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This academic site promotes excellence in teaching and researching economics and development, and the advancing of describing, understanding, explaining and theorizing. (Róbinson Rojas)

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World Economic Outlook Reports

A Survey by the IMF Staff usually published twice a year. It presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview as well as more detailed analysis of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.
See also, the World Economic Databases


IMF World Economic Outlook -- April 2007
Spillovers and Cycles in the Global Economy

IMF World Economic Outlook -- September 2006
Financial Systems and Economic Cycles

IMF World Economic Outlook -- April 2006
Globalization and Inflation

IMF World Economic Outlook -- September 2005
Building Institutions

IMF World Economic Outlook -- April 2005
Globalization and External Imbalances

IMF World Economic Outlook -- September 2004
The Global Demographic Transition

IMF World Economic Outlook -- April 2004
Advancing Structural Reforms

IMF World Economic Outlook -- September 2003
Public Debt in Emerging Markets

IMF World Economic Outlook -- April 2003
Growth and Institutions

IMF World Economic Outlook -- September 2002
Trade and Finance

IMF World Economic Outlook -- April 2002
Recessions and Recoveries

IMF World Economic Outlook -- December 2001
The Global Economy After September 11

IMF World Economic Outlook -- October 2001
The Information Technology Revolution

IMF World Economic Outlook -- May 2001
Fiscal Policy and Macroeconomic Stability

IMF World Economic Outlook -- October 2000
Focus on Transition Economies

IMF World Economic Outlook -- May 2000
Asset Prices and the Business Cycle

IMF World Economic Outlook -- October 1999
Safeguarding Macroeconomic Stability at Low Inflation

IMF World Economic Outlook -- May 1999
International Financial Contagion

World Economic Outlook and International Capital Markets -- December 1998
Interim Assessment

IMF World Economic Outlook -- October 1998
Financial Turbulence and the World Economy

IMF World Economic Outlook -- May 1998
Financial Crises: Causes and Indicators

IMF World Economic Outlook -- December 1997
Interim Assessment: Crisis in Asia: Regional and Global Implications
The economic and financial crisis that erupted in southeast Asia in July 1997 continued to deepen and broaden as of December, and spillover effects from investors' deteriorating confidence in emerging market economies were being felt throughout the global financial system. This special Interim Assessment of the World Economic Outlook revises regional and global economic projections made by the IMF staff, as published in the October 1997 issue, in light of the crisis; charts the buildup to the crisis and its onset and evolution; assess effects on the advanced economies and on private financing for developing countries, and raises policy issues that the crisis has posed.

IMF World Economic Outlook -- October 1997
Global Economic Prospects and Policies

IMF World Economic Outlook -- May 1997
Global Economic Prospects and Policies

IMF World Economic Outlook -- October 1996
Global Economic Prospects and Policies

IMF World Economic Outlook -- May 1993
Global Economic Prospects and Policies

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


Regional Economic Outlook: Western Hemisphere
Date: 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.
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Regional Economic Outlook: Asia and Pacific
Date: 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.


Regional Economic Outlook: Middle East and Central Asia
Date: 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.

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.

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.
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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.


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.
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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.

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.

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.

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.

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.
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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.

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.

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.


Global Financial Stability Report
A Report by the International Capital Markets Department on Market Developments and Issues

September 2006:  This particular issue draws, in part, on a series of discussions with commercial and investment banks, securities firms, asset management companies, hedge funds, insurance companies, pension funds, stock and futures exchanges, credit rating agencies, and academic researchers, as well as regulatory and other public authorities in major financial centers and countries. The report reflects information available up to July 14, 2006.

April 2006:  This particular issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, hedge funds, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies, as well as regulatory authorities and academic researchers in many major financial centers and countries. The report reflects information available up to February 10, 2006

September 2005:  This particular issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, hedge funds, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies, as well as regulatory authorities and academic researchers in many financial centers and countries. The report reflects information available up to July 22, 2005.

April 2005:  This particular issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, hedge funds, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies, as well as regulatory authorities and academic researchers in many financial centers and countries. The report reflects information available up to February 16, 2005.

September 2004:  This issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, hedge funds, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in Canada, Colombia, France, Germany, Hong Kong SAR, Italy, Japan, Mexico, the Netherlands, Poland, Singapore, Switzerland, the United Kingdom, and the United States. The report reflects information available up to July 30, 2004

April 2004:  This issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in Brazil, Chile, China, Colombia, France, Germany, Hong Kong SAR, Hungary, Japan, Korea, Mexico, Poland, Russia, Singapore, South Africa, Thailand, the United Kingdom, and the United States. The report reflects mostly information available up to March 8, 2004

September 2003:  This issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in Brazil, Chile, China, Hong Kong SAR, Hungary, Poland, Russia, Singapore, South Africa, and Thailand, as well as the major financial centers. The report reflects mostly information available up to August 4.

March 2003:  This issue of the Global Financial Stability Report marks the beginning of a new semiannual frequency for the publication. This issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in Brazil, Chile, China, Hong Kong SAR, Hungary, Japan, Poland, Russia, Singapore, Thailand, the United Kingdom, and the United States. The report reflects mostly information available up to February 28, 2003.

December 2002:  This is the fourth issue of the Global Financial Stability Report, a quarterly publication launched in March 2002 to provide a regular assessment of global financial markets and to identify potential systemic weaknesses that could lead to crises. This report reflects mostly information available up to November 4, 2002.

June 2002:  This is the second issue of the Global Financial Stability Report. This particular issue draws, in part, on a series of informal discussions with commerical investment banks, securities firms, asset management companies, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in China, Germany, Hong Kong SAR, Hungary, Italy, Japan, Poland, Singapore, Switzerland, Thailand, the United Kingdom, and the United States. The report reflects mostly information available up to May 10, 2002.

September 2002:  This is the third issue of the Global Financial Stability Report, a quarterly publication launched in March 2002 to provide a regular assessment of global financial markets and to identify potential systemic weaknesses that could lead to crises. By calling attention to potential fault lines in the global financial system, the report seeks to play a role in preventing crises before they erupt, thereby contributing to global financial stability and to the prospertity of the IMF's member countries.

March 2002:  Reviews recent developments in global financial markets and explores the potential market impact of financial imbalances and continued credit quality deterioration. It also focuses on the expansion of credit risk transfer mechanisms -- such as credit derivatives and collateralized debt obligations -- as a means for distributing credit risks. The report concludes with two essays: one on Early Warning System models and another on alternative funding instruments for emerging market countries.