World Bank
Global economic prospects, January 2019: darkening skies
Global economic prospects, January 2019: darkening skies
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- More about Global economic prospects, January 2019: darkening skies
The global economy faces significant headwinds, including tighter financing conditions, moderating industrial production, intensifying trade tensions, and financial market stress in emerging market and developing economies. The recovery in these economies has lost momentum, and downside risks have increased, including disorderly financial market movements and escalating trade disputes. Debt vulnerabilities in these economies, particularly in low-income countries, have also increased. Frequent severe weather events could lead to large swings in international food prices, deepening poverty. Emerging market and developing economies must rebuild policy buffers, boost human capital, promote trade integration, and address the challenges associated with informality to navigate this difficult environment and lay a stronger foundation for future growth.
Format: Paperback / softback
Length: 259 pages
Publication date: 28 February 2019
Publisher: World Bank Publications
The global economy faces a challenging outlook, with tightening financing conditions, moderating industrial production, escalating trade tensions, and financial market stress in some large emerging market and developing economies. The recovery in these economies has lost momentum, and downside risks have become more acute, including the possibility of disorderly financial market movements and an escalation of trade disputes. Debt vulnerabilities in emerging market and developing economies, particularly low-income countries, have increased, and more frequent severe weather events could raise the possibility of large swings in international food prices, deepening poverty. In this difficult environment, it is crucial for emerging market and developing economies to rebuild policy buffers while laying a stronger foundation for future growth by boosting human capital, promoting trade integration, and addressing the challenges associated with informality.
Weight: 882g
Dimension: 216 x 279 x 18 (mm)
ISBN-13: 9781464813436
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