From the International Monetary Fund:
World Economic Outlook Reports------
Regional Economic Outlook Reports------
Global Financial Stability Reports
Regional Economic Outlook Reports
Update Regional Economic Outlook Reports
These reports discuss recent economic developments and
prospects for countries in various regions. They also address economic policy
developments that have affected economic performance in the regions and discuss
key challenges faced by policymakers. The reports include data for countries in
the regions. These reports are part of the World Economic and Financial Surveys
Series
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Regional Economic
Outlook: Asia
and Pacific region
November 2008
The November 2008 Asia and Pacific REO focuses on the difficult
economic environment facing policymakers in the region. Chapter 1
provides an overview of the outlook for the region. With growth
slowing, and the global financial crisis increasingly affecting the
region, macroeconomic and financial policies will need to be
proactive. Chapter 2 looks more closely at inflation in Asia,
finding that it is increasingly imported and volatile, which raises
important questions about monetary policy frameworks in the future.
Chapter 3 takes a longer-term look at how the expected rapid aging
of the region may affect capital flows and financial markets in the
years to come.
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Regional
Economic Outlook: Europe
October 2008
The financial crisis has reached extraordinary proportions in recent
months. At the same time commodity prices increases have boosted
headline inflation, depressing consumption. Growth is expected to
stagnate in the near term in most advanced European economies as
asset price booms deflate and banks curb credit to reduce leverage.
Growth will slow down significantly in the emerging economies in
Europe as well. Mutually reinforcing deterioration in financial and
economic conditions is the main downside risk to the outlook.
Stabilizing financial conditions and nurturing growth are the key
policy priorities. In addition to the outlook, the report presents
analytical work on the impact of high commodity prices, the
turnaround in the credit and asset price cycles, and the
macroeconomic effects of cross-border labor flows.
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Regional Economic
Outlook: Middle
East and Central Asia region
October 2008
Regional Economic Outlook: Middle East and Central Asia underlines
that the region has continued to experience strong growth in 2008,
and the short-term outlook is generally favorable. However,
inflation has emerged as a key issue, and while the global credit
crunch has thus far had a limited impact on regional financial
markets, the financial turmoil and slowdown in developed economies
could lower growth in the period ahead. Policies will need to focus
on tightening the fiscal and monetary stance where appropriate, with
greater exchange rate flexibility, and continuing efforts to
strengthen the resilience of financial sectors.
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Regional Economic
Outlook: Sub-Saharan
Africa region
October 2008
Sub-Saharan Africa's prospects have deteriorated somewhat and the
risks have increased, according to the October 2008 Regional
Economic Outlook: Sub-Saharan Africa. Growth in the region is
projected to dip to 6 percent in 2008 and 2009. The fall is due
mainly to the global food and fuel price shock, which has weighed
particularly on growth in oil-importing countries, and to the global
financial market turmoil, which has slowed global growth and demand
for Africa's exports. Inflation is expected to rise to 12 percent in
2008, mainly on account of the food and fuel price shock. As a
result of rising prices, particularly of food, poverty may well be
on the increase in 2008. In 2009, inflation should ease to 10
percent, helped by recent commodity price declines. There are
significant risks to the outlook related to a potentially deeper and
longer period of global financial turmoil and resulting slowdown in
global activity, and substantial uncertainty concerning commodity
prices.
Français
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Regional
Economic Outlook: Western Hemisphere
October 2008
The ongoing global turmoil represents a confluence of negative
shocks for Latin America and the Caribbean: a freeze in global
credit markets, weaker external demand, and lower commodity prices.
But the region is expected to deal with these global shocks better
than in previous crises, reflecting progress made in improving
macroeconomic fundamentals over the past decade. Still, there are a
number of downside risks going forward. Against this uncertain
background, the report discusses the implications of the global
financial crisis for the regional outlook and the corresponding
challenges facing policymakers.
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Regional
Economic Outlook: Middle East and Central Asia region
May 2008
The Middle East and Central Asia region grew at 6.5 percent in 2007,
marking its best five-year performance over the past 30 years. So
far, the turmoil in international financial markets has had a
limited impact on the region, and the short-term outlook remains
very favorable. The report reviews recent economic developments,
assesses the outlook for the coming year, and discusses key policy
challenges. In addition, it takes a closer look at both regional
topics--such as the rise in inflation in the GCC countries,
intraregional capital flows, developments in oil markets,
developments in real estate prices, and sovereign wealth funds--and
country reviews for Algeria, Georgia, Iraq, and West Bank and Gaza.
