fiscal stimulus

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 ...

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 ...

January 2009 Summary: There are increasing signs that the world economy is entering a recession. Slowing global demand underpinned a further decline in oil prices. Weakening economic conditions led to further accommodative policy actions. Deteriorating ...