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Global Economic Prospects June 2015
Report

Global Economic Prospects June 2015

The Global Economy in Transition

World Bank Group
World Bank, 2015
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Editorial Rating

7

Recommendation

This detailed report from the World Bank offers an incisive review of the global economy going into 2017, with a focus on the world’s developing regions. Low prices for commodities, especially oil, and monetary tightening in the United States are the two major challenges facing policy makers worldwide. Although these changes may lead to good consequences in the long term, they may be difficult to endure in the short run. This exhaustive economic analysis is especially relevant for economists, global investment managers and international bankers. getAbstract also recommends it to anyone with a professional interest in the global economy, including individual investors.

Take-Aways

  • The global economy faces two notable challenges: rising interest rates from monetary tightening in the United States and the multiple impacts of lower commodity prices.
  • Analysts predict global growth will increase from 2.8% in 2015 to 3.2% in 2016–2017.
  • Although some oil importers may be less vulnerable to economic shocks because of lower oil prices, the positive aspects of those savings have yet to appear.

About the Author

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

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