Emerging from the global crisis
macroeconomic challenges facing low-income countries
by Stefania Fabrizio
Although the impact of the global crisis has been severe, real per capita GDP growth stayed positive in two-thirds of low-income countries (LICs), unlike in previous global downturns, and in contrast to richer countries. This publication explores how LICS have coped with the global economic crisis. It reviews the impact of the crisis on LICs, domestic policy responses to the crisis, and the precrisis conditions of select countries. The prospects and challenges that LICs face are also considered. Sections of the paper look at growth prospects, policy recommendations, the general macroeconomic outlook, as well as the rebuilding of fiscal buffers. The authors also "stress-test" LICs' exposure to further volatility by using a hypothetical "downside" recovery scenario.--Publisher's description.
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Emerging from the global crisis: macroeconomic challenges facing low-income countries
2010, International Monetary Fund
in English
1616350733 9781616350734
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Includes bibliographical references (p. 94-96).
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