If it can be sustained, the robust economic growth that we have seen this year could help lift millions out of poverty, particularly in the fast-growing economies of South Asia. But growth alone won’t be enough to address pockets of extreme poverty in other parts of the world.”

World Bank Group President Jim Yong Kim said.

 

Policymakers need to focus on ways to support growth over the longer run

 

By boosting productivity and labor force participation in order to accelerate progress toward ending poverty and boosting shared prosperity. Activity in advanced economies is expected to grow 2.2 percent in 2018 before easing to a 2 percent rate of expansion next year, as central banks gradually remove monetary stimulus, the June 2018 Global Economic Prospect essays.

 

Growth in emerging market and developing economies

 

Overall is projected to strengthen to 4.5 percent in 2018, before reaching 4.7 percent in 2019 as the recovery in commodity exporters matures and commodity prices level off following this year’s increase.  This outlook is subject to considerable downside risks. The possibility of disorderly financial market volatility has increased, and the vulnerability of some emerging market and developing economies to such disruption has risen. Trade protectionist sentiment has also mounted, while policy uncertainty and geopolitical risks remain elevated.

NEW World Bank report says global growth to slow to 3% in 2019 from 3.1% in 2018, as slack dissipates, major central banks normalize policy, trade and investment moderate.

 


 

Default

Economic Trends|News section pursuing a compilation of the main economic indicators|