World Economic Outlook "EMPOWER IAS"

News:The International Monetary Fund(IMF) has released the World Economic Outlook Report.

 

Facts:

• The World Economic Outlook (WEO) is a report by the International Monetary Fund that analyzes key parts of the IMF’s surveillance of economic developments and policies in its member countries. It also projects developments in the global financial markets and economic systems.

• The report is published twice a year.
• Aim: To provide analysis and forecasts of economic developments of member countries and highlights risks and uncertainty.

 

 

International Monetary Fund(IMF):

• It is an organization of 189 countries which seeks to ensure the stability of the International monetary system.
• Headquarters:Washington,US.
• Other Reports: a) Global Financial Stability Report and b) Fiscal Monitor(FM).