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Global Economic Prospects, June 2023

Global Economic Prospects, June 2023

Paperback

Economics

ISBN10: 1464819513
ISBN13: 9781464819513
Publisher: World Bank Publications
Published: Jun 27 2023
Pages: 182
Weight: 0.96
Height: 0.39 Width: 8.50 Depth: 11.00
Language: English

Global growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024. Inflation pressures persist, and tight monetary policy is expected to weigh substantially on activity. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth. Rising borrowing costs in advanced economies could lead to financial dislocations in the more vulnerable emerging market and developing economies (EMDEs). In low-income countries, in particular, fiscal positions are increasingly precarious.

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