World Economic Outlook - International Monetary Fund

World Economic Outlook. A Survey by the IMF staff usually published twice a year. It presents IMF staff economists' analyses of global economic developments ... 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Modifyyourprofile العربية español français 日本語 русский 中文 Indonesia português WorldEconomicOutlook ASurveybytheIMFstaffusuallypublishedtwiceayear.ItpresentsIMFstaffeconomists'analysesofglobaleconomicdevelopmentsduringthenearandmediumterm.Chaptersgiveanoverviewaswellasmoredetailedanalysisoftheworldeconomy;considerissuesaffectingindustrialcountries,developingcountries,andeconomiesintransitiontomarket;andaddresstopicsofpressingcurrentinterest.Annexes,boxes,charts,andanextensivestatisticalappendixaugmentthetext. Seealso,theWorldEconomicDatabases December9,2021 Page:1of8 1 2 3 4 5 6 7 8 2021 WorldEconomicOutlook,October2021 October12,2021 Description: Thisreportshowsthattheglobaleconomicrecoverycontinuesamidaresurgingpandemicthatposesuniquepolicychallengesandrequiresstrongmultilateraleffort. WorldEconomicOutlookUpdate,July2021:FaultLinesWidenintheGlobalRecovery July27,2021 Description: Theglobaleconomyisprojectedtogrow6.0percentin2021and4.9percentin2022.The2021globalforecastisunchangedfromtheApril2021WEO,butwithoffsettingrevisions.Prospectsforemergingmarketanddevelopingeconomieshavebeenmarkeddownfor2021,especiallyforEmergingAsia.Bycontrast,theforecastforadvancedeconomiesisrevisedup.Theserevisionsreflectpandemicdevelopmentsandchangesinpolicysupport.The0.5percentage-pointupgradefor2022deriveslargelyfromtheforecastupgradeforadvancedeconomies,particularlytheUnitedStates,reflectingtheanticipatedlegislationofadditionalfiscalsupportinthesecondhalfof2021andimprovedhealthmetricsmorebroadlyacrossthegroup. WorldEconomicOutlook,April2021:ManagingDivergentRecoveries March23,2021 Description: Globalgrowthisprojectedat6%in2021,moderatingto4.4%in2022.Theprojectionsfor2021and2022arestrongerthanintheOctober2020WEO.Theupwardrevisionreflectsadditionalfiscalsupportinafewlargeeconomies,theanticipatedvaccine-poweredrecoveryinthesecondhalfof2021,andcontinuedadaptationofeconomicactivitytosubduedmobility.Highuncertaintysurroundsthisoutlook,relatedtothepathofthepandemic,theeffectivenessofpolicysupporttoprovideabridgetovaccine-powerednormalization,andtheevolutionoffinancialconditions. WorldEconomicOutlookUpdate,January2021:PolicySupportandVaccinesExpectedtoLiftActivity January20,2021 Description: Althoughrecentvaccineapprovalshaveraisedhopesofaturnaroundinthepandemiclaterthisyear,renewedwavesandnewvariantsofthevirusposeconcernsfortheoutlook.Amidexceptionaluncertainty,theglobaleconomyisprojectedtogrow5.5%in2021and4.2%in2022. 2020 WorldEconomicOutlook,October2020: ALongandDifficultAscent October7,2020 Description: TheglobaleconomyisclimbingoutfromthedepthstowhichithadplummetedduringtheGreatLockdowninApril.ButwiththeCOVID-19pandemiccontinuingtospread,manycountrieshaveslowedreopeningandsomearereinstatingpartiallockdownstoprotectsusceptiblepopulations.WhilerecoveryinChinahasbeenfasterthanexpected,theglobaleconomy’slongascentbacktopre-pandemiclevelsofactivityremainspronetosetbacks. WorldEconomicOutlookUpdate,June2020:ACrisisLikeNoOther,AnUncertainRecovery June24,2020 Description: Globalgrowthisprojectedat–4.9percentin2020,1.9percentagepointsbelowtheApril2020WorldEconomicOutlook(WEO)forecast.TheCOVID-19pandemichashadamorenegativeimpactonactivityinthefirsthalfof2020thananticipated,andtherecoveryisprojectedtobemoregradualthanpreviouslyforecast.In2021globalgrowthisprojectedat5.4percent.Overall,thiswouldleave2021GDPsome6½percentagepointslowerthaninthepre-COVID-19projectionsofJanuary2020.Theadverseimpactonlow-incomehouseholdsisparticularlyacute,imperilingthesignificantprogressmadeinreducingextremepovertyintheworldsincethe1990s. WorldEconomicOutlook,April2020:TheGreatLockdown April6,2020 Description: TheCOVID-19pandemicisinflictinghighandrisinghumancostsworldwide,andthenecessaryprotectionmeasuresareseverelyimpactingeconomicactivity.Asaresultofthepandemic,theglobaleconomyisprojectedtocontractsharplyby–3percentin2020,muchworsethanduringthe2008–09financialcrisis.Inabaselinescenario--whichassumesthatthepandemicfadesinthesecondhalfof2020andcontainmenteffortscanbegraduallyunwound—theglobaleconomyisprojectedtogrowby5.8percentin2021aseconomicactivitynormalizes,helpedbypolicysupport. WorldEconomicOutlookUpdate,January2020: TentativeStabilization,SluggishRecovery? January9,2020 Description: Globalgrowthisprojectedtorisefromanestimated2.9percentin2019to3.3percentin2020and3.4percentfor2021—adownwardrevisionof0.1percentagepointfor2019and2020and0.2for2021comparedtothoseintheOctoberWorldEconomicOutlook(WEO). 2019 WorldEconomicOutlook,October2019:GlobalManufacturingDownturn,RisingTradeBarriers October15,2019 Description: Afterslowingsharplyinthelastthreequartersof2018,thepaceofglobaleconomicactivityremainsweak.Momentuminmanufacturingactivity,inparticular,hasweakenedsubstantially,tolevelsnotseensincetheglobalfinancialcrisis.Risingtradeandgeopoliticaltensionshaveincreaseduncertaintyaboutthefutureoftheglobaltradingsystemandinternationalcooperationmoregenerally,takingatollonbusinessconfidence,investmentdecisions,andglobaltrade.Anotableshifttowardincreasedmonetarypolicyaccommodation—throughbothactionandcommunication—hascushionedtheimpactofthesetensionsonfinancialmarketsentimentandactivity,whileagenerallyresilientservicesectorhassupportedemploymentgrowth.Thatsaid,theoutlookremainsprecarious. WorldEconomicOutlookUpdate,July2019:StillSluggishGlobalGrowth July18,2019 Description: Globalgrowthremainssubdued.Globalgrowthisforecastat3.2percentin2019,pickingupto3.5percentin2020(0.1percentagepointlowerthanintheAprilWEOprojectionsforbothyears).GDPreleasessofarthisyear,togetherwithgenerallysofteninginflation,pointtoweaker-than-anticipatedglobalactivity. Page:1of8 1 2 3 4 5 6 7 8