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Global Economic Prospects, January 2011: Navigating Strong Currents

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-01-04T20:52:56Z
dc.date.available2013-01-04T20:52:56Z
dc.date.issued2011-01
dc.description.abstractEconomic activity in most developing countries has, or is close to having, recovered. Supported by resurgence in international and domestic financial flows and higher commodity prices, most of the spare capacity in developing countries that was created by the crisis has been reabsorbed, and developing countries have regained trend growth rates close to those observed in the pre-crisis period. The remainder of this report is organized as follows. The next section discusses recent developments in global production, trade, and financial markets, and presents updates of the World Bank's forecast for the global economy and developing countries. The global economy is transitioning from the bounce-back phase of the recovery toward a period of slower but more sustainable growth. Growth in most developing countries is increasingly running into capacity constraints, while in high-income and developing Europe and Central Asia growth is hampered by the concentrated nature of slack and ongoing restructuring. In this environment, policy needs to be moving away from short-term demand stimulus toward measures that generate additional employment by enhancing the supply potential of economies. The global policy environment has become highly charged and uncertain, and presents multiple risks to prospects for developing countries. As emphasized at the recent G-20 meetings in Seoul (G-20 2010), both developing and high-income countries will need to take care to minimize the negative external consequences of their domestic policy actions. Concretely, this means that while countries must remain mindful of domestic conditions, when opportunities present themselves to pursue domestic policy objectives in a manner that support adjustment elsewhere in the global economy these should be taken up.en
dc.description.abstractEl informe “Perspectivas económicas mundiales”, de 2011, presenta los datos más recientes sobre producción mundial, comercio y mercados financieros y anuncia las últimas previsiones del Banco Mundial para la economía mundial y los países en desarrollo. A continuación, se abordan los obstáculos que ha de enfrentar la economía mundial a corto y largo plazo. La última parte contiene las conclusiones. El informe indica que la economía mundial está en transición de una fase de crecimiento rápido y recuperación hacia una etapa de ritmo más lento y sostenible. En los próximos meses, los países que menos se involucraron en los excesos del período de auge que antecedió a la crisis, verán un mejoramiento en el que sus tasas de crecimiento serán cercanas a su potencial. Por otro lado, en los más afectados, como muchas economías de ingreso alto y países en desarrollo de Europa y Asia central, la actividad agregada seguirá siendo una carga para la reestructuración, necesaria para revertir los estragos generados por las prácticas imprudentes del período de auge. Como resultado, se espera que el desempleo disminuya solo levemente.es
dc.description.abstractCe rapport rend compte de la reprise de l’activité économique dans la plupart des pays en développement. Il note que la reprise dans bon nombre de pays à revenu élevé n’a en revanche pas été suffisante pour déboucher sur le plein emploi et des excédents de capacité. Une solide croissance de la demande dans les pays en développement continuera à soutenir l’économie mondiale, que de graves tensions et lacunes affectent, ce qui pourrait à court terme faire échouer la reprise. Les risques à plus long terme sont axés sur la possibilité que les économies les plus touchées par la crise n’arrivent pas à faire la transition entre la gestion à court terme de la crise et des mesures qui ciblent les problèmes structurels sous-jacents qui ont contribué à cette crise. Ces mesures comprennent : 1) restaurer la viabilité fiscale ; 2) mettre davantage l’accent sur des mesures fiscales qui facilitent la réembauche de travailleurs déplacés et sur des programmes visant à améliorer la compétitivité à long terme ; 3) finaliser la re-réglementation du secteur financier ; 4) opter pour des politiques qui permettent aux taux de