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World Economic Outlook April 2013
Report

World Economic Outlook April 2013

Hopes, Realities, Risks

Olivier Blanchard
IMF, 2013
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Editorial Rating

8

Qualities

  • Analytical

Recommendation

The International Monetary Fund has produced a clear outlook for the global economy. The picture is generally bright with a few issues on the horizon. If the global economy were a horse race, there would be three packs: China and emerging markets in front; the United States, Canada and Japan in the middle; and Europe lagging behind. For all the volatility the recession introduced, inflation has hardly shifted, suggesting that perhaps central bankers may have learned how to manage that important part of the economy. Though the paper’s language can be stiff at times, it’s tempered by the report’s eye-catching graphics and illuminating insights. getAbstract recommends this authoritative look at the world economy to executives and investors.

Take-Aways

  • The euro zone is dealing with its debt crisis, and the US avoided the fiscal cliff, so a global economic crisis is no longer a threat in the short term.
  • Recovery from the recession has split the world’s economies into three groups:
  • China and emerging markets will lead the way with robust growth as high as 8%.

About the Author

Olivier Blanchard is economic counselor and director of research at the International Monetary Fund.

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