Global Economic Prospects, January 2012Perspectivas económicas mundiales: incertidumbre y vulnerabilidad - Resumen ejecutivoWorld Bank No 12105 in World Bank Publications - Books from The World Bank Group Abstract: The world economy has entered a dangerous period. Some of the financial turmoil in Europe has spread to developing and other high-income countries, which until earlier had been unaffected. This contagion has pushed up borrowing costs in many parts of the world, and pushed down stock markets, while capital flows to developing countries have fallen sharply. Europe appears to have entered recession. At the same time, growth in several major developing countries (Brazil, India and, to a lesser extent, Russia, South Africa and Turkey) is significantly slower than it was earlier in the recovery, mainly reflecting policy tightening initiated in late 2010 and early 2011 in order to combat rising inflationary pressures. As a result, and despite a strengthening of activity in the United States and Japan, global growth and world trade have slowed sharply. Keywords: Private; Sector; Development; -; Emerging; Markets; Macroeconomics; and; Economic; Growth; -; Economic; Theory; &; Research; Finance; and; Financial; Sector; Development; -; Currencies; and; Exchange; Rates; Finance; and; Financial; Sector; Development; -; Debt; Markets; Finance; and; Financial; Sector; Development; -; Banks; &; Banking; Reform (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:12105 Access Statistics for this book More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC. |
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