World economic outlook frequently asked questions imf. Since then, some risks have partially receded with the announcement of a uschina phase i trade deal and. The world economic outlook weo is a report by the international monetary fund that analyzes key parts of the imfs surveillance of economic developments and policies in its member countries. The latest imf world economic outlook trims its 2016 and 2017 global growth forecast by a tenth each year. These are then aggregated, and through a series of iterations where the aggregates feed back into individual countries. The recovery is projected to strengthen in 2017 and beyond, driven primarily by emerging market and developing economies, as conditions in stressed economies start gradually to normalize. Related documents world economic outlook, april 2016, imf. Chapters give an overview as well as more detailed. Global economic prospects january 2016 europe and central asia 95 percent of total trade for georgia and is around 7 percent for bulgaria, tajikistan, and uzbekistan. Pakistans growth rates are based on gdp at factor cost. Other advanced economies advanced economies excluding g7 and euro area subsaharan africa.
International monetary fund, world economic outlook. For the latest forecasts on the economic impacts caused by the coronavirus pandemic, please consult the oecd economic outlook interim report coronavirus. International monetary fund imf middle east center for. Oct 16, 2019 imfs world economic outlook weo what to study. Due to data availability, fm longrun average for 19902008 starts in 1993.
Federal reserve board economic outlook and monetary policy. This calendar provides events for 196 countries including data releases for 300. The egdds was established in 2015 to guide countries in data dissemination by supporting transparency, encouraging statistical development, and helping create strong synergies. Selected series from the publication are available in a database format. 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 staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. Aggregates that include these countries are calculated using data compiled on a calendar year basis. Thus, the virus outbreak has become one of the biggest threats to mankind, the global economy and financial markets. The shortterm fiscal policy assumptions used in the world economic outlook weo are normally based on officially announced budgets, adjusted for differences between the national authorities and the imf staff regarding macroeconomic assumptions and projected fiscal outturns. Tourist arrivals fell sharply as the sector continued to feel the pinch from lingering crimerelated issues.
The imf s world economic outlook uses a bottomup approach in producing its forecasts. Data refer to calendar years, except in the case of a few countries that use fiscal. In the october world economic outlook, we described the global economy as in a synchronized slowdown, with escalating downside risks that could further derail growth. For optimum experience we recommend to update your browser to the latest version. The washingtonbased institution forecast in october a global growth rate of 3% for 2019 and of 3. Imf, world economic outlook update, january 2016 note. Macroeconomic performance and outlook the liberian economy has faced uncertainty in the past two years due to declining mining exports and rising inflation and currency depreciation. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing. African economic outlook 2016 african development bank. India retains its rank as the worlds fastestgrowing major economy, tying with china. World economic outlook international monetary fund world economic outlook. The eu regular economic report rer is a periodic publication of the world bank group and covers economic developments and prospects, as well as economic policies in the european union. General features and composition of groups in the world economic outlook classification 165 table a.
Imf further excludes unbudgeted revenues and estimates debtservicetorevenue ratio at 66 percent imf article iv, 2017. World economic outlook, october 2016 imf bookstore. Global growth, which in 2016 was the weakest since. 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. Data from the country source are updated on their own schedule. Imf data home page imf data international monetary fund. Jan 16, 2018 the aggregated quarterly data are seasonally adjusted. The sdds was established in 1996 to guide countries seeking access to international capital markets in the dissemination of economic and financial data to the public. Given the differences in geographical coverage, weights, sampling, and methodology of the two series and the authorities decision in december 2015 to discontinue the ipcnu, the average cpi inflation for 2014, 2015, and 2016 and endperiod inflation for 2015 are not reported in the april 2016 world economic outlook. The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on april 4, 2017. According to the october 2016 world economic outlook, global growth is projected to slow to 3.
The most recent revisions and estimates by the imf world economic outlook suggest a difference of 0. World economic outlook, october 2016, imf page created. June 2016 and imf world economic outlook, april 2016. When no official budget has been announced, projections incorporate.
The steady expansion under way since mid2016 continues, with global growth for 201819 projected to remain at its 2017 level. It presents imf staff economists analyses of global economic developments during the near and medium term. World economic outlook international monetary fund. Imf warns of global stagnation as growth outlook cut again. Classification by world economic outlook groups and their shares in aggregate gdp, exports of goods and services, and population, 2010 167 table b. It also projects developments in the global financial markets and economic systems.
Real effective exchange rates are assumed to remain constant at the levels prevailing during november 9december 7, 2015. International monetary fund imf data and statistics. According to the report released recently, the global economy is at its slowest pace of growth at 3%. Emerging market party buttressed by upbeat imf outlook hsbc. Monetary funds latest world economic outlook, one of the most closely watched sets of economic forecasts in the world. At the same time, however, the expansion has become less balanced and may have peaked in some major economies. The views expressed in this publication are those of the. Faculty research features prominently in imf report on. News and analysis related to the international monetary fund, or imf. Uganda has reached a critical point in its development. 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 staffs analysis and projections of economic developments at the global level, in. Oct 17, 2019 international monetary fund imf has released its report world economic outlook weo 2019 recently.
World economic outlook weo definition investopedia. Thailand economic outlook deloitte thailand insights. Since then, some risks have partially receded with the announcement of a uschina phase i trade deal and lower likelihood of a nodeal brexit. Brexit has worsened the outlook for global economic growth. Economic momentum appears to have ebbed in the final three months of last year. The african economic outlook aeo was prepared by a consortium of three teams from the african development bank afdb, the oecd development centre and the united nations development programme undp.
