Global Economic Prospects, June 2018 : the Turning of the Tide?.

Global growth has eased but remains robust and is projected to reach 3.1 percent in 2018. It is expected to edge down in the next two years, to 2.9 percent by 2020, as global slack dissipates, trade and investment moderate, and financing conditions tighten. Growth in advanced economies is predicted...

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Bibliographic Details
Main Author: World Bank Group, World Bank
Format: Electronic eBook
Language:English
Published: Washington, D.C. : World Bank Publications, 2018.
Series:Global Economic Prospects Ser.
Subjects:
Online Access: Full text (Emmanuel users only)

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245 1 0 |a Global Economic Prospects, June 2018 :  |b the Turning of the Tide?. 
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500 |a 1.17 Downside risks: Financial stress. 
505 0 |a Cover; Title; Copyright; Dedication; Summary of Contents; Table of Contents; Foreword; Acknowledgments; Executive Summary; Abbreviations; Chapter 1 Global Outlook: The Turning of the Tide?; Summary; Major economies: Recent developments and outlook; United States; Euro Area; Japan; China; Global trends; Global trade; Financial markets; Commodities; Emerging and developing economies: Recent developments and outlook; Recent developments; EMDE outlook; Risks to the outlook; Disorderly tightening of financing conditions; Escalating trade protectionism. 
505 8 |a Policy uncertainty and geopolitical developmentsA combination of global downside risks; Region-specific downside risks; Stronger and longer-lasting cyclical recovery; Policy challenges; Challenges in advanced economies; Challenges in emerging and developing economies; References; Box 1.1 Long-term growth prospects: Downgraded no more?; Box 1.2 Low-income countries: Recent developments and outlook; Box 1.3 Regional perspectives: Recent developments and outlook; Special Focus 1 The Role of Major Emerging Markets in Global Commodity Demand; Introduction. 
505 8 |a The role of the EM7 in commodity consumptionDrivers of commodities consumption; Prospects for commodities demand; Policy implications; Conclusion; Annex SF1.1 Modeling income elasticities; References; Special Focus 2 Corporate Debt: Financial Stability and Investment Implications; Introduction; Corporate debt landscape in EMDEs; Corporate debt and financial stability; Corporate debt and economic growth; Policy implications; Annex SF2.1 Data and methodology: Firm-level analysis; References; Chapter 2 Regional Outlooks; East Asia and Pacific; Recent developments; Outlook; Risks. 
505 8 |a Europe and Central AsiaRecent developments; Outlook; Risks; Latin America and the Caribbean; Recent developments; Outlook; Risks; Middle East and North Africa; Recent developments; Outlook; Risks; South Asia; Recent developments; Outlook; Risks; Sub-Saharan Africa; Recent developments; Outlook; Risks; References; Statistical Appendix; Selected Topics; Figures; 1.1 Summary -- Global prospects; 1.2 Global risks and policy challenges; 1.3 Advanced economies; 1.1.1 Growth forecasts: Global, groups and aggregates. 
505 8 |a 1.1.2 Growth forecasts in major economies and in comparison with actual and potential growth1.1.3 Growth forecasts and change in global GDP; 1.4 United States; 1.5 Euro Area; 1.6 Japan; 1.7 China; 1.8 Global trade; 1.9 Global finance; 1.10 Commodity markets; 1.11 Activity in EMDEs; 1.12 Activity in EMDE commodity exporters; 1.2.1 Recent developments in low-income countries; 1.2.2 Outlook; 1.13 Activity in EMDE commodity importers, excluding China; 1.14 EMDE growth prospects; 1.3.1 Regional growth; 1.15 Per capita growth and poverty in EMDEs; 1.16 Risks: Tilted to the downside. 
520 3 |a Global growth has eased but remains robust and is projected to reach 3.1 percent in 2018. It is expected to edge down in the next two years, to 2.9 percent by 2020, as global slack dissipates, trade and investment moderate, and financing conditions tighten. Growth in advanced economies is predicted to decelerate toward potential rates as monetary policy normalizes and the effects of U.S. fiscal stimulus wane. In emerging market and developing economies (EMDEs), growth in commodity importers will remain robust, while the rebound in commodity exporters is projected to mature during the next two years. Progress in per capita income growth will be uneven, however, remaining particularly subdued in Sub-Saharan Africa. Risks to the outlook remain tilted to the downside. The possibilities of escalating trade protectionism and disorderly financial market movements have increased substantially in recent months, and the risk of heightened geopolitical tensions continues to cloud the outlook. EMDE policymakers need to rebuild monetary and fiscal policy buffers and be prepared for rising global interest rates and possible episodes of financial market turbulence. In the longer run, EMDEs need to tackle ongoing structural challenges and boost potential growth, by promoting competitiveness, adaptability to technological change, and trade openness. 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 countries, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces. 
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