Global Economic Prospects, June 2024

World Bank

No 41536 in World Bank Publications - Books from The World Bank Group

Abstract: After several years of negative shocks, global growth is expected to hold steady in 2024 and then edge up in the next couple of years, in part aided by cautious monetary policy easing as inflation gradually declines. However, economic prospects are envisaged to remain tepid, especially in the most vulnerable countries. Risks to the outlook, while more balanced, are still tilted to the downside, including the possibility of escalating geopolitical tensions, further trade fragmentation, and higher-for-longer interest rates. Natural disasters related to climate change could also hinder activity. Subdued growth prospects across many emerging market and developing economies and continued risks underscore the need for decisive policy action at the global and national levels. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.

Keywords: Macroeconomics; and; Economic; Growth-Economic; Forecasting; Macroeconomics; and; Economic; Growth-Economic; Growth; International; Economics; and; Trade-Trade; Policy; Public; Sector; Development-Public; Investment (search for similar items in EconPapers)
Date: 2024
ISBN: 978-1-4648-2058-8 (paper)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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