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Regional
Economic Outlook: Asia and Pacific
April 2008
2008 is shaping up as a challenging year for Asia. Activity in most
economies remains fairly buoyant, but growth in the United States
and, to a lesser extent, Europe is slowing sharply. Given its
extensive trade and financial linkages with the rest of the world,
Asia is unlikely to delink. At the same time, inflation pressures
are picking up across much of the region. Moreover, the
still-unfolding global financial crisis adds a dimension of
uncertainty to the picture, and the balance of risks remains on the
downside. However, most countries in the region are well-placed to
undertake counter-cyclical policies should these prove necessary.
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Regional
Economic Outlook: Europe
April 2008
Europe is facing slower growth as a result of protracted financial
turbulence and spillovers from the U.S. Meanwhile, inflation has
risen sharply. Policymakers in advanced economies will have to
continue to support financial markets and balance risks to real
activity with the need to anchor inflation. Emerging Europe is well
placed to continue to grow, albeit at a slower pace, amid concerns
about overheating and external imbalances in several countries.
Sound macroeconomic policies and structural reforms will be
necessary to ensure a soft landing in these countries and smooth
convergence throughout the region.
русский
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Regional Economic
Outlook: Sub-Saharan
Africa region
April 2008
The region's prospects continue to be promising, but global
developments pose increased risks to the outlook. Growth in
sub-Saharan Africa should again average about 6 1/2 percent in 2008
with oil exporters leading the way; meanwhile, growth in oil
importers is expected to taper off, though only modestly. With food
and energy prices still rising, inflation is projected to average
about 8 1/2 percent this year for countries in the region, setting
aside Zimbabwe. Risks in 2008 are tilted to the downside, but the
region is better placed today to withstand a worsening of the global
environment.
Français
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Regional
Economic Outlook: Western Hemisphere
April 2008
The main focus of this report is the outlook for the region in the
face of the downturn now projected for the U.S. economy and the
continuing risks that affect the global outlook. Overall the region
is better placed than in the past to navigate the current financial
turbulence, given reduced vulnerabilities and stronger policy
frameworks. Nonetheless, the report points to risks that the global
financial stress could curtail capital flows to the region and world
commodity prices could fall more than expected. There are also risks
arising from rising inflation and rapid private credit growth in a
number of countries. The report then explores the policy options
facing governments in the region, underscoring the need to preserve
the gains of recent years.
Español
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Regional
Economic Outlook: Europe
November 2007
Strong fundamentals should allow Europe to weather financial
turbulence relatively well. Nonetheless, growth is set to ease in
2008 in nearly all countries. Policymakers will need to deal up
front with the financial market turmoil, while implementing fiscal
consolidation and structural reforms, including in the financial
sector, to address vulnerabilities, raise medium-term growth
prospects, and deliver on the promise of convergence for emerging
Europe. Three analytical chapters discuss reforms to strengthen
Europe's financial systems to allow advanced economies to benefit
from innovation without incurring excessive risk and, in emerging
economies, to manage rapid financial deepening and develop financial
systems further.
Français русский
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Regional
Economic Outlook: Western Hemisphere
November 2007
In spite of a slower U.S. economy and recent market turbulence,
growth in the Latin America and Caribbean region has continued at a
robust pace. This reports explores the resilience of the LAC region
to external shocks and the policy challenges involved in sustaining
the region's improved fundamentals. The analysis focuses, in
particular, on real and financial linkages with the United States,
the strength of underlying fiscal positions, and the sustainability
of the ongoing credit boom.
Español português
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Regional
Economic Outlook: Asia and Pacific
October 2007
Economic developments in Asia have been positive so far in 2007.
Growth has been stronger (and in many cases more balanced) than
expected across much of the region, again led by China and India,
and inflation pressures remain largely contained. Moreover, Asia
weathered the recent financial turbulence relatively well. The
outlook is favorable, with growth expected to decline only modestly
in 2008 as foreign demand for Asia's exports slows. The main risk
for the region is a sharper-than-expected global slowdown.
