Title Global Economic Prospects, January 2019
Subtitle Darkening Skies
Author World Bank Group
ISBN 9781464813436
List price USD 35.00
Price outside India Available on Request
Original price
Binding Paperback
No of pages 270
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, .
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Global economic prospects have darkened. Financing conditions have tightened, industrial production has moderated, and trade tensions remain elevated. The recovery in emerging market and developing economies has stalled, and some countries have experienced significant financial stress. Downside risks have increased, including the possibility of disorderly financial market movements and escalating trade disputes. It is thus critical to rebuild policy buffers while fostering potential growth by boosting human capital, promoting trade integration, and addressing informality.

In addition to discussing global and regional economic developments and prospects, this edition of Global Economic Prospects includes a chapter on the challenges posed by informality and associated policy options. The report also contains pieces on the remarkable decline in EMDE inflation over the past four to five decades, rising debt vulnerabilities in low-income countries, and the implications of large spikes in food prices for poverty.

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 countries, 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: Darkening Skies • Summary • Major economies: Recent developments and outlook • United States • Euro Area • Japan • China • Global trends • Global trade • Financial markets • Commodities • Emerging market and developing economies: Recent developments and outlook • Recent developments • EMDE outlook • Risks to the outlook • Disorderly Financial market developments • Escalating trade restrictions • Policy uncertainty and geopolitical tensions • Region-specific downside risks • Simultaneous slowdown in the two largest economies • Possible productivity revival • Policy challenges • Challenges in advanced economies • Challenges in emerging market and developing economies • Box 1.1 The great disinflation • Box 1.2 Low-income countries: Recent developments and outlook • Box 1.3 Regional perspectives: Recent developments and outlook • References

Chapter 2: Regional OutlooksEast Asia and Pacific • Recent developments • Outlook • Risks • Box 2.1.1 Informality in East Asia and Pacific • Europe and Central Asia • Recent developments • Outlook • Risks • Box 2.2.1 Informality in Europe and Central Asia • Latin America and the Caribbean • Recent developments • Outlook • Risks • Box 2.3.1 Informality in Latin America and the Caribbean • Middle East and North Africa • Recent developments • Outlook • Risks • Box 2.4.1 Informality in the Middle East and North Africa • South Asia • Recent developments • Outlook • Risks • Box 2.5.1 Informality in South Asia • Sub-Saharan Africa • Recent developments • Outlook • Risks • Box 2.6.1 Informality in Sub-Saharan Africa • References

Chapter 3: Growing in the Shadow: Challenges of Informality • Introduction  • Informality: Conceptual considerations and measurement  • Main features of the informal economy  • Causes and implications of informality • Correlates of informality  • Informality, poverty, and income inequality  • Worker earnings differentials  • Aggregate income inequality and poverty • Informality and fiscal outcomes • Policy options  • Fiscal policy measures • Business climate and governance measures  • From a comprehensive strategy to implementation  • Emerging policy opportunities and challenges  • Annex 3.1 Measures of informality  • Annex 3.2 Characteristics of informal-economy business cycles • Annex 3.3 Informality and earnings inequality: A meta-analysis approach  • Annex 3.4 Pre-existing informality and changes in poverty and income inequality  • Annex 3.5 Labor legislation and informality  • References  • Box 3.1 Linkages between formal and informal sectors • Box 3.2 Regional dimensions of informality: An overview  • Box 3.3 Casting a shadow: Productivity in formal and informal firms  • Box 3.4 Under the magnifying glass: How do policies affect informality

Chapter 4: Two Topical Essays • Debt in Low-Income Countries: Evolution, Implications, and Remedies • Introduction • Key characteristics of the recent rise in LIC debt • Other LIC vulnerabilities • Role of better debt management • Complementary policy measures • Conclusion • Annex 4.1 Comparison of LIDCs and LICs • Poverty Impact of Food Price Shocks and Policies • Introduction • Food price shocks and their effects • Government interventions during food price shocks • Poverty impact of the 2010-11 food price shock • Conclusions • Annex 4.2 Methodology • References

Statistical Appendix

Selected Topics

Target Audience:

This book will be useful to people interested in global economy.

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