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Alabama 2, Does not include pumped-storage hydroelectricity. Prior to , includes non-biomass waste. Note: Totals may not equal sum of components due to independent rounding. A positive number Sources: Data sources, estimation procedures, and assumptions are described in the Technical Notes.

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Some issues also have thematic titles. Economic development — Periodicals. Economic forecasting — Periodicals. Economic policy — Periodicals. International economic relations — Periodicals. International Monetary Fund. Series: Occasional paper International Monetary Fund. Series: World economic and financial surveys. The WEO is prepared by the IMF staff and has benefited from comments and suggestions by Executive Directors following their discussion of the report on September 25, Recommended citation: International Monetary Fund.

Washington October. Publication orders may be placed online, by fax, or through the mail: International Monetary Fund, Publication Services P. Box , Washington, DC , U. The Trade Implications of the U. Shale Gas Boom 32 Box 1. Country and Regional Perspectives. Yields Matter for Spillovers 68 References 74 Chapter 3.

Is It Time for an Infrastructure Push? The Macroeconomic Effects of Public Investment. Data Sources and Country Groupings 91 Appendix 3. Improving the Efficiency of Public Investment Box 3. Data Definitions, Sources, and Descriptions Appendix 4. Panel Estimations Appendix 4. Distortions, Policies, and Imbalances Appendix 4.

Counterfactual Output Gap Analysis Appendix 4. Vulnerability Thresholds Box 4. Advanced Economies by Subgroup Table C. European Union Table D. Key Data Documentation Box A1. Tables Table 1. Regression Results 33 Table 1. Elasticity of Output to Public Capital 87 Table 3. Economy Group Composition 92 Table 3. Data Sources 93 Table 3. Summary Classification of Nonfinancial Assets Table 4.

Largest Deficit and Surplus Economies, and Table 4. Data Sources Table 4. Sample Economies Table 4. Panel Regression Results, — Table 4.

Panel Regression Results, —13 Table 4. Summary of World Output Table A2. Summary of Inflation Table A6. Summary of World Trade Volumes and Prices.

Table A Online Tables Table B1. Global Activity Indicators Figure 1. Global Inflation Figure 1. Monetary Conditions in Advanced Economies Figure 1. Fiscal Policies Figure 1. External Sector Figure 1. Exchange Rates and Reserves Figure 1. Risks to the Global Outlook. Figure 1. Recession and Deflation Risks Figure 1. Iraq Oil Shock Figure 1. Secular Stagnation Figure 1.

Capacity, Unemployment, and Output Trends Figure 1. Commodity Market Developments Figure 1. Balance of Risks Figure 1. Natural Gas Prices Figure 1. Manufacturing Sector Exports Figure 1. Growth Forecast Errors by Region, —13 Figure 1. Implied Volatility Figure 2. Drivers of U. Yields Figure 2. Spillovers from U. Money and Real Shocks Figure 2.

Physical Measures of Infrastructure Figure 3. Quality of Infrastructure in G7 Economies Figure 3. Figure 3. Japan: Public Investment and Growth Figure 3. General Government Assets and Liabilities, Figure 3. Fiscal Policies and Public Investment Figure 4. Largest Deficit Economies, and Figure 4. Largest Surplus Economies, and Figure 4. Gross Foreign Assets and Liabilities Figure 4. Global Current Account Imbalances Figure 4. Current Account Balances Figure 4. Real GDP Figure 4.

Real Domestic Demand Growth Figure 4. Real External Demand Growth Figure 4. The final column of Table 4. A corrected version of the table, including the final column, has been substituted in the electronic versions. The data in Figure 3. A revised version of the figure, including the corrected panel, has been substituted in the electronic versions. October 23, The data underlying the confidence bands in panel 1 of Figure 1.

These are, of course, working hypotheses rather than forecasts, and the uncertainties surrounding them add to the margin of error that would in any event be involved in the projections. The estimates and projections are based on statistical information available through September 19, The following conventions are used throughout the WEO:. Data refer to calendar years, except in the case of a few countries that use fiscal years. Please refer to Table F in the Statistical Appendix, which lists the economies with exceptional reporting periods for national accounts and government finance data for each country.

For some countries, the figures for and earlier are based on estimates rather than actual outturns. Please refer to Table G in the Statistical Appendix, which lists the latest actual outturns for the indicators in the national accounts, prices, government finance, and balance of payments indicators for each country. Notable changes include the following: 1 Merchanting has been reclassified from services to exports of goods. In addition, the conventional sign for increases in assets and liabilities within the financial account is now positive, and balances are now computed as net acquisition of financial assets minus net incurrence of financial liabilities.

Table A13, which previously summarized data on net and private financial flows in emerging market and developing economies, is now a Summary of Financial Account Balances.

Table A14 has been deleted because of data constraints. As a result, the subsequent tables have been renumbered, so that the former Tables B22 through B27 are now Tables B16 through B As in the April WEO, data for Syria are excluded from onward because of the uncertain political situation.

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Some issues also have thematic titles. Economic development — Periodicals. Economic forecasting — Periodicals. Economic policy — Periodicals. International economic relations — Periodicals. International Monetary Fund. Series: Occasional paper International Monetary Fund.

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