Global Economic Prospects, January 2021

Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapid...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Book
Published:	Washington, DC: World Bank 2020
Subjects:	COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT
Online Access:	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021 http://hdl.handle.net/10986/34710

id	okr-10986-34710
recordtype	oai_dc
spelling	okr-10986-347102021-04-23T14:02:06Z Global Economic Prospects, January 2021 World Bank COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapidly rising debt. The pandemic has further diminished already-weak growth prospects for the next decade. Decisive policy actions will be critical in raising the likelihood of better growth outcomes while warding off worse ones. Immediate priorities include supporting vulnerable groups and ensuring a prompt and widespread vaccination process to bring the pandemic under control. Although macroeconomic policy support will continue to be important, limited fiscal policy space amid high debt highlights the need for an ambitious reform agenda that bolsters growth prospects. To address many of these challenges, global cooperation will be key. 2020-10-30T21:38:22Z 2020-10-30T21:38:22Z 2021-01-05 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021 978-1-4648-1612-3 http://hdl.handle.net/10986/34710 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank 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
topic	COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT
spellingShingle	COMMODITY PRICES ECONOMIC GROWTH ECONOMIC PROSPECTS DEVELOPING COUNTRIES EMERGING MARKET ECONOMIES GLOBAL ECONOMY INTERNATIONAL TRADE INVESTMENT INFLATION DEBT ECONOMIC CRISIS CORONAVIRUS COVID-19 PANDEMIC IMPACT World Bank Global Economic Prospects, January 2021
description	Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapidly rising debt. The pandemic has further diminished already-weak growth prospects for the next decade. Decisive policy actions will be critical in raising the likelihood of better growth outcomes while warding off worse ones. Immediate priorities include supporting vulnerable groups and ensuring a prompt and widespread vaccination process to bring the pandemic under control. Although macroeconomic policy support will continue to be important, limited fiscal policy space amid high debt highlights the need for an ambitious reform agenda that bolsters growth prospects. To address many of these challenges, global cooperation will be key.
format	Book
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Global Economic Prospects, January 2021
title_short	Global Economic Prospects, January 2021
title_full	Global Economic Prospects, January 2021
title_fullStr	Global Economic Prospects, January 2021
title_full_unstemmed	Global Economic Prospects, January 2021
title_sort	global economic prospects, january 2021
publisher	Washington, DC: World Bank
publishDate	2020
url	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021 http://hdl.handle.net/10986/34710
_version_	1764481489532092416

Global Economic Prospects, January 2021

Similar Items