austerity

December 2011 Summary: Grim prospects for world economy Premature fiscal austerity in developed countries is hampering recovery Developing countries remain vulnerable to downturns in the developed economies The world economy is teetering on the brink o ...

July 2011 Summary: Concerns over sovereign debt sustainability in Europe and the United States cast clouds over global economic recovery Oil and other primary commodity prices remain high, keeping up headline inflation and affecting output growth in ma ...

January 2011 Summary: A further slowdown in global economic growth is expected Developing economies continue to lead the recovery There are major downside risks for a gloomier outlook, including too early moves to fiscal austerity, further exchange rat ...

November 2010 Summary: Surges in private capital flows pose challenges to emerging economies and enhance tensions over currencies European countries go deeper into fiscal austerity Industrial production growth is slowing worldwide Heavy floods in Centr ...