| Description |
1 online resource (263 pages) |
| Series |
Global Economic Prospects Ser |
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Global Economic Prospects Ser
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| Contents |
Intro; Title; Copyright; Table of Contents; Foreword; Acknowledgments; Executive Summary; Abbreviations; Chapter 1 Global Outlook: Broad-Based Upturn-Will It Last?; Summary; Major economies: Recent developments and outlook; United States; Euro Area; Japan; China; Global trends; Global trade; Financial markets; Commodities; Emerging market and developing economies: Recent developments and outlook; Recent developments; Commodity-exporting EMDEs; Commodity-importing EMDEs; Low-income countries; EMDE outlook; Risks to the outlook; Upside risk: Stronger-than-expected growth in large economies |
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Downside risk: Disorderly adjustment of financial market conditionsDownside risk: Policy uncertainty and geopolitical risks; Downside risk: Increased restrictions to trade; Downside risk: Sharper-than-expected slowdown in potential growth; Region-specific downside risks; Policy challenges; Challenges in major economies; Challenges in emerging market and developing economies; References; Box 1.1 Is the global economy turning the corner?; Box 1.2 Low-income countries: Recent developments and outlook; Box 1.3 Regional perspectives: Recent developments and outlook |
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Special Focus 1 With the Benefit of Hindsight: The Impact of the 2014-16 Oil Price CollapseIntroduction; What were the main drivers of the oil price plunge?; U.S. shale oil production; The role of OPEC policies; The role of demand conditions; The oil price collapse: The relative importance of supply and demand; How did the recent oil price collapse impact the global economy?; Impact on oil exporters; Impact on oil importers; What was the policy response in oil exporters and oil importers?; Policy response in oil exporters; Monetary policy; Fiscal policy; Structural policy |
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Policy response in oil importersMonetary policy; Fiscal policy; Structural policy; Concluding remarks and implications for the future; Annex SF1.1 Decomposition of supply and demand shocks to oil prices: Bayesian structural vector autoregressive model approach; References; Chapter 2 Regional Outlooks; East Asia and Pacific; Recent developments; Outlook; Risks; Box 2.1.1 Potential growth in East Asia and Pacific; Europe and Central Asia; Recent developments; Outlook; Risks; Box 2.2.1 Potential growth in Europe and Central Asia; Latin America and the Caribbean; Recent developments; Outlook |
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RisksBox 2.3.1 Potential growth in Latin America and the Caribbean; Middle East and North Africa; Recent developments; Outlook; Risks; Box 2.4.1 Potential growth in the Middle East and North Africa; South Asia; Recent developments; Outlook; Risks; Box 2.5.1 Potential growth in South Asia; Sub-Saharan Africa; Recent developments; Outlook; Risks; Box 2.6.1 Potential growth in Sub-Saharan Africa; References; Chapter 3 Building Solid Foundations: How to Promote Potential Growth; Introduction; Evolution of potential growth: What happened?; Drivers of the slowdown in potential growth |
| Summary |
The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate. However, the global economic outlook remains clouded by a number of risks. These include the possibility of financial market disruptions, rising protectionist sentiment, and heightened geopolitical tensions. Of particular concern is evidence of subdued productivity and slowing potential growth. In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the causes of the broad-based slowing of potential growth and suggests remedies. The report also contains Special Focus sections on the impact of the 2014-2016 oil price collapse and the relationship between education demographics and global inequality. 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 |
| Notes |
Total factor productivity growth |
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Print version record |
| Subject |
Finance -- Developing countries
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Finance
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Developing countries
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| Form |
Electronic book
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| ISBN |
9781464812453 |
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1464812454 |
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