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Global Economic Prospects June 2016
Report

Global Economic Prospects June 2016

Divergences and Risks

World Bank, 2016

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Editorial Rating

7

Qualities

  • Comprehensive
  • Overview

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.

Take-Aways

  • World Bank economists forecast 2016 global economic growth of 2.4%, the same rate achieved in 2015.
  • While the pace of growth differs among countries, current global disquiet makes it difficult to forecasting economic activity accurately.
  • Negative interest rates in several countries compound this problem, as do rising debt, geopolitical risk, and monetary and fiscal policy constraints across many nations.

About the Author

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