Book

Global Economic Prospects, January 2021

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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
2020-10-30T21:38:22Z
dc.date.available
2020-10-30T21:38:22Z
dc.date.issued
2021-01-05
dc.date.lastModified
2021-04-23T14:02:06Z
dc.description.abstract
Although 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.identifier
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/128351609909995721/global-economic-prospects-january-2021
dc.identifier.isbn
978-1-4648-1612-3
dc.identifier.uri
http://hdl.handle.net/10986/34710
dc.publisher
Washington, DC: World Bank
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
COMMODITY PRICES
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC PROSPECTS
dc.subject
DEVELOPING COUNTRIES
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
GLOBAL ECONOMY
dc.subject
INTERNATIONAL TRADE
dc.subject
INVESTMENT
dc.subject
INFLATION
dc.subject
DEBT
dc.subject
ECONOMIC CRISIS
dc.subject
CORONAVIRUS
dc.subject
COVID-19
dc.subject
PANDEMIC IMPACT
dc.title
Global Economic Prospects, January 2021
en
dc.type
Book
en
okr.date.disclosure
2020-01-05
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1612-3
okr.identifier.report
155531
okr.language.supported
en
okr.relation.associateddataset
https://datacatalog.worldbank.org/node/94577
okr.topic
Finance and Financial Sector Development :: International Financial Markets
okr.topic
International Economics and Trade :: Capital Flows
okr.topic
Macroeconomics and Economic Growth :: Business Cycles and Stabilization Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.unit
Prospects Group

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