World Economic Outlook; Recessions and recoveries

The analysis and projections contained in the World Economic Outlook are integral elements of the IMF's surveillance of economic developments and policies in its member countries, developments in international financial markets,and the global economic system. The survey of prospects and policies is the product of a comprehensive interdepartmental review of world economic developments, which draws primarily on information the IMF staff gathers through its consultations with member countries. These consultations are carried out in particular by the IMF's area departments together with the Policy Development and Review Department, International Capital Markets Departments, the Monetary and Exchange Affairs Department, and the Fiscal Affairs Department. The analysis in this report has been coordinated in the Research Department under the general direction of Kenneth Rogoff, Economic Counselor and Director of Research. The project has been directed by David Robinson, Senior Advisor of the Research Department, together with Tamim Bayoumi Division Chief, World Economic Studies Division.