Summary of Global Economic Prospects June 2016

Divergences and Risks

World Bank,

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Global Economic Prospects June 2016 summary
The prospects for global growth in 2016 are mired in uncertainty.

Rating

7 Overall

8 Importance

7 Innovation

6 Style

Recommendation

The international economic complex continues to inch forward, continuing its years-long recovery from the 2008 global financial crisis. Yet policy officials and economists at the World Bank expect the pace of expansion to slow substantively during the rest of 2016. The sclerotic growth is fomenting political and economic turmoil – witness the Brexit vote – and a far more pronounced nationalist tone across the sovereign landscape. The weak forecasts for developed and developing markets are of particular concern; both lack resiliency in an environment with high public and private debt levels, low commodity prices, and potentially volatile global capital flows. getAbstract recommends this comprehensive and authoritative mid-year review on the state of the global economy to executives, economists and investors.

In this summary, you will learn

  • How the global economy measured up in June 2016
  • How the World Bank predicts regional and national economies will perform in 2017 and 2018
  • What critical steps policy leaders can take to drive stronger growth
 

Summary

The Overall Picture
Economists at the World Bank were much less sanguine in June 2016 about the prospects for global economic growth than they were in January 2016. In fact, they lowered their initial prediction of a 2.9% expansion to 2.4%, the same rate the world economy achieved in 2015...
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About the Author

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


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