World Economic Outlook

World Economic Outlook, April 2010: Rebalancing Growth

April 21, 2010

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World Economic Outlook, April 2010: Rebalancing Growth, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The global economic recovery is progressing better than expected, but the speed of recovery varies, as outlined in the April 2010 World Economic Outlook. Some countries, notably in Asia, are off to a strong start, but growth in others is constrained by lasting damage to the financial sector and to household balance sheets. The challenge for policymakers is to ensure a smooth transition of demand, while maintaining supports that promote growth and employment. There is also a need to contain and reduce public debt and repair and reform the financial sector. This issue of the WEO also explores two other key challenges in the wake of the Great Recession: how to spur job creation in the face of likely high and persistent unemployment in advanced economies, and how countries that previously ran large current account surpluses or deficits can promote growth by rebalancing external and domestic demand.

Subject: Balance of payments, Current account surpluses, Economic growth, Economic recession, Employment, Employment subsidies, Labor, Unemployment, Unemployment rate

Keywords: Advanced economy, Asia and Pacific, Caribbean, Central and Eastern Europe, CIS economy, Commonwealth of Independent States economy, Current account, Current account surpluses, Economic recession, Economy, Employment, Employment growth, Employment subsidies, Europe, Global, Growth outlook, Inflation expectation, Middle East, North Africa, Reversal episode, Sub-Saharan Africa, Surplus, Surplus reversal, U.S. dollar, Unemployment, Unemployment rate, WEO

Publication Details

  • Pages:

    261

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    World Economic Outlook No. 2010/001

  • Stock No:

    WEOEA2010001

  • ISBN:

    9781589069152

  • ISSN:

    0256-6877