The venezuelan economic crisis refers to the deterioration that began to be noticed in the main macroeconomic indicators from the year 2012, and whose consequences continue, not only economically but also politically and socially. Kenya has made significant political, structural and economic reforms that have largely driven sustained economic growth, social development and political. Insight report the global risks report 2017 12th edition. Changes to the april 20 database projections for cyprus are excluded due to the ongoing crisis. Occasional paper international monetary fund, 02516365. The weo is released in april and septemberoctober each year. Worldwide output is expected to grow at just over 3% in 20. World economic and financial surveys, 02566877 semiannual. Temporary oil price shock impact on gdp and current accounts. Wto secretariat estimates based on mirror data for available reporters in the global trade atlas database, global trade information systems.
Bureau of economic analysis released the comprehensive revision of the national income and product accounts nipa. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. International monetary funds world economic outlook database, october 20 edition 8. The economic crisis is a challenge for health and social outcomes. Japan on the abenomics wave euro area is turning the corner from recession to recovery growth spillovers to emerging market economies. The world economic outlook weo database contains selected macroeconomic data series from the statistical. The main version is in english, and it is also published in french and german. Basic statistics of south africa, 2011 the numbers in parentheses refer to the oecd average land, people and electoral cycle population 1 000 000. The world economic forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. While there was some uncertainty about the actual impact of the drought. World economic outlook transitions and tensions 1 rupa duttagupta deputy division chief research department, imf united nations, project link meetings, october 21, 20.
Data refer to calendar years, except for a few countries that use fiscal years. Basic statistics of south africa, 2011 the numbers in parentheses refer to the oecd average land, people and electoral cycle population 1 000. An international dollar would buy in the cited country an amount of goods and services comparable to what a u. The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many individual countries. Economic outlook no 93 june 20 longterm baseline projections. Wiid and swiid are convenient and accessible sources for researchers seeking crossnational data with global coverage. The international monetary fund imf is an international organization headquartered in washington, d. World economic outlook october 2017 research department, international monetary fund.
The world banks work in kenya supports the governments vision 2030 development strategy, which aims to accelerate sustainable growth, reduce inequality, and manage resource scarcity. The oecd economic outlook is the oecds twiceyearly analysis of the major economic trends and prospects for the next two years. The world economic outlook weo is a survey by the imf staff. The noted reasons of credit rating changes were the greatly increased likelihood of economic and financial collapse due to the venezuelan governments policies and an out of control inflation rate. Economic outlook is a twiceyearly analysis available for online viewing, download, and in print published by the organisation for economic cooperation and development oecd with economic analysis and forecasts for future economic performance of oecd countries. The second section presents a brief description of the changes to the database and statistical tables since the april 20 issue of the world economic outlook. The assumptions underlying the estimates and projections for 2014 and the mediumterm scenario for 201518 are summarized in the first section.
Weo update in a nutshell advanced economy growth has picked up robust private demand in the u. The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. Changes to the october 20 database on july 31, 20, the u. The world economic outlook weo database contains selected macroeconomic data series from the statistical appendix of the world economic outlook report, which presents the imf staffs analysis and projections of economic developments at the global level, in major country groups and in many. The recent economic expansion has been boosted by a stable macroeconomic environment, positive investor confidence and a resilient. Imf world economic outlook weo hopes, realities, and risks. Imf, world economic outlook database, october 2017. The oecd economic outlook analyses the major economic trends over the coming 2 to 3 years as well as market forecasts and projections. Ida results measurement system, tier i database wdi may 20, 2020 multitier energy access tracking framework global survey 20162018 may 19, 2020. The table below gives regional percentage values for overall gwp growth from 2006 through 2016, as well as an estimate for 2017 and 2018, according to the international monetary fund imfs world economic outlook database. The oecd economic outlook online database provides historical trends and future projections for a range of economic statistics. Based on the federal open market committees summary of economic projections, my outlook for 20 is. World economic outlook international monetary fund.
The outlook for economic growth in the west is bleak, according to the imfs latest world economic outlook, released on april 16 th. The sierra leone economic update sleu reports on and analyzes recent economic developments and policies within mediumterm, regional, and global contexts and analyzes the implications of these developments and policies for the outlook of the economy. Philippine national statistics office official data, october 20 est. Sudan sits at the crossroads of subsaharan africa and the middle east, and is bordered by seven countries. This article assesses two secondary data compilations about income inequality the world income inequality database wiidv2c, and the standardized world income inequality database swiidv4. Real gdp growth and world trade growth the arithmetic average of world merchandise import and export volumes are seasonally and workingday adjusted annualised rates. Overview of the world economic outlook projections 2 table 1. Data is given in terms of constant yearonyear prices. In the outlook, gdp for the cis is expected to grow by 3. Philippines food processing ingredients booming philippine. Global growth is projected to remain subdued at slightly above 3 percent in 20, the same as in 2012. Projections for these indicators are provided only through 2021. Besides reports on its key events and standalone publications such as the global competitiveness report, the global risks report and the global gender gap report, the. Global growth is in low gear, and the drivers of activity are changing.
