Global Economic Prospects, June 2013
The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish – especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the boom per...
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| Format: | Online |
| Language: | en_US |
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Washington, DC
2013
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| Online Access: | https://hdl.handle.net/10986/13892 https://doi.org/10.1596/978-1-4648-0036-8 |
| _version_ | 1866366988768509952 |
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| author | World Bank |
| author_facet | World Bank |
| author_sort | World Bank |
| collection | Publicaciones institucionales emblemáticas |
| description | The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish – especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the boom period, it is in line with underlying potential, and output is projected to pick up only gradually to around 5.8 percent by 2015. High unemployment and spare capacity remain pressing problems in developing Europe and the Middle East and North Africa. With a more stable external environment, new risks and challenges are gaining prominence, including the potential impact on exporting countries of a faster than anticipated decline in commodity prices, the possibility that the eventual withdrawal of quantitative easing exposes vulnerabilities in developing countries, and the need to resort increasingly to supply-side rather than demand stimulus policies to achieve stronger growth. |
| format | Online |
| id | wb-10986-13892 |
| institution | Banco Mundial |
| language | en_US |
| publishDate | 2013 |
| publisher | Washington, DC |
| record_format | dspace |
| spelling | wb-10986-138922025-04-16T04:55:49Z Global Economic Prospects, June 2013 Less Volatile, but Slower Growth World Bank Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish – especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the boom period, it is in line with underlying potential, and output is projected to pick up only gradually to around 5.8 percent by 2015. High unemployment and spare capacity remain pressing problems in developing Europe and the Middle East and North Africa. With a more stable external environment, new risks and challenges are gaining prominence, including the potential impact on exporting countries of a faster than anticipated decline in commodity prices, the possibility that the eventual withdrawal of quantitative easing exposes vulnerabilities in developing countries, and the need to resort increasingly to supply-side rather than demand stimulus policies to achieve stronger growth. 2013-06-13T14:15:16Z 2013-06-13T14:15:16Z 2013-06-12 978-1-4648-0036-8 https://hdl.handle.net/10986/13892 https://doi.org/10.1596/978-1-4648-0036-8 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf Washington, DC |
| spellingShingle | Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment World Bank Global Economic Prospects, June 2013 |
| title | Global Economic Prospects, June 2013 |
| title_full | Global Economic Prospects, June 2013 |
| title_fullStr | Global Economic Prospects, June 2013 |
| title_full_unstemmed | Global Economic Prospects, June 2013 |
| title_short | Global Economic Prospects, June 2013 |
| title_sort | global economic prospects june 2013 |
| topic | Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment |
| url | https://hdl.handle.net/10986/13892 https://doi.org/10.1596/978-1-4648-0036-8 |
| work_keys_str_mv | AT worldbank globaleconomicprospectsjune2013 AT worldbank lessvolatilebutslowergrowth |