Publication:
Global Economic Prospects, January 2023

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-09-16T15:35:46Z
dc.date.available2022-09-16T15:35:46Z
dc.date.issued2023-01-10
dc.description.abstractGlobal growth is projected to decelerate sharply, reflecting synchronous policy tightening aimed at containing very high inflation, worsening financial conditions, and continued disruptions from Russia’s invasion of Ukraine. Investment growth in emerging market and developing economies (EMDEs) is expected to remain below its average rate of the past two decades. Further adverse shocks could push the global economy into recession. Small states are especially vulnerable to such shocks because of the reliance on external trade and financing, limited economic diversification, elevated debt, and susceptibility to natural disasters. Against this backdrop, it is critical that EMDE policy makers ensure that any fiscal support is focused on vulnerable groups, that inflation expectations remain well anchored, and that financial systems continue to be resilient. Urgent global and national efforts are also needed to mitigate the risks of global recession and debt distress in EMDEs, and to support a major increase in EMDE investment.
dc.identifier.doi10.1596/978-1-4648-1906-3
dc.identifier.isbn978-1-4648-1906-3
dc.identifier.isbn978-1-4648-1950-6 (electronic)
dc.identifier.otherLibrary of Congress Control Number: 2022923405
dc.identifier.urihttps://hdl.handle.net/10986/38030
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesGlobal Economic Prospects
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectGLOBAL GROWTH
dc.subjectEMDE
dc.subjectEMERGING MARKET AND DEVELOPING ECONOMIES
dc.subjectMACROECONOMIC POLICY
dc.subjectGLOBAL DECELERATION
dc.subjectINFLATION
dc.subjectRISKS
dc.subjectRECESSION
dc.subjectFISCAL POLICY
dc.subjectADVANCED ECONOMIES
dc.subjectGLOBAL ECONOMY
dc.subjectGEOPOLITICAL TENSIONS
dc.subjectDEBT LEVELS
dc.subjectRUSSIA INVASION
dc.titleGlobal Economic Prospects, January 2023en
dc.typeBook
dspace.entity.typePublication
okr.crossref.titleGlobal Economic Prospects, January 2023
okr.date.doiregistration2025-04-07T08:19:22.234106Z
okr.date.doiregistration2025-04-08T16:08:50.616836Z
okr.date.doiregistration2025-04-09T02:54:59.797916Z
okr.date.doiregistration2025-04-15T12:08:27.177054Z
okr.doctypePublications & Research
okr.guid099617212132336233
okr.identifier.doi10.1586/978-1-4648-1906-3
okr.identifier.doi10.1596/978-1-4648-1906-3
okr.language.supporteden
okr.region.administrativeEAP, ECA, LAC, MNA, SAR, SSA
okr.region.geographicalWorld
okr.topicFinance and Financial Sector Development
okr.topicInternational Economics and Trade
okr.topicMacroeconomics and Economic Growth
okr.unitEFI Prospects Group
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