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Global Economic Prospects, January 2022
About this book
The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt restructuring, this will be more difficult to achieve than in the past. Climate change may increase commodity price volatility, creating challenges for the almost two-thirds of emerging market and developing economies that rely heavily on commodity exports and highlighting the need for asset diversification. Social tensions may heighten as a result of the increase in inequality caused by the pandemic. These challenges underscore the importance of strengthened global cooperation to promote a green, resilient, and inclusive recovery path. 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 economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Global Economic Prospects, January 2022 by World Bank Group in PDF and/or ePUB format, as well as other popular books in Economics & Economic Conditions. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Summary of Contents
- Contents
- Acknowledgments
- Foreword
- Executive Summary
- Abbreviations
- Chapter 1 Global Outlook
- Special Focus Resolving High Debt after the Pandemic: Lessons from Past Episodes of Debt Relief
- Chapter 2 Regional Outlooks
- Chapter 3 Commodity Price Cycles: Drivers and Policies
- Chapter 4 Impact of COVID-19 on Global Income Inequality
- Statistical Appendix
- Back Cover