Global Shocks and their Impacton Low-Income Countries : Lessons From theglobal Financial Crisis /

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non-fuel exporting) low-income countries (LICs). Four conclusions stand out. First, for many individual LICs, 2009 was not extraordinarily calamitous; however, aggregate LIC output declined shar...

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Bibliographic Details
Main Author: Papageorgiou, Chris
Other Authors: Pattillo, Catherine, Schindler, Martin, Weisfeld, Hans
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/027
Online Access:Full text available on IMF