Title Global Economic Prospects, June 2019
Subtitle Heightened Tensions, Subdued Investment (A World Bank Group Flagship Report)
Author World Bank Group
ISBN 9781464813986
List price USD 35.00
Price outside India Available on Request
Original price
Binding Paperback
No of pages 182
Book size 216 x 279 mm
Publishing year 2019
Original publisher The World Bank
Published in India by .
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
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Global growth has continued to soften this year. A modest recovery in emerging market and developing economies continues to be constrained by subdued investment, which is dampening prospects and impeding progress toward achieving critical development goals. Downside risks to the outlook remain elevated, and policymakers continue to face major challenges to boost resilience and foster long-term growth.

In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes analytical essays on the benefits and risks of government borrowing, recent investment weakness in emerging market and developing economies, the pass-through of currency depreciations to inflation, and the evolution of growth in low-income countries.

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). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces.




Executive Summary


Chapter 1: Global Outlook: Weak Momentum, Heightened Risks • Summary • Major economies: Recent developments and outlook • United States • Euro Area • Japan • China • Global trends • Global trade • Financial markets • Commodity markets • Emerging market and developing economies: Recent developments and outlook • Recent developments • Outlook • Risks to the outlook • Renewed trade tensions and policy uncertainty • Financial stress episodes • Sharper-than-expected slowdowns in major economies • Region-specific downside risks • Policy challenges • Challenges in advanced economies • Challenges in emerging market and developing economies • Box 1.1 Debt: No free lunch • Box 1.2 Short-term growth prospects for LICs • Box 1.3 Regional perspectives: Recent developments and outlook • References

Special Focus 1. 1: Investment: Subdued Prospects, Strong Needs • Recent developments and prospects • Drivers of investment growth • Implications and policy responses • Annex SF1.1.1 Empirical analysis • References

Special Focus 1.2: Currency Depreciations, Inflation, and Central Bank Independence • Introduction • Pass-through across countries and over time • Pass-through to inflation and underlying shocks • Pass-through and country characteristics • Conclusion • Annex SF1.2.1 Methodology • References

Chapter 2: Regional OutlooksEast Asia and Pacific • Recent developments • Outlook • Risks • Europe and Central Asia • Recent developments • Outlook • Risks • Latin America and the Caribbean • Recent developments • Outlook • Risks • Middle East and North Africa • Recent developments • Outlook • Risks • South Asia • Recent developments • Outlook • Risks • Sub-Saharan Africa • Recent developments • Outlook • Risks • References

Special Focus 2.1: Growth in Low-Income Countries: Evolution, Prospects, and Policies • Introduction • What has supported growth in LICs since 2001? • How have these factors affected LIC progression to MIC income levels? • Prospects for further LIC progression • Conclusion • References

Statistical Appendix

Selected Topics

Target Audience:

This book will be useful to people interested in global and regional economic developments and macro economic growth in low-income countries.

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