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Regional
Economic Outlook: Middle East and Central Asia
October 2007
The Middle East and Central Asia is undergoing a remarkable
transformation driven by rapid GDP growth and high oil and non-oil
commodity prices. The report presents common economic trends and
reviews prospects and policies for the coming year in light of the
global economic environment. This latest REO includes boxes treating
both regional topics--such as growth in the Maghreb countries;
developments in the oil markets; the boom in the GCC countries, and
the impact of the recent global credit squeeze on the region--and
country-specific reviews, of Kazakhstan, Armenia, Egypt, Pakistan,
and the UAE.
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Regional
Economic Outlook: Sub-Saharan Africa
October 2007
The region's prospects look strong. Growth in sub-Saharan Africa
should reach 6 percent in 2007 and 6¾ percent in 2008. The economic
expansion is strongest in oil exporters but cuts across all country
groups. This would extend a period of very good performance. In
recent years, sub-Saharan Africa has been experiencing its strongest
growth and lowest inflation in over 30 years.
Français
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Regional
Economic Outlook: Middle East and Central Asia
May 2007
The report provides a broad overview of recent economic developments
and prospects in countries covered by the IMF's Middle East and
Central Asia Department, and highlights the need for strengthened
policies to sustain growth and reduce unemployment.
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Regional
Economic Outlook: Asia and Pacific
April 2007
The recent economic and financial developments and trends in Asia
and the Pacific are examined in this latest REO, including issues
related to Asia's trade performance, notably in the high-tech
sector, and the February-March bout of turbulence in the region's
financial markets. The near-term outlook, key risks, and their
related policy challenges are analyzed throughout, as well as in
special chapters that look more closely at the evolving nature of
capital inflows, housing market developments, and the impact of
commodity price booms on lower-income economies.
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Regional
Economic Outlook: Sub-Saharan Africa
April 2007
Sub-Saharan Africa's growth performance during the past three years
has been the best in more than three decades, and higher oil
revenues and increased debt relief have been used to make progress
toward the Millennium Development Goals (MDGs). Despite spending
pressures, most countries have managed to preserve macroeconomic
stability with policies intended to support and sustain the region's
higher growth. This latest REO is complemented by analyses on the
macroeconomic challenges for oil producers, changing trade patterns,
including with China, and the development of government debt
markets.
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Regional
Economic Outlook: Western Hemisphere
April 2007
The past year has been one of strong economic performance for the
Western Hemisphere, notwithstanding somewhat slower growth in the
United States in recent quarters. Can this performance be sustained,
and what challenges does the region face? Reviewing macroeconomic
prospects and risks, this report pays particular attention to the
influence of the external environment on Latin America, and
addresses the question of whether Latin America has now succeeded in
breaking with its history of periodic growth reversals.
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Regional Economic
Outlook: Western Hemisphere November, 2006 This
report provides the IMF's latest views on recent developments and prospects for
the region, discusses potential risks to the forecast, and describes key policy
challenges. Español
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Regional Economic
Outlook: Asia and Pacific September, 2006 This
report gives the IMF's view of the outlook for Asia, identifies the main risks
to growth, and considers the key factors that will influence capital inflows.
The REO also discusses short-run macroeconomic policy issues for the region, as
well as longer-term challenges, including the need to raise consumption and
rebalance growth, develop further regional financial and capital markets, and
address growing income inequality.
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Regional Economic
Outlook: Middle East and Central Asia September,
2006 The report provides a broad overview of recent economic developments,
and prospects and policy issues for 2006 and 2007. MCD countries are divided
into three groups: oil exporters, low-income countries, and emerging markets.
Countries are grouped based on the share of oil in total exports, per capita
income, and access to international capital markets.
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Regional Economic
Outlook: Sub-Saharan Africa Date: September,
2006 Prepared by the Policy Wing of the IMF African Department, and published
twice a year in English and French, this report analyzes economic performance
and short-term prospects of the 44 countries covered by the Department. Topics
examined in recent volumes include responses to exogenous shocks, growth
performance and growth-enhancing policies, the effectiveness of regional trade
arrangements, macroeconomic implications of scaled-up aid, financial sector
development, and fiscal decentralization. Detailed country data, grouped by
oil-exporting and -importing countries and other analytical groupings as well as
by subregion, are provided in a statistical appendix, and a list of relevant
publications by the African Department is included.
