World Economic Outlook October 2013

With the global financial meltdown in the rear view mirror, the world’s economies are traveling in new directions. Once battered by crisis, advanced economies are showing modest growth and good potential, while the formerly buoyant emerging nations are butting against structural and cyclical economic problems. Both camps must deal with high and chronic unemployment with its social, political and fiscal ramifications. Pending unknowns – like the impact of the anticipated end of the US Federal Reserve’s easing and a slowdown in China’s growth – create significant new risks. Teams of researchers and analysts from the International Monetary Fund tracked the world’s economies to assess their conditions and make some informed projections about 2014 and beyond. getAbstract sees the IMF’s comprehensive approach and reasoned analysis about the state of the global economy as required reading for bankers, business executives and economists.