IMF Economic and Fiscal Updates – Oct 2013

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IMF LogoThe IMF has just released three reports, the latest World Economic Outlook (WEO), “Transitions and Tensions,” the update to the Global Financial Stability Report (GFSR), “Transition Challenges to Stability;” and the Fiscal Monitor (FM), “Taxing Times.”

According to the WEO, global growth is in low gear, and the drivers of activity are changing. These dynamics raise new policy challenges. Advanced economies are growing again but must continue financial sector repair, pursue fiscal consolidation, and spur job growth. Emerging market economies face the dual challenges of slowing growth and tighter global financial conditions.

The update of the GFSR examines current risks facing the global financial system as it undergoes a series of transitions along the path toward greater financial stability.

According to the IMF’s Fiscal Monitor, Persistently high debt ratios in advanced economies and emerging fragilities in the developing world cast clouds on the global fiscal landscape.

Access World Economic Outlook here.

Access Global Financial Stability Report here.

Access Fiscal Monitor here.