Ghana Economic Update, June 2017

World Bank

doi:10.1596/27520

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Ghana Economic Update, June 2017 : Shifting Ghana's Competitiveness into a Higher Gear

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2017-06

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This edition of the Ghana Economic Update is the second edition of the annual series on Ghana’s economic prospects. Every issue includes both a broad overview of the country’s macroeconomic, political, and structural dynamics, and a section dedicated to one particular issue. In this update, the focus is on Ghana’s international competitiveness and the policies that will help it to shift it into a higher gear.

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“World Bank. 2017. Ghana Economic Update, June 2017 : Shifting Ghana's Competitiveness into a Higher Gear. Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/27520 License: CC BY 3.0 IGO.”

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Economic Updates and Modeling

Global Economic Prospects, January 2023

World Bank (2023-01-10)

Global 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.

Global 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 ...

Global 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 ...
Commodity Markets Outlook, October 2022 : Pandemic, War, Recession : Drivers of Aluminum and Copper Prices

World Bank Group (2022-10-26)

A sharp global growth slowdown and concerns about an impending global recession are weighing on commodity prices. Some energy prices remain elevated, however, amid geopolitical tensions and persistent supply disruptions. Brent crude oil prices are forecast to average $92/bbl in 2023 and ease to $80/bbl in 2024. Agricultural and metal prices are projected to decline 5 and 15 percent, respectively, in 2023 before stabilizing in 2024. The outlook is subject to multiple risks in a highly uncertain environment. They include worsening global growth prospects, including the pace of recovery in China; macroeconomic uncertainties; a prolonged and deeper conflict in Ukraine; and, in the case of food commodities, the ongoing La Niña weather pattern along with trade policies. A Special Focus section investigates the drivers of aluminum and copper prices. It finds that the price rebound after the pandemic was mainly driven by the economic recovery, but supply factors also contributed about one-quarter to the rebound. Since March 2022, a steep global growth slowdown, an unwinding of supply constraints, ...

A sharp global growth slowdown and concerns about an impending global recession are weighing on commodity prices. Some energy prices remain elevated, however, amid geopolitical tensions and persistent supply disruptions. Brent crude oil prices are forecast to average $92/bbl in 2023 and ease to $80/bbl in 2024. Agricultural and metal prices are projected to decline 5 and 15 percent, respectively, in 2023 before stabilizing in 2024. The outlook is subject to multiple risks in a highly uncertain environment. They include worsening global growth ...

A sharp global growth slowdown and concerns about an impending global recession are weighing on commodity prices. Some energy prices remain elevated, however, amid geopolitical tensions and persistent supply disruptions. Brent crude oil prices are forecast to average $92/bbl in 2023 and ease to $80/bbl in 2024. Agricultural and metal prices are projected to decline 5 and 15 percent, respectively, in 2023 ...
Turkey Economic Monitor February 2022 : Sailing Against the Tide

xmlui.dri2xhtml.METS-1.0.no-author (2022-02-01)

Turkey’s economic performance has been a tale of two economies, overall high growth, matched by a deterioration in macro-financial conditions. Good progress in vaccination rollouts allowed Turkey to reopen gradually in 2021 despite a continued rise in Coronavirus (COVID-19) cases. Real economic activity remained strong, driven by strong broad-based export growth and domestic demand. Exports of goods reached record high levels in 2021 supported by buoyant external demand, improved price competitiveness and demand shifts to Turkey due to rising shipping costs. Turkey’s GDP grew by 22 percent year-on-year in 2021Q2–the second highest among G-20 countries–and 7.4 percent in 2021Q3. Strong goods and services export performance helped current account deficit to narrow significantly. Robust economic activity led to strong revenue growth and supported fiscal balances. The labor market saw ...

Turkey’s economic performance has been a tale of two economies, overall high growth, matched by a deterioration in macro-financial conditions. Good progress in vaccination rollouts allowed Turkey to reopen gradually in 2021 despite a continued rise in Coronavirus (COVID-19) cases. Real economic activity remained strong, driven by strong broad-based export growth and domestic demand. Exports of goods reached record high levels in 2021 supported ...

Turkey’s economic performance has been a tale of two economies, overall high growth, matched by a deterioration in macro-financial conditions. Good progress in vaccination rollouts allowed Turkey to reopen gradually in 2021 despite a continued rise in Coronavirus (COVID-19) cases. Real economic activity remained strong, driven by ...

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Global Economic Prospects, January 2023

Commodity Markets Outlook, October 2022 : Pandemic, War, Recession : Drivers of Aluminum and Copper Prices

Turkey Economic Monitor February 2022 : Sailing Against the Tide

Philippines Quarterly Update, June 2011 : Generating More Inclusive Growth

Kenya Economic Update, June 2012 : Walking on a Tightrope--Rebalancing Kenya's Economy with a Special Focus on Regional Integration

Angola Economic Update, June 2014

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Global Economic Prospects, January 2023

Commodity Markets Outlook, October 2022 : Pandemic, War, Recession : Drivers of Aluminum and Copper Prices

Turkey Economic Monitor February 2022 : Sailing Against the Tide

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