World Economic Outlook (WEO) – Coping with high debt and sluggish growth, published by IMF (10/2012). “WEO assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the ‘fiscal cliff’ facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies…In emerging market and developing economies, activity has been slowed by policy tightening in response to capacity constraints, weaker demand from advanced economies, and country-specific factors, but policy improvements have raised these economies’ resilience to shocks…”
