic Situation and Prospects Monthly Briefing No. 7
Follow Us