Publication:
Global Economic Prospects, January 2013: Assuring Growth Over the Medium Term

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-01-16T16:42:37Z
dc.date.available2013-01-16T16:42:37Z
dc.date.issued2013-01-15
dc.description.abstractMore than four years after the global financial crisis hit, high-income countries struggle to restructure their economies and regain fiscal sustainability. Developing countries, where growth is 1-2 percentage points below what it was during the pre-crisis period, have been affected by the weakness in high-income countries. To regain pre-crisis growth rates, they will need to focus on productivity-enhancing domestic policies rather than demand stimulus. Although the major risks to the global economy are similar to those of a year ago, the likelihood that they will materialize has diminished, as has the magnitude of estimated impacts should these events occur. Major downside risks include the loss of access to capital markets by vulnerable Euro Area countries, lack of agreement on U.S. fiscal policy and the debt ceiling, and commodity price shocks. In an environment of slow growth and continued volatility, a steady hand is required in developing countries to avoid pro-cyclical policy and to rebuild macroeconomic buffers so that authorities can react in the case of new external or domestic shocks.en
dc.identifier.doi10.1596/978-0-8213-9882-1
dc.identifier.isbn978-0-8213-9882-1
dc.identifier.urihttps://hdl.handle.net/10986/12124
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.subjectaccounting
dc.subjectarbitrage
dc.subjectassets
dc.subjectbailout
dc.subjectbank lending
dc.subjectBank Loans
dc.subjectbanking systems
dc.subjectbasis points
dc.subjectbinding constraint
dc.subjectbond
dc.subjectbond issuance
dc.subjectBond Issues
dc.subjectbond spreads
dc.subjectBond Yields
dc.subjectbonds
dc.subjectborrowing costs
dc.subjectbudget constraint
dc.subjectbuffers
dc.subjectbusiness confidence
dc.subjectcapacity constraints
dc.subjectcapital constraints
dc.subjectcapital goods
dc.subjectcapital inflows
dc.subjectcapital markets
dc.subjectCapital outflows
dc.subjectcapital requirements
dc.subjectcapitalization
dc.subjectCDS
dc.subjectcentral bank
dc.subjectCommodities
dc.subjectcommodity
dc.subjectcommodity markets
dc.subjectcommodity price
dc.subjectcommodity prices
dc.subjectcommodity traders
dc.subjectconsumer demand
dc.subjectconsumer goods
dc.subjectconsumer spending
dc.subjectCopyright Clearance
dc.subjectCopyright Clearance Center
dc.subjectcountry capital
dc.subjectcountry debt
dc.subjectcountry Equity
dc.subjectCredit Default
dc.subjectCredit Default Swap
dc.subjectcredit squeeze
dc.subjectcredit squeezes
dc.subjectcrisis countries
dc.subjectCurrent account balance
dc.subjectcurrent account balances
dc.subjectcurrent account deficit
dc.subjectcurrent account deficits
dc.subjectdebt
dc.subjectDebt data
dc.subjectdebt flows
dc.subjectdebt levels
dc.subjectdebt obligations
dc.subjectdebt restructuring
dc.subjectdebt stocks
dc.subjectdebts
dc.subjectdecline in investment
dc.subjectdeposits
dc.subjectdeveloping countries
dc.subjectdeveloping country
dc.subjectDeveloping country Equity
dc.subjectdeveloping economies
dc.subjectdeveloping economy
dc.subjectdomestic markets
dc.subjectdownside scenario
dc.subjectdurable
dc.subjectdurables
dc.subjectEconomic developments
dc.subjectEmerging Markets
dc.subjectEmerging-market
dc.subjectEquities
dc.subjectequity issuance
dc.subjectEquity Issues
dc.subjectEquity market
dc.subjectEquity markets
dc.subjectexchange rate
dc.subjectExchange Rates
dc.subjectexpenditure
dc.subjectexpenditures
dc.subjectexport growth
dc.subjectexport value Interest Rates
dc.subjectexporter
dc.subjectexporters
dc.subjectexposures
dc.subjectexternal shocks
dc.subjectfinancial crises
dc.subjectfinancial crisis
dc.subjectfinancial institutions
dc.subjectfinancial integration
dc.subjectfinancial market
dc.subjectfinancial markets
dc.subjectfinancial sector
dc.subjectfinancial sector developments
dc.subjectfinancial sectors
dc.subjectfinancial systems
dc.subjectfinancing requirements
dc.subjectfiscal consolidation
dc.subjectfiscal deficits
