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Global Economic Prospects, June 2023 - by World Bank (Paperback)

Global Economic Prospects, June 2023 - by  World Bank (Paperback) - 1 of 1
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About this item

Highlights

  • Global growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024.
  • About the Author: The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements.
  • 194 Pages
  • Business + Money Management, Economics

Description



About the Book



The 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.



Book Synopsis



Global growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024. Inflation pressures persist, and tight monetary policy is expected to weigh substantially on activity. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth. Rising borrowing costs in advanced economies could lead to financial dislocations in the more vulnerable emerging market and developing economies (EMDEs). In low-income countries, in particular, fiscal positions are increasingly precarious.

Comprehensive policy action is needed at the global and national levels to foster macroeconomic and financial stability. Among many EMDEs, and especially in low-income countries, bolstering fiscal sustainability will require generating higher revenues, making spending more efficient, and improving debt management practices. Continued international cooperation is also necessary to tackle climate change, support populations affected by crises and hunger, and provide debt relief where needed. In the longer term, reversing a projected decline in EMDE potential growth will require reforms to bolster physical and human capital and labor-supply growth.



About the Author



The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

Dimensions (Overall): 11.0 Inches (H) x 8.5 Inches (W) x .39 Inches (D)
Weight: .96 Pounds
Suggested Age: 22 Years and Up
Number of Pages: 194
Genre: Business + Money Management
Sub-Genre: Economics
Publisher: World Bank Publications
Theme: Macroeconomics
Format: Paperback
Author: World Bank
Language: English
Street Date: June 27, 2023
TCIN: 1004206079
UPC: 9781464819513
Item Number (DPCI): 247-36-3742
Origin: Made in the USA or Imported
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Shipping details

Estimated ship dimensions: 0.39 inches length x 8.5 inches width x 11 inches height
Estimated ship weight: 0.96 pounds
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