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Global Economic Update

Global Economic Update. EMBARGOED : Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. March 31, 2009. Overview.

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Global Economic Update

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  1. Global Economic Update EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. March 31, 2009

  2. Overview Financial crisis is having dramatic, instantaneous effects on production and trade in virtually every country. Although initially private sectors are hit, fiscal pressures will quickly intensify. Risk of balance-of-payment crises are substantial. EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes.

  3. Financing climate changed dramatically after September 2008 as confidence sunk EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Financial media coverage of crisis Source: World Bank, DEC Prospects Group.

  4. The heartbeat of the global economy EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Global IP m/m % growth Source: World Bank, DEC Prospects Group.

  5. The heartbeat of the global economy EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Global IP m/m % growth Source: World Bank, DEC Prospects Group.

  6. The heartbeat of the global economy EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Global IP 12m/12m % (monthly) growth Low- and middle-income High-income Source: World Bank, DEC Prospects Group.

  7. World production collapses EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Global IP m/m % growth Source: World Bank, DEC Prospects Group.

  8. EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Sharp downturn in private capital flows has hit private firms hard Debt and equity flows by borrower type $ Billion (12-month sum) Private corporations State-owned corporations Sovereign Source: World Bank, DEC Prospects Group.

  9. Sharp declines in IP across the world, especially in economies specialized in investment goods EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Industrial production; %change, January 2009 versus July 2008 Source: World Bank, DEC Prospects Group.

  10. Sharp fall in growth in developing world EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. GDP growth, percent Source: World Bank, DEC Prospects Group.

  11. World economy contracting for the first time on record EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Growth of real GDP, percent Developing World High Income Source: World Bank data and projections.

  12. Even if growth turns positive again, the level of GDP will remain well below potential and economic distress acute EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Output gap : Difference between actual GDP and GDP at full employment, as a percent of potential Developing High-income Record levels of spare capacity Source: World Bank, DEC Prospects Group.

  13. General Government Balance EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Percent share of GDP Forecast Source: World Bank, DEC Prospects Group

  14. External financing gaps are concentrated in three regions: ECA, LAC and SSA… EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Estimated external financing gaps across regions Source: World Bank, DEC Prospects Group.

  15. ECA oil importing countriescurrent account balance %GDP EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes. Source: World Bank data and projections.

  16. Developing countries need support To mitigate the impact on most vulnerable in societies To avert balance-of-payment crises To alleviate fiscal pressures To restore growth dynamics EMBARGOED: Not for newswire transmission, posting on websites, or any other media use until 05:00 a.m. EDT, March 31, 2009 which is 09:00 GMT/UTC (10:00 a.m., UK) See Embargo Policy for penalties for breaking embargoes.

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