The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the qfiscal cliffq facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter 3 explores 100 years of history of dealing with public debt overhangs. 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, an issue explored in depth in Chapter 4.It is also assumed that the government will be able to roll over its debt and finance its deficit at a reasonable cost over the ... (BPM 6), the Monetary and Financial Statistics Manual (MFSM 2000), and the Government Finance Statistics Manualanbsp;...
|Title||:||World Economic Outlook, October 2012|
|Author||:||International Monetary Fund. Research Dept.|
|Publisher||:||International Monetary Fund - 2012-10-08|