Global Economic Prospects, January 2023
Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is ex...
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| Formato: | Online |
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Washington, DC: World Bank
2022
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| Acesso em linha: | https://hdl.handle.net/10986/38030 |
| _version_ | 1866367011599155200 |
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| author | World Bank |
| author_facet | World Bank |
| author_sort | World Bank |
| collection | Publicaciones institucionales emblemáticas |
| description | Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into recession. Small states are especially vulnerable to such shocks because of the reliance on external trade and financing, limited economic diversification, elevated debt, and susceptibility to natural disasters. Against this backdrop, it is critical that EMDE policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient. Urgent global and national efforts are also needed to mitigate the risks of global recession and debt distress in EMDEs, and to support a major increase in EMDE investment. |
| format | Online Book |
| id | wb-10986-38030 |
| institution | Banco Mundial |
| publishDate | 2022 |
| publisher | Washington, DC: World Bank |
| record_format | dspace |
| spelling | wb-10986-380302025-08-28T19:39:27Z Global Economic Prospects, January 2023 World Bank GLOBAL GROWTH EMDE EMERGING MARKET AND DEVELOPING ECONOMIES MACROECONOMIC POLICY GLOBAL DECELERATION INFLATION RISKS RECESSION FISCAL POLICY ADVANCED ECONOMIES GLOBAL ECONOMY GEOPOLITICAL TENSIONS DEBT LEVELS RUSSIA INVASION Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into recession. Small states are especially vulnerable to such shocks because of the reliance on external trade and financing, limited economic diversification, elevated debt, and susceptibility to natural disasters. Against this backdrop, it is critical that EMDE policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient. Urgent global and national efforts are also needed to mitigate the risks of global recession and debt distress in EMDEs, and to support a major increase in EMDE investment. 2022-09-16T15:35:46Z 2022-09-16T15:35:46Z 2023-01-10 Book 978-1-4648-1906-3 978-1-4648-1950-6 (electronic) Library of Congress Control Number: 2022923405 https://hdl.handle.net/10986/38030 10.1596/978-1-4648-1906-3 Global Economic Prospects CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf application/vnd.openxmlformats-officedocument.spreadsheetml.sheet application/octet-stream application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/vnd.openxmlformats-officedocument.presentationml.presentation Washington, DC: World Bank |
| spellingShingle | GLOBAL GROWTH EMDE EMERGING MARKET AND DEVELOPING ECONOMIES MACROECONOMIC POLICY GLOBAL DECELERATION INFLATION RISKS RECESSION FISCAL POLICY ADVANCED ECONOMIES GLOBAL ECONOMY GEOPOLITICAL TENSIONS DEBT LEVELS RUSSIA INVASION World Bank Global Economic Prospects, January 2023 |
| title | Global Economic Prospects, January 2023 |
| title_full | Global Economic Prospects, January 2023 |
| title_fullStr | Global Economic Prospects, January 2023 |
| title_full_unstemmed | Global Economic Prospects, January 2023 |
| title_short | Global Economic Prospects, January 2023 |
| title_sort | global economic prospects january 2023 |
| topic | GLOBAL GROWTH EMDE EMERGING MARKET AND DEVELOPING ECONOMIES MACROECONOMIC POLICY GLOBAL DECELERATION INFLATION RISKS RECESSION FISCAL POLICY ADVANCED ECONOMIES GLOBAL ECONOMY GEOPOLITICAL TENSIONS DEBT LEVELS RUSSIA INVASION |
| url | https://hdl.handle.net/10986/38030 |
| work_keys_str_mv | AT worldbank globaleconomicprospectsjanuary2023 |