deleveraging

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 ...

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 ...