Summary of Global Economic Prospects (Vol. 7)

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Global Economic Prospects (Vol. 7) summary
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Recommendation

Economists Andrew Burns and Theo Janse van Rensburg and their World Bank colleagues present a lengthy, detailed, first-rate report on global economic conditions now and into 2015. They organize information by topic and region – augmented with clear text, graphs, tables and charts – to present an in-depth look at global prospects. Their research indicates that the economic storms of 2008 are over, leaving most countries on stable, if somewhat slippery, footing. Many developing nations still need simplified financial rules and improved infrastructures. The immediate future promises lower commodity prices and continued anemic euro-zone growth. Meanwhile, the threat of violence in the Middle East offers significant risk, and deficit and debt issues in Japan and the US pose potential hazards. getAbstract heartily recommends this lucid summary to businesspeople, financiers, entrepreneurs and investors, especially those engaged in global businesses.

In this summary, you will learn

  • What current global economic conditions are,
  • What growth projections for 2015 reveal and
  • What risks may affect continued growth.
 

About the Authors

Lead economist Andrew Burns manages the Global Macroeconomic Team in the Development Prospects Group at the World Bank, where Theo Janse van Rensburg is a senior economist.

 

Summary

Easing Toward Stability
The worldwide economy is recovering, albeit slowly. The United States’ gross domestic product (GDP) is up 2.4%, while Japan’s is up 4.1%. The euro zone’s industrial production has increased 0.7%, though its GDP declined slightly. Projections suggest growth in worldwide...

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