1. Global Economic Watch International Finance January 26, 2010

2. Outlook The global recovery is off to a stronger start than anticipated earlier but is proceeding at different speeds in the various regions

3. Outlook Driving the global rebound was the extraordinary amount of policy stimulus. Monetary policy has been highly expansionary, with interest rates down to record lows in most advanced and in many emerging economies,

4. Long Run Effects

5. Discussion What is the IMF’s latest global economic forecast? Why global recovery looks precarious? Why policy makers are concerned about long run effects of stimulus actions?