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Global Economic Prospects, June 2017

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  • World Bank Group

Abstract

Global activity is firming broadly as expected. Manufacturing and trade are picking up, confidence is improving, and international financing conditions remain benign. Global growth is projected to strengthen in 2018-19, in line with January forecasts. In emerging market and developing economies (EMDEs), growth is predicted to recover in 2017-19, as obstacles to growth in commodity exporters diminish amid moderately rising commodity prices, and activity in commodity importers remains robust. Risks to the global outlook remain tilted to the downside. These include increased trade protectionism; elevated economic policy uncertainty; the possibility of financial market disruptions; and, over the longer term, weaker potential growth. A policy priority for EMDEs is to rebuild monetary and fiscal space that could be drawn on were such risks to materialize. Over the longer term, structural policies that support investment and trade are critical to boost EMDE productivity and potential growth.

Suggested Citation

  • World Bank Group, 2017. "Global Economic Prospects, June 2017," World Bank Publications - Books, The World Bank Group, number 26800, December.
    • Handle: RePEc:wbk:wbpubs:26800
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/26800/9781464810244.pdf?sequence=14
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    Citations

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    Cited by:

    1. Winfried Polte, 2017. "Relevance of Corporate Social Responsibility (CSR) for Latin American Entrepreneurs," IZNE Working Paper Series 17/4, International Centre for Sustainable Development (IZNE), Bonn-Rhein-Sieg University of Applied Sciences.
    2. Galindo, Arturo J. & Panizza, Ugo, 2018. "The cyclicality of international public sector borrowing in developing countries: Does the lender matter?," World Development, Elsevier, vol. 112(C), pages 119-135.
    3. Mulualem Getahun Abebe, 2022. "The effect of asset and liability management on the financial performance of microfinance institutions: evidence from sub-Saharan African region," Future Business Journal, Springer, vol. 8(1), pages 1-12, December.
    4. Nura Sani Yahaya & Mohd Razani B Mohd Jali & Jimoh Olajide Raji, 2019. "Energy Consumption and Environmental Pollution in Nigeria," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(1), pages 24-30, March.

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