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    GEP Jan 2024 Presentation

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    vovanphuocduy007
    The World Bank's January 2024 Global Economic Prospects report forecasts a third consecutive year of global growth slowdown in 2024. It finds that divergent growth across countries, weak trade, and high real interest rates have led to the weakest five-year growth period since 1995 and income stagnation for many emerging and developing economies. The report also identifies multiple downside risks that could further weaken the global economic outlook, such as declining but still elevated inflation, weaker growth if risks materialize, large climate investment needs, and a potential growth slowdown.

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    GEP Jan 2024 Presentation

    Uploaded by

    vovanphuocduy007
    6 views17 pages
    The World Bank's January 2024 Global Economic Prospects report forecasts a third consecutive year of global growth slowdown in 2024. It finds that divergent growth across countries, weak trade, and high real interest rates have led to the weakest five-year growth period since 1995 and income stagnation for many emerging and developing economies. The report also identifies multiple downside risks that could further weaken the global economic outlook, such as declining but still elevated inflation, weaker growth if risks materialize, large climate investment needs, and a potential growth slowdown.

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    GEP-Jan-2024-Presentation

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    The World Bank's January 2024 Global Economic Prospects report forecasts a third consecutive year of global growth slowdown in 2024. It finds that divergent growth across countries, weak trade, and high real interest rates have led to the weakest five-year growth period since 1995 and income stagnation for many emerging and developing economies. The report also identifies multiple downside risks that could further weaken the global economic outlook, such as declining but still elevated inflation, weaker growth if risks materialize, large climate investment needs, and a potential growth slowdown.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    6 views17 pages

    GEP Jan 2024 Presentation

    Uploaded by

    vovanphuocduy007
    The World Bank's January 2024 Global Economic Prospects report forecasts a third consecutive year of global growth slowdown in 2024. It finds that divergent growth across countries, weak trade, and high real interest rates have led to the weakest five-year growth period since 1995 and income stagnation for many emerging and developing economies. The report also identifies multiple downside risks that could further weaken the global economic outlook, such as declining but still elevated inflation, weaker growth if risks materialize, large climate investment needs, and a potential growth slowdown.

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    © All Rights Reserved
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    of 17

    Global Economic Prospects

    January 2024

    www.worldbank.org/gep
    Global Economic Prospects – January 2024

    2
    Global Economic Prospects – January 2024

    Underlying data and charts can be found at

    www.worldbank.org/gep

    3
    Global Growth Forecasts
    Slowdown in 2024 for Third Consecutive Year

    4
    Global Backdrop
    Divergent Growth; Weak Trade; High Real Rates

    5
    Growth and Income
    Weakest Half-Decade Growth since 1995; Many EMDEs Losing Ground; Stagnation in Income

    6
    Risks to the Global Outlook
    Multiple Downside Risks Clouding Outlook

    7
    Global Inflation and Alternative Risk Scenarios
    Declining but Elevated Inflation; Weaker Growth Outcomes If Risks Materialize

    8
    Climate Needs and Investment Growth
    Large Needs; Weaker Growth

    9
    Growth During Investment Accelerations
    Faster Output and Productivity Growth; Rapid Expansion of Manufacturing and Services

    10
    Macroeconomic Developments During Accelerations
    Improvements in Fiscal, Monetary, and Financial Conditions; Higher Trade and FDI

    11
    Development Outcomes During Accelerations
    Faster Income Growth; Sharper Poverty Reduction; Access to Infrastructure

    12
    Reforms and Investment Accelerations
    Accelerations More Likely with Bold Reforms; Critical to Mitigate the Growth Slowdown

    13
    Fiscal Policy in EMDEs
    More Procyclical and More Volatile in Commodity Exporters

    14
    Fiscal Procyclicality, Volatility, and Policies
    Institutions, Fiscal Rules, Capital Account Openness, and Exchange Rate Flexibility Matter

    15
    Questions & Comments
    January 2024

    www.worldbank.org/gep

    16
    Studies by the World Bank Prospects Group

    17

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