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The Financial Crisis and Its Impacts on Global AgricultureThe financial crisis arose in the
 industrial countries, but has affected developing countries
 through higher interest rates, sharp changes in commodity
 prices, and reductions in investment, trade, migration and
 remittances. For most low-income countries, shocks that
 affect food prices or wage rates for unskilled workers seem
 likely to have the largest impact on poverty, with the
 declines in key food prices associated with the crisis
 helping to reduce poverty, while declining trade,
 investment, and remittance flows have had adverse impacts on
 the poor. Policies to address the crisis must include
 measures to deal with financial sector problems, the
 resulting reductions in aggregate demand, and the particular
 vulnerabilities of poor people. Given the complexity of the
 impacts from financial crises and commodity price shocks,
 there is a strong case for developing better social safety
 net policies that can offset the adverse impacts of a wide
 range of different shocks on poor people without creating
 costly market distortions.
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India Economic Update, June 2010India's economic performance in
 FY2009/10 shows that the recovery from the slowdown during
 the global financial crisis is well underway. India's
 Gross domestic Product (GDP) growth in FY2009/10 has beaten
 expectations by reaching 7.4 percent compared with 6.7
 percent in the previous year. In particular, agricultural
 sector growth was better than feared with a slightly
 positive growth rate despite the worst monsoon shortfall in
 three decades. Strong growth in the fourth quarter pushed
 annual GDP growth to 7.4 percent in 2009-10. Fourth quarter
 growth reached 8.6 percent (y-o-y), the highest quarterly
 growth rate since the end of FY2007/08. The industrial
 sector's robust recovery beat expectations. Growth in
 the last quarter of fiscal year FY2009/10 was an
 unexpectedly high 13.3 percent resulting in over 12 percent
 growth in the second half of year, nearly double the 6
 percent growth witnessed in the first half. Higher inflation
 mars the bright picture, but there are clear indications of
 moderation. Inflation as measured by the wholesale price
 index (WPI) averaged 10 percent during February-May 2010.
 India's recovery after the slowdown seems well
 underway. Growth is projected to climb to 8-9 percent in the
 next two years. These growth rates are achievable without a
 renewed build-up of inflationary pressure as long as
 agricultural growth returns to trend, infrastructure
 constraints are alleviated, and international prices remain
 stable. Over the next year, sources of growth will shift
 from fiscal stimulus to manufacturing and, possibly a
 recovering agriculture.
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Indonesia Economic Quarterly, July 2015Midway through 2015, Indonesia remains
 confronted with an uncertain external environment, and
 domestic economic policy challenges have intensified. GDP
 decelerated to below 5 percent in the first quarter and
 private consumption expenditure, Indonesia’s engine of
 growth in recent years, is also slowing. Weaker growth has
 resulted in slower job creation, with recent employment
 rising only just enough to absorb the increase in working
 age population. While the commodity downturn since 2012 and
 policy response have affected output growth the most in
 resource-rich provinces, employment creation has come under
 pressure across Indonesia. Yet the scope for policy stimulus
 is limited and monetary policy in particular is constrained
 due to sticky inflation and persistent external vulnerabilities.