Global Economic Prospects, January 2022

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 hori...

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Main Author:	World Bank
Format:	Book
Published:	Washington, DC: World Bank 2021
Subjects:	COMMODITY PRICES ECONOMIC GROWTH ECONOMIC OUTLOOK EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES INTERNATIONAL TRADE DEBT ECONOMIC RECOVERY CORONAVIRUS COVID-19 FISCAL POLICY POST-PANDEMIC INEQUALITY FINANCIAL CRISIS
Online Access:	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/957321641964985120/main-report http://hdl.handle.net/10986/36519

id	okr-10986-36519
recordtype	oai_dc
spelling	okr-10986-365192022-01-13T15:56:13Z Global Economic Prospects, January 2022 World Bank COMMODITY PRICES ECONOMIC GROWTH ECONOMIC OUTLOOK EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES INTERNATIONAL TRADE DEBT ECONOMIC RECOVERY CORONAVIRUS COVID-19 FISCAL POLICY POST-PANDEMIC INEQUALITY FINANCIAL CRISIS 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. 2021-11-09T20:02:11Z 2021-11-09T20:02:11Z 2022-01-11 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/957321641964985120/main-report 978-1-4648-1758-8 http://hdl.handle.net/10986/36519 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	COMMODITY PRICES ECONOMIC GROWTH ECONOMIC OUTLOOK EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES INTERNATIONAL TRADE DEBT ECONOMIC RECOVERY CORONAVIRUS COVID-19 FISCAL POLICY POST-PANDEMIC INEQUALITY FINANCIAL CRISIS
spellingShingle	COMMODITY PRICES ECONOMIC GROWTH ECONOMIC OUTLOOK EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES INTERNATIONAL TRADE DEBT ECONOMIC RECOVERY CORONAVIRUS COVID-19 FISCAL POLICY POST-PANDEMIC INEQUALITY FINANCIAL CRISIS World Bank Global Economic Prospects, January 2022
description	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.
format	Book
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Global Economic Prospects, January 2022
title_short	Global Economic Prospects, January 2022
title_full	Global Economic Prospects, January 2022
title_fullStr	Global Economic Prospects, January 2022
title_full_unstemmed	Global Economic Prospects, January 2022
title_sort	global economic prospects, january 2022
publisher	Washington, DC: World Bank
publishDate	2021
url	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/957321641964985120/main-report http://hdl.handle.net/10986/36519
_version_	1764485444783833088

Global Economic Prospects, January 2022

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