World Economic Outlook, April 2002: Recessions and Recoveries

World Economic Outlook, April 2002: Recessions and Recoveries

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The World Economic Outlook, published twice a year in English, French, Spanish, and Arabic, presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.Most countries entered recession in 1929-30 and began their recoveries in 1932- 33; in France, the contraction occurred ... in response to the stock market boom that began in 1926 and the belief that banks should confine their lending strictly to ... precipitated a downturn in the U.S. economy starting in August 1929 (before the stock market crash of October 1929). ... in the suspension of 9, 000 banks ( more than one-third of the total), exacerbated the economic contraction because theyanbsp;...

Title:World Economic Outlook, April 2002: Recessions and Recoveries
Author: International Monetary Fund
Publisher:International Monetary Fund - 2001-12-18

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