Today, the International Monetary Fund published an update to its April 2009 World Economic Outlook projections stating that "the global economy is beginning to pull out of a recession," with growth projected to expand by 2.5% in 2010, half of a percentage point higher than previous projections, however "stabilization is uneven and the recovery is expected to be sluggish." Although financial stress indexes for advanced and emerging economies "have receded since the beginning of 2009," such improvements are not "uniform across markets and countries," and in particular, "bank lending conditions are expected to remain tight and external financing conditions constrained for a considerable time." Among the major economies, "indicators point to a diminishing rate of deterioration" in the United States, "output is stabilizing" and there is "improved consumer confidence" in Japan, and "activity is projected to strengthen more slowly" in the Euro area "due to rising unemployment" and the Euro economy’s "heavy dependence on a still-ailing banking sector."

Overall, the update report concludes that policy implementation "will need to increasingly shift from providing short-term support to laying the foundations for a return to strong medium-run growth."