Emerging and Developing Economies : Ten Years After the Global Recession

Emerging and Developing Economies : Ten Years After the Global Recession

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room f...

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Main Authors: Kose, M. Ayhan, Ohnsorge, Franziska
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
ECONOMIC INTEGRATION
INTERNATIONAL BUSINESS CYCLE
FINANCIAL CRISIS
MACROECONOMIC POLICY
MACROECONOMIC MANAGEMENT
GLOBAL RECESSION
Online Access:http://documents.worldbank.org/curated/en/523581581626000762/Emerging-and-Developing-Economies-Ten-Years-After-the-Global-Recession
http://hdl.handle.net/10986/33353
id okr-10986-33353
recordtype oai_dc
spelling okr-10986-333532022-09-20T00:11:32Z Emerging and Developing Economies : Ten Years After the Global Recession Kose, M. Ayhan Ohnsorge, Franziska ECONOMIC INTEGRATION INTERNATIONAL BUSINESS CYCLE FINANCIAL CRISIS MACROECONOMIC POLICY MACROECONOMIC MANAGEMENT GLOBAL RECESSION Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened. The experience of the 2009 global recession highlights once again the critical role of policy room in shielding economic activity during adverse shocks. The subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs is now to improve resilience to shocks and to lift long-term growth prospects. 2020-02-20T16:00:27Z 2020-02-20T16:00:27Z 2020-02 Working Paper http://documents.worldbank.org/curated/en/523581581626000762/Emerging-and-Developing-Economies-Ten-Years-After-the-Global-Recession http://hdl.handle.net/10986/33353 English Policy Research Working Paper;No. 9148 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ECONOMIC INTEGRATION
INTERNATIONAL BUSINESS CYCLE
FINANCIAL CRISIS
MACROECONOMIC POLICY
MACROECONOMIC MANAGEMENT
GLOBAL RECESSION
spellingShingle ECONOMIC INTEGRATION
INTERNATIONAL BUSINESS CYCLE
FINANCIAL CRISIS
MACROECONOMIC POLICY
MACROECONOMIC MANAGEMENT
GLOBAL RECESSION
Kose, M. Ayhan
Ohnsorge, Franziska
Emerging and Developing Economies : Ten Years After the Global Recession
relation Policy Research Working Paper;No. 9148
description Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened. The experience of the 2009 global recession highlights once again the critical role of policy room in shielding economic activity during adverse shocks. The subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs is now to improve resilience to shocks and to lift long-term growth prospects.
format Working Paper
author Kose, M. Ayhan
Ohnsorge, Franziska
author_facet Kose, M. Ayhan
Ohnsorge, Franziska
author_sort Kose, M. Ayhan
title Emerging and Developing Economies : Ten Years After the Global Recession
title_short Emerging and Developing Economies : Ten Years After the Global Recession
title_full Emerging and Developing Economies : Ten Years After the Global Recession
title_fullStr Emerging and Developing Economies : Ten Years After the Global Recession
title_full_unstemmed Emerging and Developing Economies : Ten Years After the Global Recession
title_sort emerging and developing economies : ten years after the global recession
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/523581581626000762/Emerging-and-Developing-Economies-Ten-Years-After-the-Global-Recession
http://hdl.handle.net/10986/33353
_version_ 1764478548476690432

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