The mission of the imf s middle east center for economics and finance cef in kuwait is to build capacity through handson training for policy makers from the arab league countries, as well as to lead conferences, symposia and seminars geared at strengthening the design and implementation of sound economic policies in the region. The world economic outlook is a biennial report that is released in april and october of every year. The publication provides a macro economic outlook of the world economy as well as two thematic chapters. Jan 16, 2017 maurice obstfeld, chief economist at international monetary fund, discusses the imfs world economic outlook, with a focus on china, the postbrexit u. 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. This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for economic calendar. World economic outlook, april 2016, imf page created. The international monetary fund imf is an international organization headquartered in washington, d.
Jamaica economy gdp, inflation, cpi and interest rate. Data for groupings are simple averages for all countries where data is available. 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 markets. Imf further excludes unbudgeted revenues and estimates debtservicetorevenue ratio at 66 percent imf. Economic outline of mauritius mauritius trade easy. Multiple digital editions of the weo, including epub, enhanced pdf, mobi, and. The stockholm institute of transition economics site has the pleasure to invite you to the presentation of the imfs flagship publication, the world economic outlook weo april 27, 2016. The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on march 28, 2016. Output growth in the aftermath of the commodity boom, chapter 2 of the international monetary funds imf, 2015 world economic outlook. On february 1, 20, the imf issued a declaration of censure and since then has called on.
On june 9, imf african department director antoinette sayeh presented the imf s regional economic outlook for subsaharan africa, which argues that the regions mediumterm prospects remain. The global economic outlook world economic forum annual. Jul 19, 2016 in its latest world economic outlook, the imf said that it is revising its baseline outlook for 2016 global growth down by 0. The views expressed are those of the authors and do not necessarily represent the views of the imf and its executive board. For more detail on the recent experiences and likely prospects of commodity exporters, see where are commodity exporters headed. The imf weo report presents inflation data on a calendar year basis. Oct 16, 2017 the imf in its latest world economic outlook said it expects emerging and developing market growth to rise from 4. India retains its rank as the world s fastestgrowing major economy, tying with china. Composite pmi of dm and em economies trends in imf world economic outlook source. Front matter published on by international monetary fund. The year 2019 was a difficult year for the global economy with world output growth estimated to grow at its slowest pace of 2. Global economic activity is picking up with a longawaited cyclical recovery in investment, manufacturing, and trade. Covid19, which first emerged in the chinese city of wuhan last december, has infected more than 400,000 people in at least 190 countries and territories globally, according to the world health organization. Imfs 2019 world economic outlook weo has been released.
The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on september 23, 2016. Data refer to calendar years, except in the case of a few countries that use fiscal years. Global economic prospects january 2016 europe and central asia 83 note. The data referred to herein is derived from the imf world economic outlook report database october 2018 imf weo report, unless otherwise indicated. The report focuses on four regional subgroups that share broad economic similarities see map. Aid flows have slowed, and public debt is rising, and is expected to increase above 40 percent of gdp by the end of 2019. Central europe comprises bulgaria, croatia, the czech republic. Challenges to steady growth october 3, 2018 description. The world economic outlook weo database is created during the biannual weo exercise, which begins in january and june of each year and results in the april and septemberoctober weo publication. Multiple digital editions of the weo, including epub, enhanced pdf, and html.
World bank global economic prospects and imf world economic outlook. In its january 2016 world economic outlook, the imf once again downwardly revised its forecast growth rates for 2016 for both em and dm, following a similar move in october 2015. Frequently asked questions about the world economic outlook publication. Given the differences in geographical coverage, weights, sampling, and methodology of these series, the average cpi inflation for 2014, 2015, and 2016 and endofperiod inflation for 2015 are not reported in the october 2016 world economic outlook. The baseline projection for global growth in 2016 is a modest 3. Data presented in the imf weo report as estimated is identified with an. Apr 12, 2016 imf chief economist maury obstfeld introduces the world economic outlook 2016 and highlights the funds findings and recommendations for policymakers going forward. Imf lowers global economic outlook after brexit vote. The egdds was established in 2015 to guide countries in data dissemination by supporting transparency, encouraging statistical development, and helping create strong synergies between data dissemination and surveillance. International monetary fund imf has released its report world economic outlook weo 2019 recently. Economies are listed on the basis of economic size. World economic and financial surveys, 02566877 semiannual. Occasional paper international monetary fund, 02516365.
Iraqs economic outlook spring 2016 the latest mena economic monitor report spring 2016, expects iraqs economy to recover from a low base, growing at 7. Key findings, reasons for slowdown and measures proposed. For further information see box a2 in the april 2004 world economic outlook, box 1. Stronger activity, expectations of more robust global demand, reduced deflationary pressures, and optimistic. Difference based on rounded figures for the current, july 2017 world economic outlook update, and april 2017 world economic outlook forecasts. Before the june 23 vote in the united kingdom in favor of leaving the european union, economic data and financial market developments suggested that the global economy was evolving broadly as forecast in the april 2016 world economic outlook weo. Imf world economic outlook weo update, january 2016. The world economic outlook weo is a survey by the imf staff published twice a year, in the spring and fall.
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