Global Economic Prospects, January 2021
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 rapid...
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| Format: | Online |
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Washington, DC: World Bank
2020
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| Online Access: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021 https://hdl.handle.net/10986/34710 https://doi.org/10.1596/978-1-4648-1612-3 |
| _version_ | 1866367007550603264 |
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| author | World Bank |
| author_facet | World Bank |
| author_sort | World Bank |
| collection | Publicaciones institucionales emblemáticas |
| 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. |
| format | Online Book |
| id | wb-10986-34710 |
| institution | Banco Mundial |
| publishDate | 2020 |
| publisher | Washington, DC: World Bank |
| record_format | dspace |
| spelling | wb-10986-347102025-04-16T05:19:51Z Global Economic Prospects, January 2021 World Bank COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT 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. 2020-10-30T21:38:22Z 2020-10-30T21:38:22Z 2021-01-05 Book Livre Libro https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021 978-1-4648-1612-3 https://hdl.handle.net/10986/34710 https://doi.org/10.1596/978-1-4648-1612-3 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/pdf application/octet-stream application/vnd.openxmlformats-officedocument.spreadsheetml.sheet Washington, DC: World Bank |
| spellingShingle | COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT World Bank Global Economic Prospects, January 2021 |
| title | Global Economic Prospects, January 2021 |
| title_full | Global Economic Prospects, January 2021 |
| title_fullStr | Global Economic Prospects, January 2021 |
| title_full_unstemmed | Global Economic Prospects, January 2021 |
| title_short | Global Economic Prospects, January 2021 |
| title_sort | global economic prospects january 2021 |
| topic | COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT |
| url | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021 https://hdl.handle.net/10986/34710 https://doi.org/10.1596/978-1-4648-1612-3 |
| work_keys_str_mv | AT worldbank globaleconomicprospectsjanuary2021 |