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

Topical Annexes

Commodity prices, after strengthening seemingly inexorably appear to have stabilized or are even in falling in response to improved supply conditions.

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Financial markets have improved since last year, with capital flows to developing countries reaching new highs – although as a percent of developing country GDP they remain well below pre-crisis levels.

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Industrial output growth strengthened toward the end of 2012 and in early 2013, expanding at a 3.4 percent annualized pace in the first quarter of 2013, supported by strengthening demand and rising inventories.

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Trade has rebounded led by developing country imports. The majority of developing country exports are now destined for other developing countries.

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Exchange rates in most developing countries appreciated in late 2012, early 2013, in response to Japanese quantitative easing and the large depreciation of the Japanese yen.

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Inflation is subdued as cost pressures related to commodity prices continue to ease and demand factors in high income countries remain weak.

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