Assumptions and Conventions
Further Information and Data
Preface
Foreword
Executive Summary

Chapter 1. Global Prospects and Policies
                  Recent Developments
                  What Went Wrong in the Euro Area?
                  Prospects
                  Risks
                  Policy Challenges
                  Special Feature: Commodity Market Review
                  References

Chapter 2. Country and Regional Perspectives
                  Europe: 
                  Crisis, Recession, and Contagion
                  The United States and Canada:
                  Regaining Some Traction
                  Asia: 
                  Growth Is Moderating
                  Latin America and the Caribbean:
                  On a Glide Path to Steady Growth
                  Commonwealth of Independent States:
                  Commodity Prices Are the Main Spillover Channel
                  Middle East and North Africa:
                  Growth Stalled, Outlook Uncertain
                  Sub-Saharan Africa:
                  Resilience Should Not Breed Complacency
                  Spillover Feature:
                  Cross-Border Spillovers from Euro Area Bank Deleveraging
                  References

Chapter 3. Dealing with Household Debt
                 How Household Debt Can Constrain Economic Activity
                 Dealing with Household Debt: Case Studies
                 Summary and Implications for the Outlook
                 Appendix 3.1. Data Construction and Sources
                 Appendix 3.2. Statistical Methodolog
                                       and Robustness Checks
                 References

Chapter 4. Commodity Price Swings and Commodity Exporters
                 Commodity Price Swings and Macroeconomic Performance
                 Commodity Market Drivers and 
                 Their Macroeconomic Effects
                 Optimal Fiscal Policy Responses to 
                 Commodity Market Shocks
                 Global Spillovers from Domestic Policies 
                 in Commodity Exporters
                 Conclusions and Policy Lessons
                 Appendix 4.1. Data Description
                 Appendix 4.2. Statistical Properties of 
                                       Commodity Price Cycles
                 Appendix 4.3. Description of the Vector Autoregression Model
                 Appendix 4.4. The Basic Features of the GIMF and
                                       Its Application to a Small,Open Oil Exporter
                 References

Annex: IMF Executive Board Discussion of the Outlook, March 2012
Statistical Appendix
                Assumptions
                What’s New
                Data and Conventions
                Classification of Countries
                General Features and Composition of Groups in the 
                World Economic Outlook Classification
                Table A. Classification by World Economic 
                              Outlook Groups and Their Shares in Aggregate GDP, 
                              Exports of Goods and Services, and Population, 2011
                Table B. Advanced Economies by Subgroup
                Table C. European Union
                Table D. Emerging and Developing Economies by Region 
                              and Main Source of Export Earnings
                Table E. Emerging and Developing Economies by Region, 
                              Net External Position,and Status as Heavily
                              Indebted Poor Countries Box A1.
                              Economic Policy Assumptions 
                              Underlying the Projections for Selected Economies

List of Tables
               Output (Tables A1–A4)
               Inflation (Tables A5–A7)
               Financial Policies (Table A8)
               Foreign Trade (Table A9)
               Current Account Transactions (Tables A10–A12)
               Balance of Payments and External Financing 
               (Tables A13–A14)
               Flow of Funds (Table A15)
               Medium-Term Baseline Scenario (Table A16)
               World Economic Outlook, Selected Topics