Global economic prospects, June 2015

the global economy in transition

By:

World Bank

Format:

Paperback / softback

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Description

Global growth is expected to be 2.8 percent in 2015, lower than anticipated in January. Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs in a new era of low prices for oil and other key commodities. This will result in a fourth consecutive year of disappointing economic growth this year. The June edition presents a detailed outlook for the global economy and for each of the world's developing regions.It also includes special features that analyze the policy challenges raised by the two transitions in developing countries: (i) The risks associated with the first U.S. central bank interest rate increase since 2006 and (ii) The implications of persistently low commodity prices for low-income countries.

Author Biography:

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

Release date Australia

June 30th, 2015

Author

World Bank

Audience

Professional & Vocational

Illustrations

col. figs, tables

Pages

174

Dimensions

216x279x13

ISBN-13

9781464804830

Product ID

23104498

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