IMF World Economic Outlook (WEO) Update, July 2009: Contractionary Forces Receding But Weak Recovery Ahead
The global economy is beginning to pull out of a recession unprecedented in the post-World War II era, but stabilization is uneven and the recovery is expected to be sluggish.
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Volume 2009
Issue 004
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Summary
The global economy is beginning to pull out of a recession unprecedented in the post-World War II era, but stabilization is uneven and the recovery is expected to be sluggish. Economic growth during 2009-10 is now projected to be about 1/2 percentage points higher than projected in the April 2009 World Economic Outlook (WEO), reaching 2.5 percent in 2010.
