As a result of the pandemic, the global economy is projected to contract sharply by 3 percent in 2020, much worse than during the 200809 financial crisis. The global economic outlook world economic forum annual. The world economic outlook offers a comprehensive assessment of the international economic situation as well as prospects for the future. The international monetary fund cut indias economic growth estimate for 201617 to 6. Changes to the october 2015 database data for lithuania are now included in the euro area aggregates, but they were excluded in the april 2015 weo. Strong growth in india, relatively strong growth in the united states, disappointing but improving growth in europe and japan, slowing growth in china and weakness in many other emerging. Impact on 201517 gdp deviations from one standard deviation increase in drivers. The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents. Imf update of the world economic outlook october 2014 global growth disappoints, pace of recovery uneven and countryspecific a weak and uneven global. Global economic activity is picking up with a longawaited cyclical recovery in investment, manufacturing, and trade, according to chapter 1 of this world economic outlook. The international monetary fund imf held its world economic outlook press conference on wednesday april in washington dc. The international monetary fund imf is an international organization headquartered in washington, d. Overview of the world economic outlook projections 2 table 1. General features and composition of groups in the world economic outlook classification 206 table a.
A weakening global expansion amid growing risks imf blog. The international monetary fund cut thursday its projection of global economic growth in 2015 to 3. Imf weakest global growth outlook since 2009 crisis rt. World economic outlook, october 2016 imf bookstore.
World economic outlook international monetary fund. International monetary fund, world economic outlook. Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015 207 table b. Imf cuts world economic outlook for 2015 usa today. Contents international monetary fund october 2015 v tables table 1. The world has changed dramatically in the three months since our last update of the world economic outlook. World economic outlook, october 2018 international monetary fund. The international monetary fund imf slightly cut its outlook for global economic expansion for both 2014 and 2015. World economic outlook transitions and tensions 1 rupa duttagupta deputy division chief research department, imf united nations, project link meetings, october 21, 20. Imf kept global growth estimates for the current year and next year stable in its world economic outlook weo released in april 18, from its last update in january 18. Global growth remains moderate, with uneven prospects across the main countries and regions. Wor l d econom i c a nd f i na n ci a l s ur v ey s world economic outlook april 2017. The aggregated quarterly data are seasonally adjusted.
Inquiries about the content of the world economic outlook and the weo database should be sent by mail, fax, or online forum telephone inquiries cannot be accepted. Imf releases new world economic outlook live business. For further information see box a2 in the april 2004 world economic outlook, box 1. World economic outlook international monetary fund world economic outlook. Changes to the april 2015 database on january 1, 2015, lithuania became the 19th country to join the euro area. Global growth remains moderate, with uneven prospects across the main countries and. But the imfs recently released world economic outlook, which includes economic growth forecasts for 185 countries, wasnt completely negative we selected 20 countries with the. World economic outlook 2014 imf linkedin slideshare.
Imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. Backlash to world economic order clouds outlook at imf. Maurice obstfeld, chief economist at international monetary fund, discusses the imfs world economic outlook, with a focus on china, the postbrexit u. In its latest world economic outlook released tuesday, the fund highlighted the threats from the antitrade movement to an already subdued global expansion. Imf world economic outlook weo, april 2015 table of contents. This issue discusses a number of factors affecting global growth, as well as growth prospects across the world s main countries and regions. It assesses the ongoing recovery from the global financial crisis in advanced and emerging market economies and evaluates risks, both upside and downside, including those associated with commodity prices, currency fluctuations, and financial market.
Using several recently available global datasets, this staff discussion note examines macroeconomic effects of financial inclusion. The outlook on the global agenda 2015 reflects the thought leadership of the worlds foremost intelligence welcome klaus schwab founder and executive. The revisions reflect a reassessment of prospects in china, russia, the euro area, and japan as well as weaker activity in some major oil exporters because of the sharp drop in oil prices. The international monetary fund imf is an international organization that was initiated in 1944 at the bretton woods conference and. Global agenda councils outlook on the global agenda 2015. The world economic outlook weo database contains selected macroeconomic. Imf study warns free trade seen as benefiting only a. Imf world economic outlook weo update, january 2015. The united states is the only major economy for which growth projections have been raised. Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2015.
The biggest reduction came in nigeria, where the imf cut its project by 4. World economic studies division research department international monetary fund. The covid19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. The world economic outlook weo database contains selected macroeconomic data. The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and. Slower growth in emerging markets, a gradual pickup in advanced economies. A report by the international monetary fund imf that contains analysis and projections of the integral elements of the imfs surveillance of. The institution decided to lower its forecast due to weaker growth in. The imf upgraded its global economic growth forecast for 2017 by 0. Imfblog is a forum for the views of the international monetary fund imf staff and officials on pressing economic and policy issues of the day. The imf staff is also using alternative measures of inflation for macroeconomic surveillance. International monetary fund imf data and statistics. Imf downgrades global economic outlook again agency cuts 2015 global growth view to 3. The imf has called on argentina to adopt remedial measures to address the quality of these data.
Policymakers must address needs of tradeaffected workers, international monetary funds new world economic outlook says larry elliott tue 27 sep 2016 11. Economic activity in emerging and developing economies is also projected to tick down to 4. The year of 2024 started with promise of recovery, but quickly descended into. Six years after the world economy emerged from its broadest and deepest postwar recession, the holy grail of robust and synchronized global expansion remains elusive, said the imf. World economic outlook expects global growth to be 3.