dc.subjectfiscal policies
dc.subjectfiscal policy
dc.subjectfood price
dc.subjectfood prices
dc.subjectforeign banks
dc.subjectforeign currency
dc.subjectGlobal Economy
dc.subjectglobal finance
dc.subjectglobal financial markets
dc.subjectglobal financial systems
dc.subjectglobal output
dc.subjectglobal trade
dc.subjectGovernment account
dc.subjectgovernment accounts
dc.subjectGovernment budget
dc.subjectgovernment debt
dc.subjectgovernment deficit
dc.subjectgovernment deficits
dc.subjectgovernment expenditure
dc.subjectgovernment expenditures
dc.subjectgovernment revenue
dc.subjectgovernment revenues
dc.subjectgovernment spending
dc.subjectGross debt
dc.subjectgrowth rate
dc.subjectgrowth rates
dc.subjectHigh-Income Countries
dc.subjecthigh-income country
dc.subjecthousehold savings
dc.subjecthuman capital
dc.subjectimport
dc.subjectimport demand
dc.subjectIncome
dc.subjectincome growth
dc.subjectincomes
dc.subjectInflation
dc.subjectinflation rates
dc.subjectinflationary pressures
dc.subjectinterest rates
dc.subjectInternational Bank
dc.subjectinternational business
dc.subjectInternational capital
dc.subjectInternational capital flows
dc.subjectinternational financial institutions
dc.subjectinternational financial markets
dc.subjectinternational reserves
dc.subjectInternational Settlements
dc.subjectInternational Trade
dc.subjectinvesting
dc.subjectinvestment activity
dc.subjectinvestment spending
dc.subjectlenders
dc.subjectlevel of risk
dc.subjectloan
dc.subjectlocal currency
dc.subjectlow-income countries
dc.subjectmacroeconomic policies
dc.subjectmacroeconomic policy
dc.subjectMacroeconomic vulnerabilities
dc.subjectmarket conditions
dc.subjectmarket price
dc.subjectmarket prices
dc.subjectMarket regulators
dc.subjectmaturity
dc.subjectmiddle-income countries
dc.subjectMonetary Fund
dc.subjectmonetary policies
dc.subjectmonetary policy
dc.subjectnatural disasters
dc.subjectNet capital
dc.subjectoil commodities
dc.subjectoil price
dc.subjectoil prices
dc.subjectOutput
dc.subjectOutput Gap
dc.subjectoutput gaps
dc.subjectpolitical stability
dc.subjectpolitical uncertainty
dc.subjectPortfolio
dc.subjectportfolio capital
dc.subjectpost-crisis period
dc.subjectpower parity
dc.subjectprivate banks
dc.subjectPrivate creditors
dc.subjectPrivate debt
dc.subjectprivate inflows
dc.subjectpublic spending
dc.subjectpurchasing power
dc.subjectpurchasing power parity
dc.subjectrate of growth
dc.subjectreal interest
dc.subjectreal interest rates
dc.subjectRegional trade
dc.subjectregulators
dc.subjectremittances
dc.subjectreserve
dc.subjectreturn
dc.subjectrisk assessments
dc.subjectrisk aversion
dc.subjectsavings
dc.subjectsavings rate
dc.subjectshort-term debt
dc.subjectsmall countries
dc.subjectsovereign debt
dc.subjectstock markets
dc.subjectsustainable growth
dc.subjecttechnological change
dc.subjecttrade deficit
dc.subjecttrade finance
dc.subjecttrading
dc.subjecttransition countries
dc.subjectTreasury
dc.subjectTreasury Yields
dc.subjectvalue index
dc.subjectvolatile capital
dc.subjectvolatility
dc.subjectweights
dc.subjectwithdrawal
dc.subjectworld economy
dc.subjectWorld Trade
dc.titleGlobal Economic Prospects, January 2013en
dc.title.subtitleAssuring Growth Over the Medium Termen
dspace.entity.typePublication
okr.date.disclosure2013-01-15
okr.doctypePublications & Research::Publication
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid433571468328577345
okr.identifier.report88343
okr.language.supporteden
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.countryUNITED STATES
okr.region.geographicalAfrica
okr.region.geographicalAmerica
okr.region.geographicalCaribbean
okr.region.geographicalEast Asia
okr.region.geographicalEurope
okr.region.geographicalNorth Africa
okr.region.geographicalNorth America
okr.region.geographicalSouth Asia
okr.region.geographicalMiddle East
okr.region.geographicalEurope and Central Asia
okr.region.geographicalEurope, Middle East and North Africa
okr.region.geographicalWorld
okr.region.geographicalEuropean Union
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.unitDevelopment Prospects Group (DECPG)
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