Emerging from the Global Crisis: Macroeconomic Challenges Facing Low-Income Countries

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Emerging from the Global Crisis: Macroeconomic Challenges Facing Low-Income Countries by International Monetary Fund, INTERNATIONAL MONETARY FUND
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Author: International Monetary Fund ISBN: 9781462341474
Publisher: INTERNATIONAL MONETARY FUND Publication: February 22, 2011
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: International Monetary Fund
ISBN: 9781462341474
Publisher: INTERNATIONAL MONETARY FUND
Publication: February 22, 2011
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. Emerging from the Global Crisis explores how LICS have coped with the global economic crisis. It reviews the impact of the crisis on LICs, domestic policy responses to the crisis, and the precrisis conditions of select countries. The prospects and challenges that LICs face are also considered. Sections of the paper look at growth prospects, policy recommendations, the general macroeconomic outlook, as well as the rebuilding of fiscal buffers. The authors also "stress-test" LICs' exposure to further volatility by using a hypothetical "downside" recovery scenario.
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Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. Emerging from the Global Crisis explores how LICS have coped with the global economic crisis. It reviews the impact of the crisis on LICs, domestic policy responses to the crisis, and the precrisis conditions of select countries. The prospects and challenges that LICs face are also considered. Sections of the paper look at growth prospects, policy recommendations, the general macroeconomic outlook, as well as the rebuilding of fiscal buffers. The authors also "stress-test" LICs' exposure to further volatility by using a hypothetical "downside" recovery scenario.

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