Summary of Global Economic Prospects (Vol. 9)

Shifting Priorities, Building for the Future

World Bank,

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Global Economic Prospects (Vol. 9) summary
The global economy is slowly and steadily rising to its feet, but ongoing challenges could hinder its ascent.

Rating

7 Overall

8 Importance

7 Innovation

6 Style

Recommendation

Years after the end of a scarring global recession, markets and economies are rebounding, though at varying rates of speed. This World Bank Group (WBG) report attempts to divine where the world economy is going, particularly in developing regions. In a well-researched, well-referenced, highly collaborative effort by WBG country, regional and industrial sector specialists, this practical analysis considers the source of current economic conditions and steps authorities can take to avoid exogenous shocks to developing market economies. As such, it is at once descriptive and prescriptive (and at times, by implication, proscriptive). Although WBG produced this report prior to summer developments in conflicts in the Middle East, Libya and Ukraine, its content is mostly very timely. Its value lies in its ability to present a detailed, nuanced view of the global economy, with a focus on the developing world that does not sacrifice the bigger macroeconomic picture.

In this summary, you will learn

  • How the global economy is faring in mid-2014
  • What the prospects are for continued economic growth
  • Why policy makers should work to build resilience in developing economies in anticipation of tighter monetary conditions in developed markets
 

Summary

Through the Looking Glass: The Global Economy as of Mid-2014
Choppy financial markets, a frigid winter in the United States and regional strife in Ukraine all contributed to a somewhat unsettled global economy in the first half of 2014. Better prospects for the second half appear in the...
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About the Author

The World Bank Group provides financial and technical assistance to developing countries.


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