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The International Economy and the Stages of Recovery Essay

Assignment id 1015477
Discipline Self Improvement
Assignment type Essay
Words 1900
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The global economy and the stages of recovery: As is known, there was a decline in global GPD growth rates during the previous two years due to the international financial crisis that began in August 2007; it is considered among the most acute disasters experienced by the international market since World War II. According to the newest update to the World Economic Outlook from the International Monetary Fund (January 26, 2010), global GDP growth fell from 5 percent p.a. at 2007 to 3.2 percent in 2008, falling to -.08% by 2009. According to the report, the entire world market has begun to expand , and there have been improvements in fiscal conditions. It is a significant improvement, but it will still take time to come back to where it was previously. In accordance with World Economic Outlook, it's expected that there will be slight increase in global GDP by 2010 at approximately 4%. A slow growth in advanced economies is expected throughout 2010, reaching an annual growth rate of approximately 1.25%, compared to 3.5% contraction in 2009. On the flip side, in emerging markets, it's anticipated that the development of gross domestic product will reach an annual rate of approximately 5% in 2010 compared to 1.75% in the previous year. A increase in global demand for oil in 2010 is anticipated because of the continuing global economic recovery. The emerging markets constitute the key sources of growth in consumption, while the developed countries are still facing deep problems. There will be a weakening of the growth momentum in the second half of the year once the impact of policies to stimulate the economy disappears, which would lead to a decline in their demand for oil. (World Economic Outlook Update,2010) The capital markets outlook: It is widely known that the capital marke...

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