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Impact of the GlobalImpact of the GlobalSlowdown on DevelopingSlowdown on DevelopingCountriesCountries
Jeffrey Lewis
Senior Advisor, The World Bank 
Presentation to the OECD Global Forum on DevelopmentDecember 9, 2008
 
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Impact of the Financial Crisis onImpact of the Financial Crisis onDeveloping CountriesDeveloping Countries
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Policy Challenges and ResponsesPolicy Challenges and Responses
 
Current Status of the World EconomyCurrent Status of the World Economy
 
 The world economy entering a major downturn The world economy entering a major downturnOECD countries in recession, enormous financialOECD countries in recession, enormous financialsector dislocation, unknown fiscal costs of sector dislocation, unknown fiscal costs of bailouts, severe real economy dislocations,bailouts, severe real economy dislocations,stagflation potentialstagflation potentialDeveloping country growth rate ex China & IndiaDeveloping country growth rate ex China & Indiadown by half down by half Emerging markets witnessing internationalEmerging markets witnessing internationalreserves declining, volatile equity and foreignreserves declining, volatile equity and foreignexchange marketsexchange marketsWeakening global trade - world trade likely toWeakening global trade - world trade likely todecrease in 2009 for the first time since the 1982decrease in 2009 for the first time since the 1982recession, remittances droppingrecession, remittances dropping
Current Status of the World EconomyCurrent Status of the World Economy
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