World Economic Outlook
Encyclopedia
World Economic Outlook is basically a survey conducted and published by International Monetary Fund
. It is published twice and partly updated 3 times in an year. It portrays the world economy
in the near and medium context (basically 4 years). WEO forecasts include the macroeconomic indicators, such as GDP, inflation
, current account
and fiscal balance of more than 180 countries around globe. It also deals with major economic policy
issues.
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
. It is published twice and partly updated 3 times in an year. It portrays the world economy
World economy
The world economy, or global economy, generally refers to the economy, which is based on economies of all of the world's countries, national economies. Also global economy can be seen as the economy of global society and national economies – as economies of local societies, making the global one....
in the near and medium context (basically 4 years). WEO forecasts include the macroeconomic indicators, such as GDP, inflation
Inflation
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a...
, current account
Current account
In economics, the current account is one of the two primary components of the balance of payments, the other being the capital account. The current account is the sum of the balance of trade , net factor income and net transfer payments .The current account balance is one of two major...
and fiscal balance of more than 180 countries around globe. It also deals with major economic policy
Economic policy
Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.Such policies are often...
issues.