Global Economic Prospects January 2024
The Global Economic Prospects report for January 2024 indicates a slowdown in global growth for the third consecutive year, with weak trade and high real rates posing challenges. The report highlights risks to the global outlook, including multiple downside risks clouding the economic landscape. It also discusses global inflation trends, alternative risk scenarios, climate investment needs, and the impact of investment accelerations on growth and development outcomes.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Global Economic Prospects January 2024 www.worldbank.org/gep
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
