Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth

The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish – especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the boom per...

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Main Author:	World Bank
Format:	Publication
Language:	en_US
Published:	Washington, DC 2013
Subjects:	Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment
Online Access:	http://hdl.handle.net/10986/13892

id	okr-10986-13892
recordtype	oai_dc
spelling	okr-10986-138922021-04-23T14:03:21Z Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth World Bank Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish – especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the boom period, it is in line with underlying potential, and output is projected to pick up only gradually to around 5.8 percent by 2015. High unemployment and spare capacity remain pressing problems in developing Europe and the Middle East and North Africa. With a more stable external environment, new risks and challenges are gaining prominence, including the potential impact on exporting countries of a faster than anticipated decline in commodity prices, the possibility that the eventual withdrawal of quantitative easing exposes vulnerabilities in developing countries, and the need to resort increasingly to supply-side rather than demand stimulus policies to achieve stronger growth. 2013-06-13T14:15:16Z 2013-06-13T14:15:16Z 2013-06-12 978-1-4648-0036-8 http://hdl.handle.net/10986/13892 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Publication Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment
spellingShingle	Industrial production Inflation Financial markets Trade Exchange rates Commodity markets Global outlook developing countries financial crisis growth macroeconomics quantitative easing unemployment World Bank Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth
description	The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish – especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the boom period, it is in line with underlying potential, and output is projected to pick up only gradually to around 5.8 percent by 2015. High unemployment and spare capacity remain pressing problems in developing Europe and the Middle East and North Africa. With a more stable external environment, new risks and challenges are gaining prominence, including the potential impact on exporting countries of a faster than anticipated decline in commodity prices, the possibility that the eventual withdrawal of quantitative easing exposes vulnerabilities in developing countries, and the need to resort increasingly to supply-side rather than demand stimulus policies to achieve stronger growth.
format	Publications & Research :: Publication
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth
title_short	Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth
title_full	Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth
title_fullStr	Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth
title_full_unstemmed	Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth
title_sort	global economic prospects, june 2013 : less volatile, but slower growth
publisher	Washington, DC
publishDate	2013
url	http://hdl.handle.net/10986/13892
_version_	1764430844366159872

Global Economic Prospects, June 2013 : Less Volatile, but Slower Growth

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