Coping with domestic pressures and gaining from a strengthened global economy. Learn how the world bank group is helping countries with covid19 coronavirus. Guyana the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. World economic outlook april 2014 recovery strengthens, remains uneven international monetary fund w o r l d e c o n o m i c a n d f i n a n c i a l s u r v e y s 2. Largely due to weakerthanexpected global activity in the first half of 2014, the growth forecast for the world economy has been revised downward to 3. Ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican republic 85,555 eth 68 ethiopia 84,356 omn. February 15, 2020 isabel santagostino, nisha arekapudi.
East asia and pacific in the time of covid19 the covid19 virus that triggered a supply shock in china has now caused a global shock. The world bank group has launched the human capital project hcp to mobilize efforts to address these gaps. Developing economies in east asia and the pacific eap, recovering from a trade war and struggling with a viral disease, now face the prospect of a. The world bank economic update provides an overview of recent economic and social developments and policies in china and presents findings from ongoing world bank work on china. The update was led by elitza mileva senior economist under the guidance of john litwack lead economist and om luan zhao. Goods exports were disappointing due to both volume and price effects in 201415but a slight pickup in volumes again in 201516and an appreciating real effective exchange rate. Oecd science, technology oecd science, technology and. World bank warns about global economic outlook bbc news. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The expected upswing reflects a synchronized acceleration among advanced and emergingmarket economies. Change from wesp 2016 annual percentage change 2014 2015 2016. World economic outlook 2014 imf linkedin slideshare. The impact of the covid19 outbreak on economic prospects is severe.
South sudan economic outlook african development bank. Growth was weak but stabilising until the coronavirus covid19 hit. Johannesburg the world bank on tuesday slashed the countrys economic growth outlook for this year to 0. The world banks latest assessment of global economic prospects warns of new threats to efforts to reduce poverty in the developing world.
In august, the 12month change in nonenergy services prices was 2 percent, 14 percentage point lower than the pace of increase from 2012 through the middle of 2014. Others argue that growth will be much slower because of the declining marginal impact of new. Global findex data is reported for all indicators by country, region, and income group. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. According to the world bank, china has experienced the fastest sustained expansion by a major economy in historyand has lifted more than 800 million people out of poverty. The world bank provides lowinterest loans, zero to lowinterest credits, and grants to developing countries. The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account.
The 2019 rebound was driven mainly by reopening some oil fields, including those in upper nile state, and resuming production, and by the peace agreement signed in september 2018. The main version is in english, and it is also published in french and german. Percentage point differences from january 2017 projections. So much spending on plants and equipment leads to excess production. While growth could be stronger if reduced trade tensions mitigate uncertainty, the balance of risks is to the downside. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. In some contexts, the two terms are distinct international or global economy being measured separately and distinguished from national economies while the world economy is simply an. Purchasing power parities and real expenditures of world. This work is a product of the staff of the world bank with external contributions. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education.
Other evidence found by world bank of economic growth having been inclusive to date include i rural employment has risen despite a rise in rural labor force participation, ii the. Macroeconomic performance and outlook real gdp growth was an estimated 5. The world bank does not guarantee the accuracy of the data included in this work. Mozambiques economic outlook governance challenges holding back economic potential 6 mozambique cagr by sector %, 20002014 source. Restrictions on movement of people, goods and services, and containment measures such as. On behalf of the icp executive board and the world bank, we would like to thank all those who contributed to the success of the 2011 icp program. World bank forecasts are frequently updated based on new information. The international monetary fund imf is an international organization headquartered in washington, d. Commercial gold exports, commercial palm oil production. Economic and financial market outlook march 2018 the global economy hits a sweet spot the drivers of growth have broadened after hitting its stride in 2017, the world economy is on track for another year of robust growth. The global growth projection for 2015 was lowered to 3.
This was caused by the large imbalance in import and export of goods and services, which has reached to 19. Projections for these indicators are provided only through 2021. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. Federal reserve board economic outlook and monetary policy. The project is intended to raise awareness of the costs of inaction and make the case for investing in people through country engagement and analytical work.
To the contrary, as of early june, the median forecaster expects growth of 1. Data on statistical capacity the world banks statistical capacity indicator is a composite score assessing the capacity of a countrys statistical system. The oil sector remains the key driver of the economy, followed by. Despite setbacks, an uneven global recovery continues. World development indicators database, world bank, 23 december 2019 1. World bank slashes south africas economic growth outlook. Data relevant to the coronavirus pandemic, drawn from the world banks data catalog and other authoritative sources. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. All queries on rights and licenses should be addressed to world bank publications, the world bank group, 1818 h street nw, washington, dc 20433, usa.
Table 1 arab republic of egypt macro outlook indicators annual percent change unless indicated otherwise 2014 2015 2016 e 2017 f 2018 f 2019 f real gdp growth, at constant market prices 2. Changes in any of the three can affect an economys relative size and, therefore, its ra. Growth in remittance flows to developing countries is expected to accelerate. The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on september. The global findex database provides more than 200 indicators on topics such as account ownership, payments, saving, credit, and financial resilience. Aeo 2014 is the th edition which for the first time covers all 54 african countries.
World bank east asia and pacific economic update, april 2020. Economic outlook is a twiceyearly analysis available for online viewing, download, and in print published by the organisation for economic cooperation and development oecd with economic analysis and forecasts for future economic performance of oecd countries. Year to year changes in the nominal level of output or income of an economy are affected by a combination of forces. Recent developments and outlook in major economies 6. Global economic prospects open knowledge repository world. Download pdf about economic and financial market outlook. Bank, the oecd development centre and the united nations development programme. Oecd economics outlook, interim report march 2020 coronavirus. Outlook annex table, but not included in the database release, have been based on a laspeyres chaintype aggregation. Macroeconomic performance and outlook the liberian economy has faced uncertainty in the past two years due to declining mining exports and rising inflation and currency depreciation. Baseline impacts from the ukraine crisis on the global economy. The economic outlook for 2014 federal reserve bank of. An indepth analysis of the key drivers of economic activity in canada and the us including a discussion of global factors that will affect these near term forecasts.
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