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AIECE general report; report submitted at the general meeting of 5-6 November 2009

Author

Listed:
  • Wim Suyker
  • Jos Ebregt

    (CPB Netherlands Bureau for Economic Policy Analysis)

  • Douwe Kingma
  • Gerard van Welzenis

Abstract

The worst part of the financial crisis is behind us. Nevertheless, the fall in global output in 2009 will be the largest of the post-war period. As a result, unemployment and government deficits are rising steeply this year, while inflation will be very low. Financial market support measures and expansionary macroeconomic policy have brought the steep output drop to an end and are leading to a tentative recovery of world output and world trade from the third quarter onwards.This upswing will continue next year, provided that the gradual return to normalcy now taking place in financial markets holds. The uncertainty that surrounds future international developments remains high.

Suggested Citation

  • Wim Suyker & Jos Ebregt & Douwe Kingma & Gerard van Welzenis, 2009. "AIECE general report; report submitted at the general meeting of 5-6 November 2009," CPB Document 197, CPB Netherlands Bureau for Economic Policy Analysis.
    • Handle: RePEc:cpb:docmnt:197
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    File URL: https://www.cpb.nl/sites/default/files/publicaties/download/aiece-general-report-report-submitted-general-meeting-5-6-november-2009.pdf
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    More about this item

    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • F01 - International Economics - - General - - - Global Outlook

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