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

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collection.link.32
https://openknowledge.worldbank.org/handle/10986/2140
collection.name.32
Global Economic Prospects
dc.contributor.author
World Bank
dc.date.accessioned
2013-01-16T16:42:37Z
dc.date.available
2013-01-16T16:42:37Z
dc.date.issued
2013-01-15
dc.description.abstract
More 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.isbn
978-0-8213-9882-1
dc.identifier.uri
http://hdl.handle.net/10986/12124
dc.language.iso
en_US
dc.publisher
Washington, DC
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
accounting
dc.subject
arbitrage
dc.subject
assets
dc.subject
bailout
dc.subject
bank lending
dc.subject
Bank Loans
dc.subject
banking systems
dc.subject
basis points
dc.subject
binding constraint
dc.subject
bond
dc.subject
bond issuance
dc.subject
Bond Issues
dc.subject
bond spreads
dc.subject
Bond Yields
dc.subject
bonds
dc.subject
borrowing costs
dc.subject
budget constraint
dc.subject
buffers
dc.subject
business confidence
dc.subject
capacity constraints
dc.subject
capital constraints
dc.subject
capital goods
dc.subject
capital inflows
dc.subject
capital markets
dc.subject
Capital outflows
dc.subject
capital requirements
dc.subject
capitalization
dc.subject
CDS
dc.subject
central bank
dc.subject
Commodities
dc.subject
commodity
dc.subject
commodity markets
dc.subject
commodity price
dc.subject
commodity prices
dc.subject
commodity traders
dc.subject
consumer demand
dc.subject
consumer goods
dc.subject
consumer spending
dc.subject
Copyright Clearance
dc.subject
Copyright Clearance Center
dc.subject
country capital
dc.subject
country debt
dc.subject
country Equity
dc.subject
Credit Default
dc.subject
Credit Default Swap
dc.subject
credit squeeze
dc.subject
credit squeezes
dc.subject
crisis countries
dc.subject
Current account balance
dc.subject
current account balances
dc.subject
current account deficit
dc.subject
current account deficits
dc.subject
debt
dc.subject
Debt data
dc.subject
debt flows
dc.subject
debt levels
dc.subject
debt obligations
dc.subject
debt restructuring
dc.subject
debt stocks
dc.subject
debts
dc.subject
decline in investment
dc.subject
deposits
dc.subject
developing countries
dc.subject
developing country
dc.subject
Developing country Equity
dc.subject
developing economies
dc.subject
developing economy
dc.subject
domestic markets
dc.subject
downside scenario
dc.subject
durable
dc.subject
durables
dc.subject
Economic developments
dc.subject
Emerging Markets
dc.subject
Emerging-market
dc.subject
Equities
dc.subject
equity issuance
dc.subject
Equity Issues
dc.subject
Equity market
dc.subject
Equity markets
dc.subject
exchange rate
dc.subject
Exchange Rates
dc.subject
expenditure
dc.subject
expenditures
dc.subject
export growth
dc.subject
export value Interest Rates
dc.subject
exporter
dc.subject
exporters
dc.subject
exposures
dc.subject
external shocks
dc.subject
financial crises
dc.subject
financial crisis
dc.subject
financial institutions
dc.subject
financial integration
dc.subject
financial market
dc.subject
financial markets
dc.subject
financial sector
dc.subject
financial sector developments
dc.subject
financial sectors
dc.subject
financial systems
dc.subject
financing requirements
dc.subject
fiscal consolidation
dc.subject
fiscal deficits
dc.subject
fiscal policies
dc.subject
fiscal policy
dc.subject
food price
dc.subject
food prices
dc.subject
foreign banks
dc.subject
foreign currency
dc.subject
Global Economy
dc.subject
global finance
dc.subject
global financial markets
dc.subject
global financial systems
dc.subject
global output
dc.subject
global trade
dc.subject
Government account
dc.subject
government accounts
dc.subject
Government budget
dc.subject
government debt
dc.subject
government deficit
dc.subject
government deficits
dc.subject
government expenditure
dc.subject
government expenditures
dc.subject
government revenue
