The world economy continues to be buffeted by the burgeoning downdraft of the financial crisis
and volatile commodity prices. As such, the outlook points to a major downturn for the global
economy, with growth falling to its slowest pace since the 2001–02 recession. However, authorities
around the world have taken further, massive, and increasingly coordinated corrective actions. The
central scenario in the World Economic Outlook anticipates that these will be successful in stabilizing