Global Economic Prospects, June 2011 : Maintaining Progress Amid Turmoil

The global financial crisis is no longer the major force dictating the pace of economic activity in developing countries. The majorities of developing countries has, or are close to having regained full-capacity activity levels. As a result, country-specific productivity and sartorial factors are now the dominant factors underpinning growth. Macroeconomic policy in developing countries needs to turn toward medium-term productivity enhancements, managing inflationary pressures re-establishing the fiscal and monetary cushions that allowed most developing countries to come through the crisis so well. In contrast, activity in high income and some developing European countries continues to struggle with crisis-related problems, including banking-sector, fiscal and household restructuring. The remainder of this report is organized as follows. The next section discusses recent developments in global production, trade, inflation, and financial markets, and presents updates of the World Bank's forecast for the global economy and developing countries. This is followed by a more detailed discussion of some of the risks and tensions in the current environment, and a short section of concluding remarks. Several annexes address regional and sartorial issues in much greater detail.

Bibliographic Details

Main Author:	World Bank
Format:	Working Paper biblioteca
Language:	en_US
Published:	2011-06
Subjects:	absolute value, acceleration of inflation, adjustment costs, adverse effects, aggregate demand, asset price, asset values, balance sheet, balance sheets, bank loan, bank loans, banking sector, basis points, bond, Bond issuance, bond markets, Bonds, business investment, capacity constraints, capital adequacy, capital inflows, capital investments, capital markets, capital outflows, central banks, Commodities, commodity, commodity price, Commodity Prices, competitiveness, consumer demand, consumer price index, consumer spending, consumption basket, Copyright Clearance, Copyright Clearance Center, core inflation, corporate bond, cost of capital, credibility, Current account, Current account balance, current account balances, current account imbalances, current account surpluses, debt, debt financing, depreciation, developing countries, Developing country, developing economies, developing­country, dollar value, domestic credit, domestic demand, domestic demand growth, domestic inflation, domestic markets, domestic prices, drag on growth, economic developments, economic disruption, emerging economies, emerging market, emerging markets, energy exports, equilibrium price, equity flows, exchange rate, Exchange rate appreciation, exchange rate flexibility, export value Interest Rates, export volumes, exporters, exposures, financial crisis, Financial flows, financial markets, financial sector, financing arrangements, fiscal consolidation, fiscal deficit, fiscal deficits, fiscal policies, fiscal policy, flexible exchange rate, flexible exchange rate regimes, food price, food prices, food production, foreign capital, foreign currency, foreign currency debt, foreign direct investment, future prices, global demand, Global Economy, Global imbalances, global inflation, global output, government bond, government budget, government deficits, gross debt, growth rate, growth rates, high-income countries, import, import growth, imports, income, income growth, incomes, inflation measures, inflation rate, inflation rates, inflation targets, inflationary expectations, inflationary pressures, infrastructure projects, institutional investors, interest rate, interest rates, International capital, International capital flows, international markets, international price, International prices, international reserve, International Trade, investment goods, investment spending, labor market, labor markets, local currency, long-run equilibrium, long-term interest rates, Macroeconomic policy, market conditions, market developments, market pressures, market price, market prices, middle-income countries, monetary authority, monetary policy, mortgage, narrow band, natural disaster, nominal interest rates, oil commodities, oil demand, oil exporters, oil exporting countries, oil importers, oil markets, oil price, oil prices, oil supply, output, output gap, output gaps, outturns, political turmoil, pollution, portfolio, power parities, power parity, price hikes, price increase, price increases, price indexes, price indices, price of oil, private capital, private capital flows, private inflows, purchasing power, purchasing power parities, purchasing power parity, rapid expansion, rate of growth, real effective exchange rate, recession, Regional growth, regulatory conditions, remittance, remittances, reserve accumulation, rise in inflation, risk premium, sales growth, savings, short-term debt, shortfall, shortfalls, slowdown, sovereign debt, spare capacity, strong capital inflows, Strong demand, supply conditions, supply disruptions, supply shocks, tax, technological change, trade impacts, transition countries, Treasury, uncertainty, unemployment rate, upward pressure, upward pressures, value index, volatility, weights, world prices, World Trade,
Online Access:	http://hdl.handle.net/10986/12103
Tags:	Add Tag No Tags, Be the first to tag this record!