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Regional Economic
Outlook: Asia and Pacific Date: May, 2006 This report
gives the IMF's view of the outlook for Asia, identifies the main risks to
growth, and considers the key factors that will influence capital inflows. The
REO also hones in on the policy challenges facing the region, especially the
need to spur domestic demand, so that growth becomes more balanced and
sustainable and helps reduce the large global current account imbalances. 日本語
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Regional Economic
Outlook: Middle East and Central Asia Date: May,
2006 The report provides a broad synopsis of recent economic developments and
prospects in the countries covered by the IMF's Middle East and Central Asia
Department, and highlights the need for policies to adjust further to a world of
high oil prices.
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Regional Economic
Outlook: Sub-Saharan Africa Date: May, 2006 Prepared
by the Policy Wing of the IMF African Department, and published twice a year in
English and French, Regional Economic Outlook: Sub-Saharan Africa analyzes
economic performance and short-term prospects of the 44 countries covered by the
Department. Topics examined in recent volumes include responses to exogenous
shocks, growth performance and growth-enhancing policies, the effectiveness of
regional trade arrangements, macroeconomic implications of scaled-up aid,
financial sector development, and fiscal decentralization. Detailed country
data, grouped by oil-exporting and - importing countries and by subregion, are
provided in an appendix and a statistical appendix, and a list of relevant
publications by the African Department is included. Français
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Regional Economic
Outlook: Western Hemisphere, 2006 Midyear Update Date:
April, 2006 This provides a midyear update on recent economic
developments and prospects for countries in the region. The update describes
policy developments that have helped underpin the region's recent favorable
economic performance and also discusses the key challenges that policymakers
will face in managing vulnerabilities, fostering growth and poverty reduction,
while maintaining macroeconomic stability.
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Regional
Economic Outlook: Sub-Saharan Africa Supplement Date:
October, 2005 Against a background of an easing of demand for
imports in advanced countries, average real GDP growth is now expected to
decline slightly in 2005 from its strong performance in 2004.
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Regional Economic Outlook: Asia
and Pacific Date: September, 2005 Looking ahead,
prospects are relatively bright. Regional growth is expected to amount to 6%
both this year and next, propelled by vigorous exports and strong domestic
demand in China and India.
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Regional Economic
Outlook: Middle East and Central Asia Date: September,
2005 This Regional Economic Outlook, covering countries in the Middle East
and Central Asia Department (MCD), provides a broad synopsis of recent economic
developments, highlighting common macroeconomic trends and policies. In light of
recent developments, the Regional Economic Outlook focuses on two topics: the
economic consequences of the oil boom on the region's oil exporters, and the
policy responses to upward exchange rate pressure in some MCD
countries.
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Regional Economic
Outlook: Sub-Saharan Africa Date: May, 2005 This
first, annual issue of Regional Economic Outlook: Sub-Saharan Africa analyzes
economic, trade, and institutional issues in 2004, and prospects in 2005, for
the 42 countries covered by the African Department (for data reasons, Eritrea
and Liberia are excluded). Topics examined include responses to exogenous
shocks, growth performance and growth-enhancing policies, and the effectiveness
of regional trade arrangements. Detailed aggregate and country data (as of
February 24, 2005) are provided in the appendix. Français
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Regional
Economic Outlook: Sub-Saharan Africa Date: October,
2004 This Outlook has a special focus on regional integration initiatives in
Africa. As emphasized at the recent summit of the African Union, accelerated
regional integration has the potential of boosting economic growth and promoting
poverty reduction.
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Regional
Economic Outlook: Sub-Saharan Africa Date: March,
2004 The updated Regional Economic Outlook for sub-Saharan Africa paints a
mixed picture of economic outcomes in 2003 and projections for 2004. On the
bright side, a significant number of countries continued to experience
relatively strong growth in 2003, and the number is expected to increase this
year.
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Regional
Economic Outlook: Sub-Saharan Africa Date: June,
2003 The analysis and projections contained in this first issue of the
African Department's Regional Economic Outlook aim at supplementing the
Department's bilateral surveillance of economic developments and policies in its
member countries. The survey of recent economic developments and prospects is
the product of a comprehensive intradepartmental review of economic developments
in sub-Saharan Africa that draws primarily on information the staff gathers
through consultation with member countries in the context of surveillance and
lending activities.
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