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Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
policy response to the COVID-19 pandemic across 154 jurisdictions. It documents that authorities around the world have taken …
Persistent link: https://www.econbiz.de/10012434630
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012230745
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012229095
Robert B. Zoellick, President of the World Bank Group, discussed the implications of the 2009 financial upheaval that … is changing our world. He addressed the following: (i) what are the perceptions and realities of power after this crisis …
Persistent link: https://www.econbiz.de/10012645156
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well. However, following a short-lived initial rebound in activity in 2010, the global economy and, especially, emerging market and...
Persistent link: https://www.econbiz.de/10012646707
As governments around the world struggle to piece together the most effective fiscal response to counter the economic …
Persistent link: https://www.econbiz.de/10012647392
Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
Persistent link: https://www.econbiz.de/10012257019
development experts from IFC, the International Monetary Fund, and the World Bank discussed the unfolding crisis. This paper is a … product of the staff of the Financial and Private Sector Development Vice Presidency of the World Bank Group. The scenarios … described in this paper do not necessarily reflect the views of the World Bank Group, its Executive Directors, or the …
Persistent link: https://www.econbiz.de/10012247924
This is a speech given by James D. Wolfensohn, President of the World Bank Group, at the Annual Meetings held in …
Persistent link: https://www.econbiz.de/10012248356