TAILIEUCHUNG - Tensions from the Two-Speed Recovery Unemployment, Commodities, and Capital Flows

The presence of children is also a factor. Women who postponed having children after age 28 earned at least 6% more in 1998 than women who had their children earlier. This is because wage growth and promotion opportunities occur early in on womenís careers. 4 A 1996 Canadian study found that low paid workers tended to be young and female, with an education of high school or less. In addition, they often worked part time in service occupations. Their workplaces tended to be small and non-unionized, and they tended to live in the Atlantic or Prairie Provinces, such as Manitoba. 5 . | World Economic and Financial Surveys WORLD ECONOMIC OUTLOOK April 2011 Tensions from the Two-Speed Recovery Unemployment Commodities and Capital Flows International Monetary Fund 2011 International Monetary Fund Production IMF Multimedia Services Division Cover and Design Luisa Menjivar and Jorge Salazar Composition Maryland Composition Cataloging-in-Publication Data World economic outlook International Monetary Fund World economic outlook a survey by the staff of the International Monetary Fund. Washington DC International Monetary Fund 1980 v. 28 cm. 1981 1984 Occasional paper International Monetary Fund 0251-6365 . 1986 World economic and financial surveys 0256-6877 Semiannual. Some issues also have thematic titles. Has occasional updates 1984 1. Economic development Periodicals. 2. Economic forecasting Periodicals. 3. Economic policy Periodicals. 4. International economic relations Periodicals. I. International Monetary Fund. II. Series Occasional paper International Monetary Fund . III. Series World economic and financial surveys. ISBN 978-1-61635-059-8 Please send orders to International Monetary Fund Publication Services . Box 92780 Washington . 20090 . Tel. 202 623-7430 Fax 202 623-7201 E-mail publications@ CONTENTS Assumptions and Conventions ix Preface xi Foreword xiii Executive Summary xv Chapter 1. Global Prospects and Policies 1 The Recovery Has Solidified but Unemployment Remains High 1 Financial Conditions Are Improving 1 Commodity Prices Are Resurgent 5 The Recovery Is Expected to Solidify 7 Risks Are Smaller but Remain to the Downside 10 Differences in the Pace of Activity Present Short-Term Policy Challenges 13 Advanced Economies Need to Repair Public and Financial Balance Sheets 14 Emerging Market Economies Need to Guard against Overheating and Credit Booms 18 Global Demand Rebalancing Is Not Progressing 23 Unemployment Needs to Be Reduced 26 Policies Are Not Yet Sufficiently Proactive 27 Appendix .

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