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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Global Economic Prospects, January 2023

Global Economic Prospects, January 2023

World Bank Group

Paperback

Series: Global Economic Prospects

Economics

ISBN10: 1464819068
ISBN13: 9781464819063
Publisher: World Bank Publications
Published: Feb 23 2023
Pages: 194
Weight: 1.40
Height: 0.50 Width: 8.50 Depth: 11.00
Language: English

Global growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high

inflation, worsening financial conditions, and continued disruptions from Russia's invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into recession. Small states are especially vulnerable to such shocks because of the reliance on external trade and financing, limited economic diversification, elevated debt, and susceptibility to natural disasters. Against this backdrop, it is critical that EMDE policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient. Urgent global and national efforts are also needed to mitigate the risks of global recession and debt distress in EMDEs, and to support a major increase in EMDE investment.

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