Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future

The global economy got off to a bumpy start this year, but growth in 2015 and 2016 looks to be broadly on track. Projections for developing countries in 2014 have been down downgraded by 0.5 percentage points to 4.8 percent mainly reflecting weak first quarter growth in the US due to weather and the...

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Main Author:	World Bank
Format:	Publication
Language:	en_US
Published:	Washington, DC 2014
Subjects:	capital inflows developing countries forecast growth high-income countries inflation macroeconomics monetary easing outlook unemployment
Online Access:	http://hdl.handle.net/10986/18647

id	okr-10986-18647
recordtype	oai_dc
spelling	okr-10986-186472021-04-23T14:03:48Z Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future World Bank capital inflows developing countries forecast growth high-income countries inflation macroeconomics monetary easing outlook unemployment The global economy got off to a bumpy start this year, but growth in 2015 and 2016 looks to be broadly on track. Projections for developing countries in 2014 have been down downgraded by 0.5 percentage points to 4.8 percent mainly reflecting weak first quarter growth in the US due to weather and the conflict in Ukraine. Going forward growth is projected to firm to 5.3 and 5.5 percent in 2015 and 2016 supported by easy global financial conditions and rebounding exports as high-income countries continue to recover under the influence of a reduced drag from fiscal consolidation and improving labor markets. Financial conditions will eventually tighten, and when they do there is risk of further volatility. Most developing countries are in good fiscal and financial shape, but where vulnerabilities remain countries need to tighten policy to reduce the potential impact of external shocks. Overall, growth for developing countries will be solid but not strong enough to generate the income and employment gains needed to eliminate poverty by 2013. As a result, countries need to focus on structural reform in order to lift growth in and enduring and sustainable manner. 2014-06-12T20:10:30Z 2014-06-12T20:10:30Z 2014-06 978-1-4648-0387-1 10.1596/978-1-4648-0387-1 http://hdl.handle.net/10986/18647 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo Washington, DC Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	capital inflows developing countries forecast growth high-income countries inflation macroeconomics monetary easing outlook unemployment
spellingShingle	capital inflows developing countries forecast growth high-income countries inflation macroeconomics monetary easing outlook unemployment World Bank Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future
description	The global economy got off to a bumpy start this year, but growth in 2015 and 2016 looks to be broadly on track. Projections for developing countries in 2014 have been down downgraded by 0.5 percentage points to 4.8 percent mainly reflecting weak first quarter growth in the US due to weather and the conflict in Ukraine. Going forward growth is projected to firm to 5.3 and 5.5 percent in 2015 and 2016 supported by easy global financial conditions and rebounding exports as high-income countries continue to recover under the influence of a reduced drag from fiscal consolidation and improving labor markets. Financial conditions will eventually tighten, and when they do there is risk of further volatility. Most developing countries are in good fiscal and financial shape, but where vulnerabilities remain countries need to tighten policy to reduce the potential impact of external shocks. Overall, growth for developing countries will be solid but not strong enough to generate the income and employment gains needed to eliminate poverty by 2013. As a result, countries need to focus on structural reform in order to lift growth in and enduring and sustainable manner.
format	Publications & Research :: Publication
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future
title_short	Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future
title_full	Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future
title_fullStr	Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future
title_full_unstemmed	Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future
title_sort	global economic prospects, june 2014 : shifting priorities, building for the future
publisher	Washington, DC
publishDate	2014
url	http://hdl.handle.net/10986/18647
_version_	1764442459671101440

Global Economic Prospects, June 2014 : Shifting Priorities, Building for the Future

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