April 2009
Summary:
Unemployment, trade and capacity utilization face sharpest deterioration since World War II
Widening gaps in external financing for developing countries call for large international transfers
G20 reaches agreement on provision of $1.1 trillion in additional funding for emerging and?developing countries, on substantial reform of financial regulation and on full commitment to?ODA pledges
Countries continue to scale up policy measures to stabilize the financial sector and stimulate the real economy
According to the World Trade Organization, the volume of world goods trade faces its largest decline since World War II, plunging by 9 per?cent in 2009. In addition to factors…
Monthly Briefing on the World Economic Situation and Prospects, No. 7
February 2009
Summary:?
The impact of the financial crisis on economic activity has intensified worldwide.
Industrial production and international trade flows have declined sharply, and unemployment is rapidly rising globally.
Countries need to move more swiftly to forceful and globally coordinated policy actions to prevent the financial crisis from turning into a large-scale economic and social crisis.
The world economy has begun 2009 on a grim note. The major developed economies had already fallen into a deep recession, while developing countries are now also experiencing a dramatic downturn. After tens of trillions of dollars of?financial wealth have evaporated, the global financial…
Monthly Briefing on the World Economic Situation and Prospects, No. 5
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