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Executive
Summary: Arabic,
Chinese,
English,
French,
Russian,
Spanish
The global economy is on the mend …
The world economy is on the mend. After a sharp, broad and synchronized global
downturn in late 2008 and early 2009, an increasing number of countries have registered
positive quarterly growth of gross domestic product (GDP), along with a notable recovery
in international trade and global industrial production. World equity markets have also
rebounded and risk premiums on borrowing have fallen.
… but recovery is fragile
The recovery is uneven and conditions for sustained growth remain fragile. Credit conditions
are still tight in major developed economies, where many major financial institutions
need to continue the process of deleveraging and cleansing their balance-sheets.
The rebound in domestic demand remains tentative at best in many economies and is
far from self-sustaining. Much of the rebound in the real economy is due to the strong
fiscal stimulus provided by Governments in a large number of developed and developing
countries and to the restocking of inventories by industries worldwide. Consumption and
investment demand remain weak, however, as unemployment and underemployment rates
continue to rise and output gaps remain wide in most countries.
In the outlook, global economic recovery is expected to remain sluggish, employment
prospects will remain bleak and inflation will stay low.
Full
report
(202 pgs, 1.59kb)
Table
of Contents
Chapter
I (46 pages, 431kb)
Global outlook
Macroeconomic prospects for the world economy
Chapter
II (25 pgs, 276kb)
International trade
Merchandise trade in times of crisis
Chapter
III (32 pgs, 314kb)
Financial flows to
developing countries
Net resource transfers from poor to rich countries
Chapter
IV (38pgs, 436kb)
Regional developments
and outlook
Statistical
Annex (34 pgs, 294kb)
Annex
tables 
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