Global Economic Prospects, January 2022 - Open Knowledge ...

If some countries eventually require debt restructuring, ... The World Bank Annual Report 2021 : From Crisis to Green, Resilient, ...      JavaScriptisdisabledforyourbrowser.Somefeaturesofthissitemaynotworkwithoutit. Browse Browsethiscollection Authorprofiles Sitestatistics Focus Browse Collections Authors Dates Topics Titles Browsethiscollection Authors Dates Topics Titles Authorprofiles View Sitestatistics Authors Countries Titles Focus Sub-SaharanAfricaSustainableDevelopmentGoals Home »02.Books »CorporateFlagships »GlobalEconomicProspects Book GlobalEconomicProspects,January2022 cb TweetLikeShare#Shares: 0 Download EnglishPDF4.495MB Chapter1594.0KB Chartszipped11.98MB GDPdata91.50KB Published 2022-01-11 Author(s) WorldBank Metadata Showfullitemrecord AbstractTheglobalrecoveryissettodecelerateamiddiminishedpolicysupport,continuedCOVID-19flare-ups,andlingeringsupplybottlenecks.Incontrasttothatinadvancedeconomies,outputinemergingmarketanddevelopingeconomieswillremainmarkedlybelowpre-pandemictrendsovertheforecasthorizon.Theoutlookiscloudedbyvariousdownsiderisks,includingnewCOVID-19outbreaks,thepossibilityofde-anchoredinflationexpectations,andfinancialstressinacontextofrecord-highdebtlevels.Ifsomecountrieseventuallyrequiredebtrestructuring,thiswillbemoredifficulttoachievethaninthepast.Climatechangemayincreasecommoditypricevolatility,creatingchallengesforthealmosttwo-thirdsofemergingmarketanddevelopingeconomiesthatrelyheavilyoncommodityexportsandhighlightingtheneedforassetdiversification.Socialtensionsmayheightenasaresultoftheincreaseininequalitycausedbythepandemic.Thesechallengesunderscoretheimportanceofstrengthenedglobalcooperationtopromoteagreen,resilient,andinclusiverecoverypath. Citation “WorldBank.2022.GlobalEconomicProspects,January2022.Washington,DC:WorldBank.©WorldBank.https://openknowledge.worldbank.org/handle/10986/36519License:CCBY3.0IGO.” URI http://hdl.handle.net/10986/36519 Collection(s) ThisitemappearsinthefollowingCollection(s) GlobalEconomicProspects ShowStatisticalInformation Usersalsodownloaded WorldDevelopmentReport2019:TheChangingNatureofWork  WorldBank(2019) Workisconstantlyreshapedbytechnologicalprogress.Newwaysofproductionareadopted,marketsexpand,andsocietiesevolve.Butsomechangesprovokemoreattentionthanothers,inpartduetothevastuncertaintyinvolvedinmakingpredictionsaboutthefuture.The2019WorldDevelopmentReportwillstudyhowthenatureofworkischangingasaresultofadvancesintechnologytoday. Technologicalprogressdisruptsexistingsystems.Anewsocialcontractisneededtosmooththetransitionandguardagainstrisinginequality.Significantinvestmentsinhumancapitalthroughoutaperson’slifecyclearevitaltothiseffort.Ifworkersaretostaycompetitiveagainstmachinestheyneedtotrainorretoolexistingskills.Asocialprotectionsystemthatincludesaminimumbasiclevelofprotectionforworkersandcitizenscancomplementnewformsofemployment.Improvedprivatesectorpoliciestoencouragestartupactivityandcompetitioncanhelpcountriescompeteinthedigitalage.Governmentsalsoneedtoensurethatfirmspaytheirfairshareoftaxes,inparttofundthis... Workisconstantlyreshapedbytechnologicalprogress.Newwaysofproductionareadopted,marketsexpand,andsocietiesevolve.Butsomechangesprovokemoreattentionthanothers,inpartduetothevastuncertaintyinvolvedinmakingpredictionsaboutthefuture.The2019WorldDevelopmentReportwillstudyhowthenatureofworkischangingasaresultofadvancesintechnologytoday. Technologicalprogressdisruptsexistingsystems.Anewsocialcontractisneededtosmooththetransitionandguardagainstrisinginequality.Significant... Workisconstantlyreshapedbytechnologicalprogress.Newwaysofproductionareadopted,marketsexpand,andsocietiesevolve.Butsomechangesprovokemoreattentionthanothers,inpartduetothevastuncertaintyinvolvedinmakingpredictionsaboutthefuture.The2019WorldDevelopmentReportwillstudyhowthenatureofworkischangingasaresultofadvancesintechnologytoday. Technological... WorldDevelopmentReport2022:FinanceforanEquitableRecovery  WorldBank(2022-02-15) WorldDevelopmentReport2022:FinanceforanEquitableRecoveryexaminesthecentralroleoffinanceintheeconomicrecoveryfromCOVID-19.Basedonanin-depthlookattheconsequencesofthecrisismostlikelytoaffectlow-andmiddle-incomeeconomies,itadvocatesasetofpoliciesandmeasurestomitigatetheinterconnectedeconomicrisksstemmingfromthepandemic—risksthatmaybecomemoreacuteasstimulusmeasuresarewithdrawnatboththedomesticandgloballevels.Thosepoliciesincludetheefficientandtransparentmanagementofnonperformingloanstomitigatethreatstofinancialstability,insolvencyreformstoallowfortheorderlyreductionofunsustainabledebts,innovationsinriskmanagementandlendingmodelstoensurecontinuedaccesstocreditforhouseholdsandbusinesses,andimprovementsinsovereigndebtmanagementtopreservetheabilityofgovernmentstosupportanequitablerecovery. WorldDevelopmentReport2022:FinanceforanEquitableRecoveryexaminesthecentralroleoffinanceintheeconomicrecoveryfromCOVID-19.Basedonanin-depthlookattheconsequencesofthecrisismostlikelytoaffectlow-andmiddle-incomeeconomies,itadvocatesasetofpoliciesandmeasurestomitigatetheinterconnectedeconomicrisksstemmingfromthepandemic—risksthatmaybecomemoreacuteasstimulusmeasuresarewithdrawnatboththedomesticandgloballevels.Thosepoliciesincludetheefficientandtransparentmanagementof... WorldDevelopmentReport2022:FinanceforanEquitableRecoveryexaminesthecentralroleoffinanceintheeconomicrecoveryfromCOVID-19.Basedonanin-depthlookattheconsequencesofthecrisismostlikelytoaffectlow-andmiddle-incomeeconomies,itadvocatesasetofpoliciesandmeasurestomitigatetheinterconnectedeconomicrisksstemmingfromthepandemic—risksthatmaybecomemoreacuteas... TheWorldBankAnnualReport2021:FromCrisistoGreen,Resilient,andInclusiveRecovery  WorldBank(2021-10-01) TheAnnualReportispreparedbytheExecutiveDirectorsoftheInternationalBankforReconstructionandDevelopment(IBRD)andtheInternationalDevelopmentAssociation(IDA)--collectivelyknownastheWorldBank--inaccordancewiththeby-lawsofthetwoinstitutions.ThePresidentoftheIBRDandIDAandtheChairmanoftheBoardofExecutiveDirectorssubmitstheReport,togetherwiththeaccompanyingadministrativebudgetsandauditedfinancialstatements,totheBoardofGovernors. TheAnnualReportispreparedbytheExecutiveDirectorsoftheInternationalBankforReconstructionandDevelopment(IBRD)andtheInternationalDevelopmentAssociation(IDA)--collectivelyknownastheWorldBank--inaccordancewiththeby-lawsofthetwoinstitutions.ThePresidentoftheIBRDandIDAandtheChairmanoftheBoardofExecutiveDirectorssubmitstheReport,togetherwiththeaccompanyingadministrativebudgetsandauditedfinancialstatements,totheBoardofGovernors. TheAnnualReportispreparedbytheExecutiveDirectorsoftheInternationalBankforReconstructionandDevelopment(IBRD)andtheInternationalDevelopmentAssociation(IDA)--collectivelyknownastheWorldBank--inaccordancewiththeby-lawsofthetwoinstitutions.ThePresidentoftheIBRDandIDAandtheChairmanoftheBoardofExecutiveDirectorssubmitstheReport,togetherwiththeaccompanying... Relateditems