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February 2010

Breaking bread with Oxfam over the economic crisis

Merrell Tuck-Primdahl's picture

What do a confident young Australian woman from Oxfam and two Andrew Bs with long experience in economic analysis (one at the WB and one at the IMF) have in common? All three think the economic crisis could have been far worse if it weren’t for the fact that many developing countries were in decent fiscal shape when the crisis hit. They also agree that volatility is here to stay and that welfare programs and schemes for the newly jobless should be well targeted and easy to scale up.

Global trade continues to lag recovery in Industrial Production

Theo Janse van Rensburg's picture

Both industrial production and trade declined sharply in the aftermath of the global financial crisis. In February 2009, global industrial production was falling at 23.7 percent annualized pace, while world import volumes were declining at rates in excess of 40 percent (annualized quarterly growth rates, based on 3-month moving averages of monthly data).

Source: World Bank calculations based on Thomson Datastream data