Publication:
Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies: Lessons from the Past Decade

dc.contributor.authorRuch, Franz Ulrich
dc.date.accessioned2020-03-19T14:46:48Z
dc.date.available2020-03-19T14:46:48Z
dc.date.issued2020-03
dc.description.abstractGrowth in emerging markets and developing economies (EMDEs) has generally disappointed since the 2009 global recession, with sizable forecast downgrades in most years. EMDEs continue to face downside risks to growth outlook over the next couple of years. These include heightened global policy uncertainty, trade tensions, spillovers from weaker-than-expected growth in major economies, and disorderly financial market developments. These risks are accompanied by region-specific risks, including geopolitical tensions, armed conflict, and severe weather events. If risks materialize, their impact on EMDEs depends on the magnitude of spillovers and domestic vulnerabilities. Since the 2009 global recession, external, corporate sector and sovereign vulnerabilities have risen in most EMDEs, leaving them less well-prepared for future shocks. Low-income countries, in particular, face elevated vulnerabilities, with about 40 percent of them currently in debt distress. Over the longer run, EMDEs also face weakening potential growth, reflecting decelerations in capital accumulation and productivity growth, as well as demographic headwinds. These constraints are likely to hamper growth in the next decade unless they are mitigated by ambitious and credible reform agendas.en
dc.identifierhttp://documents.worldbank.org/curated/en/787881584027048587/Prospects-Risks-and-Vulnerabilities-in-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade
dc.identifier.urihttps://hdl.handle.net/10986/33441
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9181
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectVULNERABILITY
dc.subjectECONOMIC GROWTH
dc.subjectPOTENTIAL OUTPUT
dc.subjectPOTENTIAL GROWTH
dc.subjectRISKS
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectSHOCKS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectDEMOGRAPHIC TRENDS
dc.titleProspects, Risks, and Vulnerabilities in Emerging and Developing Economiesen
dc.title.subtitleLessons from the Past Decadeen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleProspects, Risks, and Vulnerabilities in Emerging and Developing Economies: Lessons from the Past Decade
okr.date.disclosure2020-03-12
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/787881584027048587/Prospects-Risks-and-Vulnerabilities-in-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade
okr.identifier.doi10.1596/1813-9450-9181
okr.identifier.externaldocumentum090224b0876f29e6_1_0
okr.identifier.internaldocumentum31862866
okr.identifier.reportWPS9181
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/787881584027048587/pdf/Prospects-Risks-and-Vulnerabilities-in-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade.pdfen
okr.statistics.combined5617
okr.statistics.dr787881584027048587
okr.statistics.drstats5080
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPrivate Sector Development::Emerging Markets
okr.unitProspects Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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