| Description |
1 online resource (xviii, 254 pages) : illustrations |
| Series |
A World Bank Group flagship report |
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World Bank Group flagship report.
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| Contents |
Chapter 1. Global outlook: subdued growth, shifting policies, heightened uncertainty. Summary -- Major economies: Recent developments and outlook -- Global trends -- Emerging and developing economies: Recent developments and outlook -- Outlook -- Risks to the outlook -- Policy challenges -- References -- Box 1.1 Low-income countries: Recent developments and outlook -- Box 1.2 Regional perspectives: Recent developments and outlook |
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Special focus. The U.S. economy and the world -- Introduction -- Linkages between the United States and the World -- Synchronization of U.S. and global cycles -- Spillovers from the United States to the global economy -- Spillovers to the United States from the global economy -- Conclusion -- Annex SF. l Cyclical spillovers -- Annex SF. 2 Fiscal policy simulations -- References |
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Chapter 2. Regional outlooks. East Asia and Pacific. Recent developments ; Outlook ; Risks ; Policy challenges ; Box 2.1.1 Investment developments and outlook: East Asia and Pacific -- Europe and Central Asia. Recent developments ; Outlook ; Risks ; Policy challenges ; Box 2.2.1 Recent investment slowdown: Europe and Central Asia -- Latin America and the Caribbean. Recent developments ; Outlook ; Risks ; Policy challenges ; Box 2.3.1 Recent investment slowdown: Latin America and the Caribbean -- Middle East and North Africa. Recent developments ; Outlook ; Risks ; Policy challenges ; Box 2.4.1 Recent investment slowdown: Middle East and North Africa -- South Asia. Recent developments ; Outlook ; Risks ; Policy challenges ; Box 2.5.1 Recent investment slowdown: South Asia -- Sub-Saharan Africa. Recent developments ; Outlook ; Risks ; Policy challenges ; Box 2.6.1 Recent investment slowdown: Sub-Saharan Africa ; References |
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Chapter 3. Weak investment in uncertain times: causes, implications and policy responses. Introduction -- Main features of the investment slowdown -- Macroeconomic backdrop -- Factors associated with the investment slowdown -- Implications of weak investment for global trade, long-term growth and catch-up -- Policies to promote investment growth -- Conclusions -- Annex 3.1 Determinants of investment: Empirical framework -- Annex 3.2 Definitions and Methodology -- References -- Box 3.1 Investment-less credit booms -- Box 3.2 Implications of rising uncertainty for investment in EMDEs -- Box 3.3 Investment slowdown in China -- Box 3.4 Interactions between public and private investment |
| Summary |
Stagnant global trade, subdued investment, and heightened policy uncertainty marked another difficult year for the world economy. A moderate recovery is expected for 2017, with receding obstacles to activity in commodity-exporting emerging market and developing economies. Weak investment is weighing on medium-term prospects across many emerging market and developing economies. Although fiscal stimulus in major economies, if implemented, may boost global growth above expectations, risks to growth forecasts remain tilted to the downside. Important downside risks stem from heightened policy uncertainty in major economies. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the causes, consequences and policy implications of weak investment in emerging markets and developing economies, and a special focus on the role of the U.S. economy in the world. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces |
| Bibliography |
Includes bibliographical references |
| Notes |
"This World Bank Group Flagship Report is a product of the Prospects Group in the Development Economics Vice Presidency. The project was managed by M. Ayhan Rose and Franziska Ohnsorge, under the general guidance of Paul Romer."--Acknowledgments |
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Online resource; title from PDF title page (EBSCO, viewed February 5, 2018) |
| Subject |
Investments -- Developing countries.
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Economic development -- Developing countries
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BUSINESS & ECONOMICS -- Industries -- General.
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Economic development
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Economic history
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Economic policy
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Investments
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Developing countries -- Economic conditions.
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Developing countries -- Economic policy
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Developing countries
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| Form |
Electronic book
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| Author |
World Bank. Office of the Chief Economist and Senior Vice President, Development Economics. Development Prospects Group.
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| ISBN |
9781464810176 |
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1464810176 |
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