Review of the Fund’s Income Position for FY 2010 and FY 2011

Download or read book Review of the Fund’s Income Position for FY 2010 and FY 2011 written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2010-04-23 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Securing the recovery. The global recovery has been better than expected. The WEO projections see global output expanding by about 41⁄4 percent in 2010 and 2011. Extraordinary and coordinated policy intervention since the crisis has all but eliminated the risk of another Great Depression, laying the foundation for recovery. Nevertheless, the recovery is proceeding at varying speeds—it is tepid and policy-dependent in many advanced economies, but solid in most emerging and developing economies.