World Economic and Financial Surveys

Chia sẻ: Nguyen Tien Hung | Ngày: | Loại File: PDF | Số trang:251

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World Economic and Financial Surveys

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The global economy is in a severe recession infl icted by a massive fi nancial crisis and acute loss of confi dence. While the rate of contraction should moderate from the second quarter onward, world output is projected to decline by 1.3 percent in 2009 as a whole and to recover only gradually in 2010, growing by 1.9 percent. Achieving this turnaround will depend on stepping up efforts to heal the fi nancial sector, while continuing to support demand with monetary and fi scal easing.

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