Publication: Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies: Lessons from the Past Decade
dc.contributor.author | Ruch, Franz Ulrich | |
dc.date.accessioned | 2020-03-19T14:46:48Z | |
dc.date.available | 2020-03-19T14:46:48Z | |
dc.date.issued | 2020-03 | |
dc.description.abstract | Growth 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.identifier | http://documents.worldbank.org/curated/en/787881584027048587/Prospects-Risks-and-Vulnerabilities-in-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade | |
dc.identifier.uri | https://hdl.handle.net/10986/33441 | |
dc.language | English | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Policy Research Working Paper;No. 9181 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo | |
dc.subject | VULNERABILITY | |
dc.subject | ECONOMIC GROWTH | |
dc.subject | POTENTIAL OUTPUT | |
dc.subject | POTENTIAL GROWTH | |
dc.subject | RISKS | |
dc.subject | EMERGING MARKET ECONOMIES | |
dc.subject | SHOCKS | |
dc.subject | PRODUCTIVITY GROWTH | |
dc.subject | DEMOGRAPHIC TRENDS | |
dc.title | Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies | en |
dc.title.subtitle | Lessons from the Past Decade | en |
dc.type | Working Paper | en |
dc.type | Document de travail | fr |
dc.type | Documento de trabajo | es |
dspace.entity.type | Publication | |
okr.crossref.title | Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies: Lessons from the Past Decade | |
okr.date.disclosure | 2020-03-12 | |
okr.doctype | Publications & Research | |
okr.doctype | Publications & Research::Policy Research Working Paper | |
okr.docurl | http://documents.worldbank.org/curated/en/787881584027048587/Prospects-Risks-and-Vulnerabilities-in-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade | |
okr.identifier.doi | 10.1596/1813-9450-9181 | |
okr.identifier.externaldocumentum | 090224b0876f29e6_1_0 | |
okr.identifier.internaldocumentum | 31862866 | |
okr.identifier.report | WPS9181 | |
okr.imported | true | en |
okr.language.supported | en | |
okr.pdfurl | http://documents.worldbank.org/curated/en/787881584027048587/pdf/Prospects-Risks-and-Vulnerabilities-in-Emerging-and-Developing-Economies-Lessons-from-the-Past-Decade.pdf | en |
okr.statistics.combined | 5617 | |
okr.statistics.dr | 787881584027048587 | |
okr.statistics.drstats | 5080 | |
okr.topic | Macroeconomics and Economic Growth::Business Cycles and Stabilization Policies | |
okr.topic | Macroeconomics and Economic Growth::Economic Conditions and Volatility | |
okr.topic | Macroeconomics and Economic Growth::Economic Forecasting | |
okr.topic | Macroeconomics and Economic Growth::Economic Growth | |
okr.topic | Private Sector Development::Emerging Markets | |
okr.unit | Prospects Group | |
relation.isSeriesOfPublication | 26e071dc-b0bf-409c-b982-df2970295c87 | |
relation.isSeriesOfPublication.latestForDiscovery | 26e071dc-b0bf-409c-b982-df2970295c87 |
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