Global Economic Prospects, January 2022:
The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast hori...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
|
| Schriftenreihe: | Global Economic Prospects
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt restructuring, this will be more difficult to achieve than in the past. Climate change may increase commodity price volatility, creating challenges for the almost two-thirds of emerging market and developing economies that rely heavily on commodity exports and highlighting the need for asset diversification. Social tensions may heighten as a result of the increase in inequality caused by the pandemic. These challenges underscore the importance of strengthened global cooperation to promote a green, resilient, and inclusive recovery path. 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 economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies |
| Beschreibung: | 1 Online-Ressource (236 Seiten) |
| DOI: | 10.1596/978-1-4648-1758-8 |
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| 520 | 3 | |a The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt restructuring, this will be more difficult to achieve than in the past. Climate change may increase commodity price volatility, creating challenges for the almost two-thirds of emerging market and developing economies that rely heavily on commodity exports and highlighting the need for asset diversification. Social tensions may heighten as a result of the increase in inequality caused by the pandemic. These challenges underscore the importance of strengthened global cooperation to promote a green, resilient, and inclusive recovery path. 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 economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies | |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:57Z |
| indexdate | 2025-02-20T07:20:23Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (236 Seiten) |
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| publishDate | 2021 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | The World Bank |
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| series2 | Global Economic Prospects |
| spellingShingle | Global Economic Prospects, January 2022 Commodity Prices Developing Countries Developing Economies Economic Growth Economic Prospects Emerging Markets Global Economy International Trade Trade Protectionism |
| title | Global Economic Prospects, January 2022 |
| title_auth | Global Economic Prospects, January 2022 |
| title_exact_search | Global Economic Prospects, January 2022 |
| title_exact_search_txtP | Global Economic Prospects, January 2022 |
| title_full | Global Economic Prospects, January 2022 |
| title_fullStr | Global Economic Prospects, January 2022 |
| title_full_unstemmed | Global Economic Prospects, January 2022 |
| title_short | Global Economic Prospects, January 2022 |
| title_sort | global economic prospects january 2022 |
| topic | Commodity Prices Developing Countries Developing Economies Economic Growth Economic Prospects Emerging Markets Global Economy International Trade Trade Protectionism |
| topic_facet | Commodity Prices Developing Countries Developing Economies Economic Growth Economic Prospects Emerging Markets Global Economy International Trade Trade Protectionism |
| url | https://doi.org/10.1596/978-1-4648-1758-8 |
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