World Economic Outlook January Update 2022 PDF Download
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Author: Internationaler Währungsfonds
Publisher:
ISBN:
Category :
Languages : zh-CN
Pages : 0
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Book Description
The global economy enters 2022 in a weaker position than previously expected. The COVID-19 Omicron variant has prompted new mobility restrictions, energy price increases and supply disruptions have spurred inflation more than anticipated, and the ongoing retrenchment of China's real estate sector and slower-than-expected private consumption have all been drags on global growth, The global economy enters 2022 in a weaker position than previously expected, with global growth forecast at 4.4 percent in 2022, half a percentage point slower than anticipated last October which is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022-half a percentage point lower for 2022 than forecasted in October. The current forecast is predicated on improved vaccination rates and therapies worldwide by end-2022. The risks to this baseline forecast, however, tilt downward due to continued uncertainty in a number of areas, including the possibility of new COVID variants, prospects for a sudden tightening of financial conditions if inflation turns out higher than expected and monetary policy support in advanced economies is withdrawn faster than anticipated, geopolitical tensions, and the ongoing climate emergency.
Author: Internationaler Währungsfonds
Publisher:
ISBN:
Category :
Languages : zh-CN
Pages : 0
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Book Description
The global economy enters 2022 in a weaker position than previously expected. The COVID-19 Omicron variant has prompted new mobility restrictions, energy price increases and supply disruptions have spurred inflation more than anticipated, and the ongoing retrenchment of China's real estate sector and slower-than-expected private consumption have all been drags on global growth, The global economy enters 2022 in a weaker position than previously expected, with global growth forecast at 4.4 percent in 2022, half a percentage point slower than anticipated last October which is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022-half a percentage point lower for 2022 than forecasted in October. The current forecast is predicated on improved vaccination rates and therapies worldwide by end-2022. The risks to this baseline forecast, however, tilt downward due to continued uncertainty in a number of areas, including the possibility of new COVID variants, prospects for a sudden tightening of financial conditions if inflation turns out higher than expected and monetary policy support in advanced economies is withdrawn faster than anticipated, geopolitical tensions, and the ongoing climate emergency.
Author: Internationaler Währungsfonds
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The global economy enters 2022 in a weaker position than previously expected. The COVID-19 Omicron variant has prompted new mobility restrictions, energy price increases and supply disruptions have spurred inflation more than anticipated, and the ongoing retrenchment of China's real estate sector and slower-than-expected private consumption have all been drags on global growth, The global economy enters 2022 in a weaker position than previously expected, with global growth forecast at 4.4 percent in 2022, half a percentage point slower than anticipated last October which is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022-half a percentage point lower for 2022 than forecasted in October. The current forecast is predicated on improved vaccination rates and therapies worldwide by end-2022. The risks to this baseline forecast, however, tilt downward due to continued uncertainty in a number of areas, including the possibility of new COVID variants, prospects for a sudden tightening of financial conditions if inflation turns out higher than expected and monetary policy support in advanced economies is withdrawn faster than anticipated, geopolitical tensions, and the ongoing climate emergency.
Author: World Bank Group
Publisher: World Bank Publications
ISBN: 146481760X
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapidly rising debt. The pandemic has further diminished already-weak growth prospects for the next decade. Decisive policy actions will be critical in raising the likelihood of better growth outcomes while warding off worse ones. Immediate priorities include supporting vulnerable groups and ensuring a prompt and widespread vaccination process to bring the pandemic under control. Although macroeconomic policy support will continue to be important, limited fiscal policy space amid high debt highlights the need for an ambitious reform agenda that bolsters growth prospects. To address many of these challenges, global cooperation will be key. 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.
Author:
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ISBN:
Category :
Languages : en
Pages : 0
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Author: International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781513556055
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery in China has been faster than expected, the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.
Author: World Bank Group
Publisher: World Bank Publications
ISBN: 146482018X
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
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.
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464816662
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. 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, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Author:
Publisher:
ISBN:
Category : Economic history
Languages : en
Pages : 1046
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Book Description
Author: The World Bank
Publisher:
ISBN: 9781464817588
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Global Economic Prospects, January 2022
Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
