IMF's World Economic Outlook Report
The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries.
After experiencing the first contraction since 1945, global output is expected by the IMF to grow by 4.2% this year and by a further 4.3% in 2011. But it stressed that the multi-speed nature of the recovery would continue, with the advanced economies growing by 2.3% this year but China and India posting expansion of 10% and 8.8% respectively.
Europe will be the slowest-growing part of the global economy, with all five of the leading economies struggling to boost output by more than 1.5% this year.
Full details of the report can be found here.
The IMF has created a graph showing expected growth during 2010-2011 and a copy has been extracted from the report here.
Monday, 26 April, 2010
