Published semiannually, Global Economic Prospects includes analysis of topical policy challenges faced by developing countries. Global activity is firming broadly as expected. Manufacturing and trade are picking up, confidence is improving, and international financing conditions remain benign. Global growth is projected to strengthen in 2018-19, in line with January forecasts. In emerging market and developing economies (EMDEs), growth is predicted to recover in 2017-19, as obstacles to growth in commodity exporters diminish amid moderately rising commodity prices, and activity in commodity importers remains robust. Risks to the global outlook remain tilted to the downside. These include increased trade protectionism; elevated economic policy uncertainty; the possibility of financial market disruptions; and, over the longer term, weaker potential growth. A policy priority for EMDEs is to rebuild monetary and fiscal space that could be drawn on were such risks to materialize. Over the longer term, structural policies that support investment and trade are critical to boost EMDE productivity and potential growth.
Details
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Author
Arteta,Carlos, Stocker,Marc, Kirby,Patrick Alexander, Vashakmadze,Ekaterine T., Wheeler,Collette Mari, Vorisek,Dana Lauren, Okawa, Yoki, Ye,Lei Sandy, Taskin,Temel, Kambou,Gerard, Macadangdang,Maria Hazel, Maximiliano,Adriana A., Singson Dinglasan,Rosalie Marie Lourdes, Almeida,Luiz H., Berghauser,Andrew Charles, Broadfoot,Adam J., Gokdemir,Nazim Aziz, Harrup,Michael Brian, Mcfadden,Jewel Monique
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Document Date
2018/06/01
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Document Type
Publication
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Report Number
158313
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2021/04/19
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Disclosure Status
Disclosed
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Doc Name
Global Economic Prospects, June 2018 : The Turning of the Tide?
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Keywords
advanced economy; long-term growth; global growth; recent development; monetary policy; Earnings Before Interest and Taxes; global financial crisis; per capita income growth; information and communication technology; long-term forecast; increase in energy consumption; computable general equilibrium model; low real interest rates; state-owned enterprise; per capita income level; long-run income; gulf cooperation council; bank for international settlement; downside risk; global interest rates; consensus forecast; Learning and Innovation Credit; Financial Stability; trade and investment; commodity exporter; financial market; trade protectionism; global economy; Fiscal Stimulus; financial market turbulence; purchasing power parity; high energy price; fiscal policy; country forecast; investment growth; oil price; Fiscal policies; propensity to save; open market; method of moments; mean group estimation; emerging market economy; foreign direct investment; rapid technological innovation; emerging market bond; debt service costs; energy consumption growth; trade policy stance; global economic expansion; increase tariff; international trade rule; process of integration; global value chain; privileges and immunity; constraints to growth; labor force participation; preferential trade agreement; estimation result; Fiscal Sustainability; commodity market
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Citation
Arteta,Carlos Stocker,Marc Kirby,Patrick Alexander Vashakmadze,Ekaterine T. Wheeler,Collette Mari Vorisek,Dana Lauren Okawa, Yoki Ye,Lei Sandy Taskin,Temel Kambou,Gerard Macadangdang,Maria Hazel Maximiliano,Adriana A. Singson Dinglasan,Rosalie Marie Lourdes Almeida,Luiz H. Berghauser,Andrew Charles Broadfoot,Adam J. Gokdemir,Nazim Aziz Harrup,Michael Brian Mcfadden,Jewel Monique
Global Economic Prospects, June 2018 : The Turning of the Tide (English). Global Economic Prospects Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/511081618814129172/Global-Economic-Prospects-June-2018-The-Turning-of-the-Tide