The pace of recovery has disappointed in recent years, and downside risks have increased, including from heightened geopolitical tensions. These increased risks make it a priority to raise actual and potential growth. In a number of economies, an increase in public infrastructure investment can...

The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, and...

Global growth remains moderate and uneven, and a number of complex forces are shaping the outlook. These include medium- and long-term trends, global shocks, and many country- or region-specific factors. The April 2015 WEO examines the causes and implications of recent trends, including lower...

This paper highlights that the world economic condition improved significantly during 1988. In industrial countries, output growth strengthened markedly in an environment of moderate inflation. World trade expanded at its fastest rate since 1984, which had important spillover effects on many...

This paper highlights that the growth of world economic activity in 1991 is expected to fall to a scant 1 percent, the lowest in any year since 1982, when the industrial economies were in recession. The slowdown in the expansion of world trade would be considerably more pronounced. Output growth...