World Economic Outlook, October 2007 Globalization and Inequality

The global economy grew strongly in the first half of 2007, although turbulence in financial markets has clouded prospects. While the 2007 forecast has been little affected, the baseline projection for 2008 global growth has been reduced by almost ½ percentage point relative to the July 2007 World E...

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Bibliographic Details
Corporate Author: International Monetary Fund Research Dept
Format: eBook
Language:Chinese
Published: Washington, D.C. International Monetary Fund 2008
Series:World Economic Outlook
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a United States 
653 |a Inflation 
653 |a Income 
653 |a Finance 
653 |a Income distribution 
653 |a Personal income 
653 |a Deflation 
653 |a Long-term Capital Movements 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Aggregate Factor Income Distribution 
653 |a International economics 
653 |a Globalization 
653 |a Personal Income, Wealth, and Their Distributions 
653 |a Property & real estate 
653 |a Price Level 
653 |a Capital inflows 
653 |a Emerging and frontier financial markets 
653 |a Prices 
653 |a Financial services industry 
653 |a Macroeconomics 
653 |a Income inequality 
653 |a Capital movements 
653 |a Finance: General 
653 |a International Investment 
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520 |a The global economy grew strongly in the first half of 2007, although turbulence in financial markets has clouded prospects. While the 2007 forecast has been little affected, the baseline projection for 2008 global growth has been reduced by almost ½ percentage point relative to the July 2007 World Economic Outlook Update. This would still leave global growth at a solid 4¾ percent, supported by generally sound fundamentals and strong momentum in emerging market economies. Risks to the outlook, however, are firmly on the downside, centered around the concern that financial market strains could deepen and trigger a more pronounced global slowdown. Thus, the immediate focus of policymakers is to restore more normal financial market conditions and safeguard the expansion. Additional risks to the outlook include potential inflation pressures, volatile oil markets, and the impact on emerging markets of strong foreign exchange inflows. At the same time, longer-term issues such as population aging, increasing resistance to globalization, and global warming are a source of concern