World economic outlook international monetary fund world economic outlook. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. Imf executive board discussion of the outlook, april 20. Imf world economic outlook weo, october 20 table of contents. A survey conducted by mintel and gmi in september 2012 of 1,060 internet gamblers in the uk over the age of 18 showed that 32% of. The report includes a special feature analyzing more deeply a special topic. Economic difficulties worldwide are continuing to make greater demands on political attention and financial resources. These include demand and gross domestic product gdp, deflators and prices, general government accounts, households and business sectors, productivity, employment, labour market, financial data, foreign exchange market, interest rates, balance of payments. Imf executive board discussion of the outlook, september 20. Use this database to find data on national accounts, inflation, unemployment rates, balance of payments, fiscal indicators, trade for countries and country groups. Provides a listing of available world bank datasets, including databases, preformatted tables, reports, and other resources. Canada general government gross debt outlook nsa 2024 74. World economic situation and prospects 20 the united nations.
Global economic prospects have improved again, but the bumpy recovery and skewed macroeconomic policy mix in advanced economies are. The timorese authorities have revised the compilation. Daily chart poor little rich countries graphic detail. World economics the global authority on economic data. Longerterm, beyond 2021, the outlook for the global economy is highly uncertain, and we have removed the 5 and 10 year outlook until the conference board global economic outlook model will be fully recalibrated over the summer. Wo emploe so outloo international labour organization. The data in panel 6 wildfire are incorrect in the printed version of the report and the initial pdf posted. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development the first weo was published in 1977 and it has been an annual publication since 1998. The global risks report 2017, 12th edition is published by the world economic forum within the framework of the global competitiveness and risks team. World economics provides the earliest macro data each month showing the ontheground reality in the worlds three biggest growth markets which together currently generate twothirds of all global growth. For oecd countries, the economic outlook database includes data on expenditure, foreign trade, output, employment and unemployment, interest and exchange rates, balance of payments, outlays and revenues of government and of households, government debt. By country groups aggregated data and commodity prices. Economic and environmental systems are simultaneously under stress worldwide and this is testing resilience at the global and national levels.
Department of agriculture global agricultural trade system 6. The world economic forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. The april 2019 international monetary fund imf world economic outlook described venezuela as being in a wartime economy. World economic outlook selected topics 181 tables table 1. Issues for congress congressional research service 2 figure 1. The world economic forum is pleased to present 23 innovative companies selected as technology pioneers 20 in the areas of information technology, telecommunications and new media, energy and environment, and life sciences and health. This is less than forecast in the april 20 world economic outlook. The following sources provided the primary information for analyzing and scoring the 10. The drought caused by the elnino phenomenon affected the economy negatively through reductions in food production.
It provides indepth coverage of the main economic issues and the policy measures required to foster growth in each member. Global economic growth has rebounded and is expected to remain stable but low global economic growth increased to 3. International monetary funds world economic outlook database, october 20 edition 10. In 2017, according to the cias world factbook, the gwp was. This is less than forecast in the april 20 world economic outlook weo, driven to a. In december 20, moodys investors service also downgraded both venezuelas local b1 and foreign currency b2 ratings to caa1. International monetary funds world economic outlook and from the organization for economic cooperation and development, and from the unctad fdi database. The gross world product gwp is the combined gross national income of all the countries in the world. Foreword his document describes the oecd economic outlook database 106th edition.
During 2012, global economic growth has weakened further. Oslo, 1718 april 20 health systems in times of global. School enrollment, primary and secondary gross, gender parity index gpi terrestrial and marine protected areas % of total territorial area total greenhouse gas emissions kt of co2 equivalent urban population. Apr 11, 20 my forecast is that the pace of growth in the u. While economic activity faltered following the 2008 global economic recession, growth resumed in the last five years reaching 5. Based on the federal open market committees summary of economic projections, my outlook for 20 is a little higher than the central tendency of 2. Looking ahead, the economic outlook for africa remains optimistic. Economic outlook and challenges it was to be expected that ethiopias strong economic growth would slow down in 201516 due to the recent drought. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product gdp. Firstround trade balance impact from changes in commodity prices 28 table 1. Public health can be part of the solution to this challenge. Imf world economic outlook weo update growing pains, july. The outlook for world trade and output in 20 and 2014 looks unsettled, as positive economic trends have also been accompanied by more worrisome developments. Imf world economic outlook weo transitions and tensions.
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