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An update to these projections was published on March 31, 2009.
News release | Update (PDF)

2012b References

Included in this list are various links to non-World Bank materials. And while we hope you find these links to be of value, please note the World Bank is not responsible for the content of non-World Bank websites. 


  • Abiad, Abdul and others. 2009. “What’s the Damage? Medium-term Output Dynamics After Banking Crises”. IMF Working Paper. WP/09/245

  • G20. 2011. G20 Coherent Conclusions for the Management of Capital Flows Drawing on Country Experiences. October 15, 2011. (Available at

  • International Monetary Fund. (2012) Fiscal Monitor: Balancing Fiscal Policy Risks. April 2012.

  • Milberg, W., and Winkler, D. (2010) “Trade , Crisis , and Recovery: Restructuring Global Value Chains”, in Cattaneo, Gerriffi and Staritz (eds), Global Value Chains in a Post Crisis World, pp. 23-72. The World Bank, Washington DC.

  • Ostry, Jonathon and others. (2010). “Capital Inflows: The Role of Controls”. IMF Staff Position Note. SPN 10/04.

  • Qureshi, M. S., J. D. Ostry, A. R. Ghosh and M. Chamon. 2011. “Managing capital inflows: The role of capital controls and prudential policies.” Working Paper 17363, National Bureau of Economic Research: Cambridge MA.

  • Razmi A., & Blecker, R. (2006). Developing Country Exports of Manufactures: Moving Up the Ladder to Escape the Fallacy of Composition?

  • Senhadji, A. S., & Montenegro, C. E. (1999). “Time Series Analysis of Export Demand Equations: A Cross-Country Analysis”. IMF Staff Papers. 46(3), 259-273.

  • Tötder, Karl-Heinz. 2010. “How useful is the carry-over effect for short-term forecasting?”. Deutsche BundesBanke Economic Studies, no. 21/2010.

  • World Bank. 2010A. Global Economic Prospects: Crisis, Finance and Growth. World Bank. Washington DC.

  • World Bank. 2011B. Global Economic Prospects: Maintaining Progress amid Turmoil. World Bank. Washington DC.

  • World Bank. 2012A. Global Economic Prospects: Uncertainties and Vulnerabilities. World Bank. Washington DC.
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