Showingitemsrelatedbytitle,author,creatorandsubject. MyanmarEconomicMonitor,January2022:ContendingwithConstraints  WorldBank(2022-01) Myanmar’seconomycontinuestobe severelytestedbytheongoingimpactsofthemilitarycoup andthesurgeinCOVID-19casesin2021.Whilesome real-timeindicatorshaveimprovedinrecentmonths,they remainconsistentwithamuchlowerlevelofeconomic activitythanpriortotheFebruarycoup.ReportedCOVID-19 caseshavefallentolowlevels(andfewreportedcasesof theOmicronvariantasofearlyJanuary2022),whilereal timeindicatorsofmobility,manufacturingactivity,and exportsareshowingsignsofrecovering.Ontheotherhand, indicatorsofconflictsuggestthatthesecurityenvironment hasdeterioratedinmanypartsofMyanmar,includingin statesandregionswhichhavehistoricallybeenrelatively peaceful.Thishasaffectedbusinesses’operations, logistics,confidence,andappetitetoinvest.Afterthe sharpdeclineinincomesandemploymentobservedacrossthe ... Myanmar’seconomycontinuestobe severelytestedbytheongoingimpactsofthemilitarycoup andthesurgeinCOVID-19casesin2021.Whilesome real-timeindicatorshaveimprovedinrecentmonths,they remainconsistentwithamuchlowerlevelofeconomic activitythanpriortotheFebruarycoup.ReportedCOVID-19 caseshavefallentolowlevels(andfewreportedcasesof theOmicronvariantasofearlyJanuary2022),whilereal timeindicators... Myanmar’seconomycontinuestobe severelytestedbytheongoingimpactsofthemilitarycoup andthesurgeinCOVID-19casesin2021.Whilesome real-timeindicatorshaveimprovedinrecentmonths,they remainconsistentwithamuchlowerlevelofeconomic activitythanpriortotheFebruarycoup.ReportedCOVID-19 caseshavefallen... GlobalEconomicProspects,January2021  WorldBank(2021-01-05) AlthoughtheglobaleconomyisemergingfromthecollapsetriggeredbyCOVID-19,therecoveryislikelytobesubdued,andglobalGDPisprojectedtoremainwellbelowitspre-pandemictrendforaprolongedperiod.Severalriskscloudtheoutlook,includingthoserelatedtothepandemicandtorapidlyrisingdebt.Thepandemichasfurtherdiminishedalready-weakgrowthprospectsforthenextdecade.Decisivepolicyactionswillbecriticalinraisingthelikelihoodofbettergrowthoutcomeswhilewardingoffworseones.Immediateprioritiesincludesupportingvulnerablegroupsandensuringapromptandwidespreadvaccinationprocesstobringthepandemicundercontrol.Althoughmacroeconomicpolicysupportwillcontinuetobeimportant,limitedfiscalpolicyspaceamidhighdebthighlightstheneedforanambitiousreformagendathatbolstersgrowthprospects.Toaddressmanyofthesechallenges,globalcooperationwillbekey. AlthoughtheglobaleconomyisemergingfromthecollapsetriggeredbyCOVID-19,therecoveryislikelytobesubdued,andglobalGDPisprojectedtoremainwellbelowitspre-pandemictrendforaprolongedperiod.Severalriskscloudtheoutlook,includingthoserelatedtothepandemicandtorapidlyrisingdebt.Thepandemichasfurtherdiminishedalready-weakgrowthprospectsforthenextdecade.Decisivepolicyactionswillbecriticalinraisingthelikelihoodofbettergrowthoutcomeswhilewardingoffworseones.Immediateprioritiesinclude... AlthoughtheglobaleconomyisemergingfromthecollapsetriggeredbyCOVID-19,therecoveryislikelytobesubdued,andglobalGDPisprojectedtoremainwellbelowitspre-pandemictrendforaprolongedperiod.Severalriskscloudtheoutlook,includingthoserelatedtothepandemicandtorapidlyrisingdebt.Thepandemichasfurtherdiminishedalready-weakgrowthprospectsforthenextdecade.Decisive... 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