What is World Economic Outlook database?

What is World Economic Outlook database?

The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff’s analysis and projections of economic developments at the global level, in major country groups and in many individual countries.

What is IMF World Economic Outlook?

It is a survey by the IMF that is usually published twice a year in the months of April and October. It analyzes and predicts global economic developments during the near and medium term.

WHO releases the World Economic Outlook?

The IMF publishes the WEO report twice a year based on data obtained from its consultations with member countries’ governments. The IMF also publishes two additional and less comprehensive WEO Updates a year, each three months after the main WEO report.

What is the financial outlook for 2021?

Description: The global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022.The 2021 global forecast is unchanged from the April 2021 WEO, but with offsetting revisions. Prospects for emerging market and developing economies have been marked down for 2021, especially for Emerging Asia.

What is the economic outlook for 2022?

Growth in advanced economies is projected to sharply decelerate from 5.1 percent in 2021 to 2.6 percent in 2022—1.2 percentage point below projections in January.

How often is the World Economic Outlook published?

We publish 5-year forecasts for many but not all indicators and country groups in the database.

Where can I find global economic data?

Economic Database Sources

• Bank for International Settlements: quarterly review.
• European Commission: Annual Macro Economic Database (AMECO)
• Eurostat: more than 20 Eurostat databases.
• IMF: Balance of Payments, Direction of Trade, Government Finance, World Economic Outlook, Fiscal Monitor, Financial Soundness etc.

What is the current state of the economy?

US GDP grew 5.7% in 2021 after decreasing 3.4% in 2020. The economy added 6.7 million jobs in 2021, rebounding from 9.3 million lost jobs in 2020. 2021’s average annual unemployment rate was 5.4%, about 2.7 percentage points lower than in 2020 but 1.7 points higher than 2019.

Which country has most stable economy?

• Germany. #1 in Economically stable. #3 in Best Countries Overall. …
• Canada. #2 in Economically stable. …
• Switzerland. #3 in Economically stable. …
• Australia. #4 in Economically stable. …
• Japan. #5 in Economically stable. …
• Sweden. #6 in Economically stable. …
• Norway. #7 in Economically stable. …
• Netherlands. #8 in Economically stable.

Who controls the global economy?

Many people think that the global economy is controlled by governments of the largest economies in the world, but this a common misconception. Although governments do hold power over countries’ economies, it is the big banks and large corporations that control and essentially fund these governments.

What is the rank of India in World Economic Outlook 2021?

The latest IMF data, however, puts India back in the sixth position in 2020, and further down to No 7 in 2021. India’s share in the global GDP is seen to be shrinking from 3.3 per cent of the pie in 2017, to an estimated 3.1 per cent in 2021.

How do I get IMF code?

To access the codes of all economic concepts available in the IMF data site, click on IMF Data – Indicator Mapping Report….To get the Code attribute:

1. Go to the Filter – Indicator panel, and do a right click,
2. Then left click on Attribute.
3. Then left click (select) Code.

Which economy will grow the most in 2021?

India, Saudi Arabia, France and Turkey are leading the bounceback from COVID-19 across the G20 forum of the world’s major economies, according to new data.

Is the world in a recession 2021?

Unfortunately, a global economic recession in 2021 seems highly likely. The coronavirus has already delivered a major blow to businesses and economies around the world – and top experts expect the damage to continue.

How big is the World Economy 2021?

The $94 Trillion World Economy in One Chart.

Will we go into a recession in 2022?

The US economy will likely fall into a mild recession by the end of 2022 as the Federal Reserve raises rates to tame prices, according to economists at Nomura Holdings Inc.

What is the economic forecast for 2023?

According to the majority (68%) of CFOs responding to the survey, a recession will occur during the first half of 2023. No CFO forecast a recession any later than the second half of next year, and no CFO thinks the economy will avoid a recession.

What are the chances of a recession in 2022?

S&P Global Ratings: Beth Ann Bovino, the U.S. chief economist, writes that “economic momentum will likely protect the U.S. economy from recession in 2022.” She puts the probability of a recession at 40 percent, adding that “it’s hard to see the economy walking out of 2023 unscathed.”