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Global Economic Prospects, June 2024

After several years of negative shocks, global growth is expected to hold steady in 2024 and then edge up in the next couple of years, in part aided by cautious monetary policy easing as inflation gradually declines. However, economic prospects are envisaged to remain tepid, especially in the most v...

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Autor principal: World Bank
Formato: En linea
Idioma:en_US
Publicado: Washington, DC: World Bank 2024
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Acceso en línea:https://hdl.handle.net/10986/41536
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author World Bank
author_facet World Bank
author_sort World Bank
collection Publicaciones institucionales emblemáticas
description After several years of negative shocks, global growth is expected to hold steady in 2024 and then edge up in the next couple of years, in part aided by cautious monetary policy easing as inflation gradually declines. However, economic prospects are envisaged to remain tepid, especially in the most vulnerable countries. Risks to the outlook, while more balanced, are still tilted to the downside, including the possibility of escalating geopolitical tensions, further trade fragmentation, and higher-for-longer interest rates. Natural disasters related to climate change could also hinder activity. Subdued growth prospects across many emerging market and developing economies and continued risks underscore the need for decisive policy action at the global and national levels. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
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spelling wb-10986-415362025-11-18T14:17:49Z Global Economic Prospects, June 2024 World Bank SMALL STATES PUBLIC INVESTMENT SOFT LANDING TRADE POLICY UNCERTAINTY WIDENING INCOME GAP After several years of negative shocks, global growth is expected to hold steady in 2024 and then edge up in the next couple of years, in part aided by cautious monetary policy easing as inflation gradually declines. However, economic prospects are envisaged to remain tepid, especially in the most vulnerable countries. Risks to the outlook, while more balanced, are still tilted to the downside, including the possibility of escalating geopolitical tensions, further trade fragmentation, and higher-for-longer interest rates. Natural disasters related to climate change could also hinder activity. Subdued growth prospects across many emerging market and developing economies and continued risks underscore the need for decisive policy action at the global and national levels. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies. 2024-05-10T18:09:47Z 2024-05-10T18:09:47Z 2024-06-11 Serial 978-1-4648-2058-8 (paper) 978-1-4648-2059-5 (electronic) 1014-8906 Library of Congress Control Number: 2024910800 https://hdl.handle.net/10986/41536 10.1596/978-1-4648-2058-8 10.1596/41536 en_US CC BY 3.0 IGO https://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 Washington, DC: World Bank
spellingShingle SMALL STATES
PUBLIC INVESTMENT
SOFT LANDING
TRADE POLICY UNCERTAINTY
WIDENING INCOME GAP
World Bank
Global Economic Prospects, June 2024
title Global Economic Prospects, June 2024
title_full Global Economic Prospects, June 2024
title_fullStr Global Economic Prospects, June 2024
title_full_unstemmed Global Economic Prospects, June 2024
title_short Global Economic Prospects, June 2024
title_sort global economic prospects june 2024
topic SMALL STATES
PUBLIC INVESTMENT
SOFT LANDING
TRADE POLICY UNCERTAINTY
WIDENING INCOME GAP
url https://hdl.handle.net/10986/41536
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