Publication:
Global Economic Prospects, January 2024

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-12-08T16:56:34Z
dc.date.available2023-12-08T16:56:34Z
dc.date.issued2024-01-09
dc.description.abstractNote: Chart 1.2.B has been updated on January 18, 2024. Chart 2.2.3 B has been updated on January 14, 2024. Global growth is expected to slow further this year, reflecting the lagged and ongoing effects of tight monetary policy to rein in inflation, restrictive credit conditions, and anemic global trade and investment. Downside risks include an escalation of the recent conflict in the Middle East, financial stress, persistent inflation, weaker-than-expected activity in China, trade fragmentation, and climate-related disasters. Against this backdrop, policy makers face enormous challenges. In emerging market and developing economies (EMDEs), commodity exporters face the enduring challenges posed by fiscal policy procyclicality and volatility, which highlight the need for robust fiscal frameworks. Across EMDEs, previous episodes of investment growth acceleration underscore the critical importance of macroeconomic and structural policies and an enabling institutional environment in bolstering investment and long-term growth. At the global level, cooperation needs to be strengthened to provide debt relief, facilitate trade integration, tackle climate change, and alleviate food insecurity.en
dc.identifierhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/099128501082418241
dc.identifier.doi10.1596/978-1-4648-2017-5
dc.identifier.doihttps://doi.org/10.1596/40715
dc.identifier.isbn978-1-4648-2017-5 (paper)
dc.identifier.isbn978-1-4648-2018-2 (electronic)
dc.identifier.issn1014-8906
dc.identifier.otherLibrary of Congress Control Number: 2023924021
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40715
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectMACROECONOMICS
dc.subjectGDP GROWTH
dc.subjectINTEREST RATES
dc.subjectEXCHANGE RATES
dc.subjectINFLATION
dc.subjectEMERGING AND DEVELOPING ECONOMIES
dc.titleGlobal Economic Prospects, January 2024en
dc.typeBook
dspace.entity.typePublication
okr.associatedcontenthttps://www.worldbank.org/en/news/video/2024/01/09/global-economy-set-for-weakest-half-decade-performance-in-30-years World Bank Expert Answers (video)
okr.associatedcontenthttps://www.worldbank.org/en/news/press-release/2024/01/09/global-economic-prospects-january-2024-press-release Press Release
okr.crossref.titleGlobal Economic Prospects, January 2024
okr.date.disclosure2024-01-09
okr.date.doiregistration2025-04-15T11:33:22.295167Z
okr.date.doiregistration2025-04-16T06:26:24.694138Z
okr.date.doiregistration2025-04-19T02:16:30.919081Z
okr.date.doiregistration2025-04-20T02:25:30.457113Z
okr.date.doiregistration2025-04-21T02:21:35.659477Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.docurlhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/099128501082418241
okr.guid099208301082431497
okr.guid099128501082418241
okr.guid099159101082419813
okr.guid099212401082411142
okr.guid099144501082413155
okr.guid099152301082423951
okr.identifier.docmidP176968
okr.identifier.doihttp://dx.doi.org/10.1596/40715
okr.identifier.report186862
okr.language.supporteden
okr.region.administrativeEAP, ECA, LAC, MNA, SAR, SSA
okr.region.geographicalWorld
okr.statistics.combined152900
okr.statistics.dr099128501082418241
okr.statistics.dr099136401082439726
okr.statistics.dr099144501082413155
okr.statistics.dr099159101082419813
okr.statistics.dr099152301082423951
okr.statistics.dr099208301082431497
okr.statistics.dr099212401082411142
okr.statistics.drstats4104
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Inflation
okr.unitEFI Prospects Group
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