Global Economic Prospects, January 2014
High-income economies appear to be finally turning the corner, contributing to a projected acceleration in global growth from 2.4 percent in 2013 to 3.2 percent this year, 3.4 percent in 2015, and 3.5 percent in 2016. Overall, growth in developing countries is projected to pick up modestly from 4.8...
Guardado en:
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| Formato: | En linea |
| Idioma: | en_US |
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Washington, DC
2014
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10986/16572 https://doi.org/10.1596/978-1-4648-0201-0 |
| _version_ | 1866366992431185920 |
|---|---|
| author | World Bank |
| author_facet | World Bank |
| author_sort | World Bank |
| collection | Publicaciones institucionales emblemáticas |
| description | High-income economies appear to be finally turning the corner, contributing to a projected acceleration in global growth from 2.4 percent in 2013 to 3.2 percent this year, 3.4 percent in 2015, and 3.5 percent in 2016. Overall, growth in developing countries is projected to pick up modestly from 4.8 percent in 2013 to 5.3 percent this year, 5.5 percent in 2015, and 5.7 percent in 2016. In the baseline, the withdrawal of quantitative easing (and its effect on the long end of U.S. interest rates) is assumed to follow a relatively slow orderly trajectory. If, however, the taper is met with an abrupt market adjustment, capital inflows could weaken sharply—placing renewed stress on vulnerable developing economies. In a scenario where long-term interest rates rise rapidly by 100 basis points, capital inflows could decline by as much as 50 percent for several quarters. |
| format | Online |
| id | wb-10986-16572 |
| institution | Banco Mundial |
| language | en_US |
| publishDate | 2014 |
| publisher | Washington, DC |
| record_format | dspace |
| spelling | wb-10986-165722025-04-16T05:45:31Z Global Economic Prospects, January 2014 Coping with Policy Normalization in High-Income Countries World Bank capital flows developing countries forecast growth high-income countries inflation macroeconomics quantitative easing unemployment High-income economies appear to be finally turning the corner, contributing to a projected acceleration in global growth from 2.4 percent in 2013 to 3.2 percent this year, 3.4 percent in 2015, and 3.5 percent in 2016. Overall, growth in developing countries is projected to pick up modestly from 4.8 percent in 2013 to 5.3 percent this year, 5.5 percent in 2015, and 5.7 percent in 2016. In the baseline, the withdrawal of quantitative easing (and its effect on the long end of U.S. interest rates) is assumed to follow a relatively slow orderly trajectory. If, however, the taper is met with an abrupt market adjustment, capital inflows could weaken sharply—placing renewed stress on vulnerable developing economies. In a scenario where long-term interest rates rise rapidly by 100 basis points, capital inflows could decline by as much as 50 percent for several quarters. 2014-01-16T18:45:59Z 2014-01-16T18:45:59Z 2014-01-16 978-1-4648-0201-0 10.1596/ 978-1-4648-0201-0 https://hdl.handle.net/10986/16572 https://doi.org/10.1596/978-1-4648-0201-0 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf application/pdf Washington, DC |
| spellingShingle | capital flows developing countries forecast growth high-income countries inflation macroeconomics quantitative easing unemployment World Bank Global Economic Prospects, January 2014 |
| title | Global Economic Prospects, January 2014 |
| title_full | Global Economic Prospects, January 2014 |
| title_fullStr | Global Economic Prospects, January 2014 |
| title_full_unstemmed | Global Economic Prospects, January 2014 |
| title_short | Global Economic Prospects, January 2014 |
| title_sort | global economic prospects january 2014 |
| topic | capital flows developing countries forecast growth high-income countries inflation macroeconomics quantitative easing unemployment |
| url | https://hdl.handle.net/10986/16572 https://doi.org/10.1596/978-1-4648-0201-0 |
| work_keys_str_mv | AT worldbank globaleconomicprospectsjanuary2014 AT worldbank copingwithpolicynormalizationinhighincomecountries |