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Global Economic Prospects (Vol. 9)
Report

Global Economic Prospects (Vol. 9)

Shifting Priorities, Building for the Future

World Bank Group
World Bank, 2014
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Editorial Rating

7

Qualities

  • Comprehensive
  • Well Structured
  • Overview

Recommendation

Years after the end of a scarring global recession, markets and economies are rebounding, though at varying rates of speed. This World Bank Group (WBG) report attempts to divine where the world economy is going, particularly in developing regions. In a well-researched, well-referenced, highly collaborative effort by WBG country, regional and industrial sector specialists, this practical analysis considers the source of current economic conditions and steps authorities can take to avoid exogenous shocks to developing market economies. As such, it is at once descriptive and prescriptive (and at times, by implication, proscriptive). Although WBG produced this report prior to summer developments in conflicts in the Middle East, Libya and Ukraine, its content is mostly very timely. Its value lies in its ability to present a detailed, nuanced view of the global economy, with a focus on the developing world that does not sacrifice the bigger macroeconomic picture.

Take-Aways

  • The global economy has regained a much more secure footing since the 2008 recession.
  • However, by mid-2014, a harsh winter in the United States, roiled financial markets and ongoing conflict in Ukraine had impeded growth.
  • Notwithstanding these challenges, economists expect economic growth worldwide to trend upward toward the end of 2014, and into 2015 and 2016.

About the Author

The World Bank Group provides financial and technical assistance to developing countries.

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