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Successive Revisions to

Successive Revisions to the IMF's World Output Growth thForecast tfor 2009 Per cent Per cent 8.0 8.0 6.0 6.0 40 4.0 4.0 2.0 2.0 0.0 0.0 -2.0 -2.0 -4.0 -4.0 -6.0 -6.0 Successive Revisions to the IMF's World Output Growth Forecast for 2009 6.7 6.7 6.1 6.1 5.1 5.1 3.9 39 3.9 33 3.3 3.0 3.0 3.3 2.2 2.2 1.4 1.4 1.6 1.5 1.7 1.7 0.5 0.5 0.5 -0.3 -1.3 -1.4 -1.1 -2.0 -3.8 -3.8 -3.8 -3.4 -3.4 July 08 July 08 Oct 08 Oct 08 Nov 08 Nov 08 Jan 09 Jan 09 Apr 09 Apr 09 Jul 09 Jul 09 Oct 09 Oct 09 World Advanced d Economies Emerging & Developing Economies World Advanced Economies Emerging & Developing Economies 4

Decline in World Trade 15 World Merchandise Trade Volume Growth (Forecast for 2009 & 2010) 10 5 Per cent 0 -5 -10 -15 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: IMF 5

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