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325_Supplement15 - Department of Economics University of...

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Intermediate Macroeconomic Analysis Spring 2011 1 Department of Economics University of Maryland Economics 325 Intermediate Macroeconomic Analysis Supplement 15 Professor Sanjay Chugh Spring 2011 The following article appeared in the Wall Street Journal on April 12, 2011. It describes parts of the International Monetary Fund’s (IMF) World Economic Outlook (an annual assessment of worldwide macroeconomic conditions), which was released on April 11, 2011. Included are revisions of the IMF’s country-specific forecasts for GDP growth, inflation, and other major macroeconomic price and quantity indicators.
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Intermediate Macroeconomic Analysis Spring 2011 2 ECONOMY APRIL 12, 2011 Price Rises Sap Global Recovery, IMF Report Says By SUDEEP REDDY WASHINGTON—Rising commodity prices are posing risks to the global recovery just as many nations are grappling with government debt and wounds from the financial crisis, the International Monetary Fund said Monday. In its outlook for the world economy, the IMF remained relatively upbeat despite several threats on the horizon. Global economic growth should slow to 4.5% this year and next, from 5% in 2010, as governments wind down their stimulus programs, the fund said in a forecast released before its spring meeting this week.
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