Global growth remains moderate and uneven, and a number of complex forces are shaping the outlook. These include medium- and long-term trends, global shocks, and many country- or region-specific factors. The April 2015 WEO examines the causes and implications of recent trends, including lower oil prices, which are providing a boost to growth globally and in many oil-importing countries but are weighing on activity in oil-exporting countries, and substantial changes in exchange rates for major currencies, reflecting variations in country growth rates and in exchange rate policies and the lower price of oil. Additionally, analytical chapters explore the growth rate of potential output across advanced and emerging market economies, assessing its recent track and likely future course; and the performance of private fixed investment in advanced economies, which has featured prominently in the public policy debate in recent years, focusing on the role of overall economic weakness in accounting for this performance.

Excerpt from The Agricultural Outlook for the Southern States, 1931-32 By the time the business depression of 1920 - 21 [had been in progress 18. Months, recoveries in certain important fields were well under way - as for example in the textile, automobile, and building industries. In the present depression, already nearly _two and a half years in duration, only the con sumer industries - textile, boots and shoes, and foods - are at a higher level than last December, while the others reached in September and October the lowest levels so far in this depression. These low levels of industrial pro duction' mean that stocks in retail channels are being consumed and are not being replenished adequately and that sooner or later the need for replenishment may become a factor in revival. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.