dc.subject
government revenues
dc.subject
government spending
dc.subject
Gross debt
dc.subject
growth rate
dc.subject
growth rates
dc.subject
High-Income Countries
dc.subject
high-income country
dc.subject
household savings
dc.subject
human capital
dc.subject
import
dc.subject
import demand
dc.subject
Income
dc.subject
income growth
dc.subject
incomes
dc.subject
Inflation
dc.subject
inflation rates
dc.subject
inflationary pressures
dc.subject
interest rates
dc.subject
International Bank
dc.subject
international business
dc.subject
International capital
dc.subject
International capital flows
dc.subject
international financial institutions
dc.subject
international financial markets
dc.subject
international reserves
dc.subject
International Settlements
dc.subject
International Trade
dc.subject
investing
dc.subject
investment activity
dc.subject
investment spending
dc.subject
lenders
dc.subject
level of risk
dc.subject
loan
dc.subject
local currency
dc.subject
low-income countries
dc.subject
macroeconomic policies
dc.subject
macroeconomic policy
dc.subject
Macroeconomic vulnerabilities
dc.subject
market conditions
dc.subject
market price
dc.subject
market prices
dc.subject
Market regulators
dc.subject
maturity
dc.subject
middle-income countries
dc.subject
Monetary Fund
dc.subject
monetary policies
dc.subject
monetary policy
dc.subject
natural disasters
dc.subject
Net capital
dc.subject
oil commodities
dc.subject
oil price
dc.subject
oil prices
dc.subject
Output
dc.subject
Output Gap
dc.subject
output gaps
dc.subject
political stability
dc.subject
political uncertainty
dc.subject
Portfolio
dc.subject
portfolio capital
dc.subject
post-crisis period
dc.subject
power parity
dc.subject
private banks
dc.subject
Private creditors
dc.subject
Private debt
dc.subject
private inflows
dc.subject
public spending
dc.subject
purchasing power
dc.subject
purchasing power parity
dc.subject
rate of growth
dc.subject
real interest
dc.subject
real interest rates
dc.subject
Regional trade
dc.subject
regulators
dc.subject
remittances
dc.subject
reserve
dc.subject
return
dc.subject
risk assessments
dc.subject
risk aversion
dc.subject
savings
dc.subject
savings rate
dc.subject
short-term debt
dc.subject
small countries
dc.subject
sovereign debt
dc.subject
stock markets
dc.subject
sustainable growth
dc.subject
technological change
dc.subject
trade deficit
dc.subject
trade finance
dc.subject
trading
dc.subject
transition countries
dc.subject
Treasury
dc.subject
Treasury Yields
dc.subject
value index
dc.subject
volatile capital
dc.subject
volatility
dc.subject
weights
dc.subject
withdrawal
dc.subject
world economy
dc.subject
World Trade
dc.title
Global Economic Prospects, January 2013
en
dc.title.subtitle
Assuring Growth Over the Medium Term
en
okr.date.disclosure
2013-01-15
okr.doctype
Publications & Research :: Publication
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.report
88343
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Africa
okr.region.administrative
East Asia and Pacific
okr.region.administrative
Europe and Central Asia
okr.region.administrative
Latin America & Caribbean
okr.region.administrative
South Asia
okr.region.administrative
Middle East and North Africa
okr.region.country
UNITED STATES
okr.region.geographical
Africa
okr.region.geographical
America
okr.region.geographical
Caribbean
okr.region.geographical
East Asia
okr.region.geographical
Europe
okr.region.geographical
North Africa
okr.region.geographical
North America
okr.region.geographical
South Asia
okr.region.geographical
Middle East
okr.region.geographical
Europe and Central Asia
okr.region.geographical
Europe, Middle East and North Africa
okr.region.geographical
World
okr.region.geographical
European Union
okr.region.geographical
Latin America
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Banks & Banking Reform
okr.unit
Development Prospects Group (DECPG)

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