change de se réaligner graduellement sur les fondamentaux connexes ; et 5) réduire la volatilité des principales devises en réserve pour maintenir leur crédibilité en tant que refuge de valeurs et facilitateurs du commerce. La reste du rapport traite des récents développements dans les domaines de la production, du commerce et des marchés financiers à l’échelle internationale et présente les prévisions mises à jour de la Banque mondiale pour l’économie mondiale et les pays en développement. Cette section est suivie par une discussion sur les défis à court et à long termes auxquels est confrontée l’économie mondiale. Cette discussion est à son tour suivie d’une courte section de conclusions.fr
dc.identifier.doi10.1596/12097
dc.identifier.urihttps://hdl.handle.net/10986/12102
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectasset price
dc.subjectauction
dc.subjectBank Bond
dc.subjectBank Equity
dc.subjectbank lending
dc.subjectbank loan
dc.subjectbanking assets
dc.subjectbanking sector
dc.subjectbanking sectors
dc.subjectbanking system
dc.subjectbasis points
dc.subjectBond
dc.subjectbond flows
dc.subjectbond issuance
dc.subjectBond Portfolio
dc.subjectbond yield
dc.subjectbonds
dc.subjectcapacity constraints
dc.subjectcapital control
dc.subjectcapital controls
dc.subjectcapital flows
dc.subjectcapital formation
dc.subjectcapital gains
dc.subjectcapital inflow
dc.subjectCapital inflows
dc.subjectcapital markets
dc.subjectcapital outflows
dc.subjectcapital shortages
dc.subjectCDS
dc.subjectCentral Bank
dc.subjectcommodities
dc.subjectcommodity
dc.subjectcommodity prices
dc.subjectconsumer debt
dc.subjectconsumer demand
dc.subjectconsumer goods
dc.subjectcontingent liabilities
dc.subjectCopyright Clearance
dc.subjectCopyright Clearance Center
dc.subjectcorporate bonds
dc.subjectcredit default
dc.subjectcredit default swap
dc.subjectcredit default swaps
dc.subjectcredit rating
dc.subjectcreditors
dc.subjectCurrent account balance
dc.subjectcurrent account balances
dc.subjectcurrent account deficit
dc.subjectcurrent account deficits
dc.subjectcurrent account surpluses
dc.subjectdebt flows
dc.subjectdebt relief
dc.subjectdeposits
dc.subjectdeveloping countries
dc.subjectDeveloping country
dc.subjectdeveloping economies
dc.subjectdividends
dc.subjectdollar value
dc.subjectdomestic credit
dc.subjectdomestic economy
dc.subjectdurable
dc.subjectdurable goods
dc.subjecteconomic developments
dc.subjecteconomic performance
dc.subjectemerging markets
dc.subjectequipment
dc.subjectequities
dc.subjectequity flows
dc.subjectequity issues
dc.subjectequity market
dc.subjectequity markets
dc.subjectexchange rate
dc.subjectexchange rate movements
dc.subjectexchange rates
dc.subjectexporters
dc.subjectexposure
dc.subjectfinancial crisis
dc.subjectfinancial flows
dc.subjectfinancial inflows
dc.subjectfinancial institutions
dc.subjectfinancial integration
dc.subjectfinancial market
dc.subjectfinancial markets
dc.subjectfinancial sector
dc.subjectfinancial sector policies
dc.subjectFinancial Stability
dc.subjectfinancial support
dc.subjectfiscal consolidation
dc.subjectfiscal consolidations
dc.subjectfiscal deficits
dc.subjectfiscal policy
dc.subjectFixed investment
dc.subjectflows of capital
dc.subjectFood price
dc.subjectfood prices
dc.subjectforeign banks
dc.subjectforeign capital
dc.subjectForeign direct investment
dc.subjectforeign exchange
dc.subjectforeign exchange market
dc.subjectforeign holdings
dc.subjectforeign investors
dc.subjectfund managers
dc.subjectfuture growth
dc.subjectfutures
dc.subjectglobal economy
dc.subjectglobal exports
dc.subjectglobal financial markets
dc.subjectglobal investors
dc.subjectglobal pension
dc.subjectglobal trade
dc.subjectgovernment finances
dc.subjectgovernment spending
dc.subjectgrowth rate
dc.subjectgrowth rates
dc.subjecthedge funds
dc.subjectholdings
dc.subjecthost country
dc.subjectimport costs
dc.subjectincome
dc.subjectincomes
dc.subjectindebtedness
dc.subjectinflation
dc.subjectinflationary pressure
dc.subjectinflationary pressures
dc.subjectinfrastructure investment
dc.subjectinstitutional development
dc.subjectInstitutional investor
dc.subjectinterest income
dc.subjectinterest rate
dc.subjectinterest rate differentials
dc.subjectinterest rates
dc.subjectInternational Bank
dc.subjectinternational bond
dc.subjectInternational capital
dc.subjectInternational capital flows
