As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. Countering Future Recessions in Advanced Economies: Cyclical Policies in an Era of Low Rates and High DebtDampening Global Financial Shocks in Emerging Markets: Can Macroprudential Regulation Help? Additionally, medium-term projections
In a baseline scenario--which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound—the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalizes, helped by policy support. The World Economic Outlook (WEO) database contains selected
countries and country groups (aggregates), and Data are available from 1980 to the present, and projections are
World Economic Outlook, April 2020 (1.5 MB) IMF World Economic Outlook April 2020. are available for selected indicators.
Among these, emerging markets are confronting a sharp tightening in global financial conditions. Against this backdrop, this chapter asks whether, based on historical experience, countries that have adopted a more stringent level of macroprudential regulation—aimed at strengthening financial stability—are better placed to withstand the impact of global financial shocks on domestic macroeconomic conditions. unemployment rates, balance of payments, fiscal indicators, trade for
As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. April World Economic Outlook projects global growth in 2020 to fall to -3 percent. macroeconomic data series from the statistical appendix of the Use this database to find data on national accounts, inflation,
Because the economic fallout is acute in specific sectors, policymakers will need to implement substantial targeted fiscal, monetary, and financial market measures to support affected households and businesses domestically. The IMF Press Center is a password-protected site for working journalists.The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. This chapter examines the drivers of migration, its recent evolution, its possible developments going forward, and its economic impact on recipient countries.© 2020 International Monetary Fund. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries.The WEO is released in April and September/October each year. And internationally, strong multilateral cooperation is essential to overcome the effects of the pandemic, including to help financially constrained countries facing twin health and funding shocks, and for channeling aid to countries with weak health care systems.More than a decade after the global financial crisis, the world is struggling with the health and economic effects of a profound new crisis caused by the COVID-19 pandemic. given for the next two years. Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. In 2021 global growth is projected at 5.4 percent. All rights reserved.
incomplete or unavailable for certain years.
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