Publication:
Global Economic Prospects, January 2021

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dc.contributor.authorWorld Bank
dc.date.accessioned2020-10-30T21:38:22Z
dc.date.available2020-10-30T21:38:22Z
dc.date.issued2021-01-05
dc.description.abstractAlthough the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapidly rising debt. The pandemic has further diminished already-weak growth prospects for the next decade. Decisive policy actions will be critical in raising the likelihood of better growth outcomes while warding off worse ones. Immediate priorities include supporting vulnerable groups and ensuring a prompt and widespread vaccination process to bring the pandemic under control. Although macroeconomic policy support will continue to be important, limited fiscal policy space amid high debt highlights the need for an ambitious reform agenda that bolsters growth prospects. To address many of these challenges, global cooperation will be key.
dc.identifierhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021
dc.identifier.doi10.1596/978-1-4648-1612-3
dc.identifier.isbn978-1-4648-1612-3
dc.identifier.urihttps://hdl.handle.net/10986/34710
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCOMMODITY PRICES
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PROSPECTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectGLOBAL ECONOMY
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT
dc.subjectINFLATION
dc.subjectDEBT
dc.subjectECONOMIC CRISIS
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC IMPACT
dc.titleGlobal Economic Prospects, January 2021en
dc.typeBooken
dc.typeLivrefr
dc.typeLibroes
dspace.entity.typePublication
okr.date.disclosure2020-01-05
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research
okr.guid128351609909995721
okr.identifier.doi10.1596/978-1-4648-1612-3
okr.identifier.report155531
okr.language.supporteden
okr.relation.associateddatasethttps://datacatalog.worldbank.org/node/94577
okr.topicFinance and Financial Sector Development::International Financial Markets
okr.topicInternational Economics and Trade::Capital Flows
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.unitProspects Group
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