dc.subjectinternational financial markets
dc.subjectInternational settlements
dc.subjectinvestment climate
dc.subjectinvestment flows
dc.subjectinvestment funds
dc.subjectinvestment projects
dc.subjectinvestment rates
dc.subjectinvestment spending
dc.subjectinvestment vehicles
dc.subjectlabor market
dc.subjectliquidity
dc.subjectlocal currency
dc.subjectlocal economy
dc.subjectlocal market
dc.subjectlong-term interest
dc.subjectloss of confidence
dc.subjectLow-income countries
dc.subjectmacroeconomic management
dc.subjectmacroeconomic policy
dc.subjectmarket developments
dc.subjectmarket expectations
dc.subjectmarket index
dc.subjectmarket makers
dc.subjectmarket participants
dc.subjectmarket price
dc.subjectmarket prices
dc.subjectmarket valuations
dc.subjectmarket volatility
dc.subjectmaturity
dc.subjectmiddle-income countries
dc.subjectmonetary policy
dc.subjectmoney market
dc.subjectmoney supply
dc.subjectmonopoly
dc.subjectNet debt
dc.subjectoil price
dc.subjectoil prices
dc.subjectoutput
dc.subjectoutput gap
dc.subjectoutput gaps
dc.subjectpension
dc.subjectpension funds
dc.subjectpension systems
dc.subjectpolitical stability
dc.subjectPortfolio
dc.subjectportfolio investment
dc.subjectportfolios
dc.subjectpower parity
dc.subjectprice volatility
dc.subjectprivate capital
dc.subjectprivate capital flows
dc.subjectPrivate creditors
dc.subjectprivate savings
dc.subjectpublic finances
dc.subjectpurchasing power
dc.subjectrapid expansion
dc.subjectregulatory requirements
dc.subjectremittance
dc.subjectremittances
dc.subjectrepayments
dc.subjectreserve
dc.subjectreserve requirements
dc.subjectreserves
dc.subjectsavings
dc.subjectsavings rates
dc.subjectsecurities
dc.subjectshort-term assets
dc.subjectshort-term debt
dc.subjectsovereign debt
dc.subjectsovereign debt markets
dc.subjectspeculative bubble
dc.subjectsupply shocks
dc.subjecttax
dc.subjecttax rate
dc.subjecttax rates
dc.subjectTechnological change
dc.subjecttrading
dc.subjecttransaction costs
dc.subjecttransition countries
dc.subjecttransition economies
dc.subjectTreasuries
dc.subjectUnemployment rates
dc.subjectvolatility
dc.subjectwithdrawal
dc.subjectworld economy
dc.subjectworld trade
dc.subjectyield spreads
dc.titleGlobal Economic Prospects, January 2011en
dc.titlePerspectivas economicas mundiales, Enero de 2011 : navegar en aguas peligrosas (Vol. 2)es
dc.titlePerspectives économiques mondiales, Janvier 2011 : Naviguer dans des eaux troublesfr
dc.title.alternativePerspectivas economicas mundiales enero de 2011 : navegar en aguas peligrosas Perspectives economiques mondiales, Janvier 2011: naviguer dans des eaux troubleses
dc.title.alternativePerspectivas economicas mundiales enero de 2011 : navegar en aguas peligrosas Perspectives economiques mondiales, Janvier 2011: naviguer dans des eaux troublesfr
dc.title.subtitleNavigating Strong Currentsen
dspace.entity.typePublication
okr.date.disclosure2012-03-12
okr.date.doiregistration2025-04-15T11:16:53.177988Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.identifier.report67409
okr.language.supporteden
okr.language.supportedes
okr.language.supportedfr
okr.pdfurlhttp://documents.worldbank.org/curated/en/202661468331842748/pdf/674090v20NWP0S0GEP2011JanOverviewSP.pdfes
okr.pdfurlhttp://documents.worldbank.org/curated/en/824871468329103239/pdf/674090NWP0FREN0GEP20110Jan0Overview.pdffr
okr.peerreviewAcademic Peer Review
okr.region.administrativeAfrica
okr.region.administrativeEast Asia and Pacific
okr.region.administrativeEurope and Central Asia
okr.region.administrativeLatin America & Caribbean
okr.region.administrativeSouth Asia
okr.region.administrativeMiddle East and North Africa
okr.region.geographicalAfrica
okr.region.geographicalEast Asia
okr.region.geographicalEurope
okr.region.geographicalNorth Africa
okr.region.geographicalNorth America
okr.region.geographicalMiddle East
okr.region.geographicalEurope and Central Asia
okr.region.geographicalSub-Saharan Africa
okr.region.geographicalLatin America
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.txturlhttp://documents.worldbank.org/curated/en/202661468331842748/text/674090v20NWP0S0GEP2011JanOverviewSP.txtes
okr.txturlhttp://documents.worldbank.org/curated/en/824871468329103239/text/674090NWP0FREN0GEP20110Jan0Overview.txtfr
okr.unitDevelopment Prospects Group (DECPG)
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