Global economic prospects

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Title Statements

Full title :Global economic prospects. / prepared by John Baffes [and twenty others].

Summary

"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"--Publisher's description

Edition Statements

Publication Date:©2021

Publication Statements

Publisher(s):The World Bank
Place of Publication:Washington, D.C
Language:eng
Publication Date:©2021

Notes

ISSN: 1564-7021

The Physical Object

Description:1 online resource (xx, 210 pages) : : illustrations (chiefly color)

Edition Identifiers

ISBN:9781464816130, 1464816131
oclc:on1236997452
LC Classification:HC59.3
Dewey Decimal:337

Global outlook -- Regional outlooks -- Global economy: heading into a decade of disappointments? -- Asset purchases in emerging markets: unconventional policies, unconventional times.

Subjects

developing countries Developing countries -- Economic condit… Economic forecasting Economic history Economic history -- 21st century Economic indicators Histoire économique -- 21e siècle Indicateurs économiques International economic relations Prévision économique