Global Economic Monitoring Branch (GEMB)

May 2009 Summary:? World economy will contract by 2.6 per cent in 2009; recovery in 2010 is possible, but risks of prolonged recession are high. Developing countries are disproportionately hit by the crisis.

January 2009 Summary: There are increasing signs that the world economy is entering a recession. Slowing global demand underpinned a further decline in oil prices. Weakening economic conditions led to furt

2009 Bangkok, 26-28 October Report on t

June 2009 Summary: First quarter data underscore the severity of the crisis across the globe. Although some high-frequency indicators for developed economies suggest a slowing of the downturn, economic recovery is still far

March 2009 Summary: Global financial markets remain highly volatile. Global imbalances are unwinding in disorderly fashion, heightening the risk of exchange-rate volatility. Unemployment is increasing worl

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 transf

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 risi

New York, 23-24 October Report of the Project

The World Economic Situation and Prospects 2008 highlights the risk of a recession in the United States and a hard landing of the global economy as a whole. The combination of a deep housing slump in the United States, continuous devaluation