Global Economic Prospects June 2023 is popular PDF and ePub book, written by World Bank in 2023-06-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Global Economic Prospects June 2023 can be Read Online from any device for your convenience.
Global Economic Prospects June 2023 Book PDF Summary
Global growth is projected to slow significantly in the second half of this year, with weakness continuing in 2024. Inflation pressures persist, and tight monetary policy is expected to weigh substantially on activity. The possibility of more widespread bank turmoil and tighter monetary policy could result in even weaker global growth. Rising borrowing costs in advanced economies could lead to financial dislocations in the more vulnerable emerging market and developing economies (EMDEs). In low-income countries, in particular, fiscal positions are increasingly precarious. Comprehensive policy action is needed at the global and national levels to foster macroeconomic and financial stability. Among many EMDEs, and especially in low-income countries, bolstering fiscal sustainability will require generating higher revenues, making spending more efficient, and improving debt management practices. Continued international cooperation is also necessary to tackle climate change, support populations affected by crises and hunger, and provide debt relief where needed. In the longer term, reversing a projected decline in EMDE potential growth will require reforms to bolster physical and human capital and labor-supply growth.
Detail Book of Global Economic Prospects June 2023 PDF
- Author : World Bank
- Release : 27 June 2023
- Publisher : World Bank Publications
- ISBN : 9781464819520
- Genre : Business & Economics
- Total Page : 333 pages
- Language : English
- PDF File Size : 11,6 Mb
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