Global Economic Prospects – January 2016

GEP-2016a-Front-CoverThe World Bank has just published the report, “Global Economic Prospects: spillovers amid weak growth.”

According to the study, weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9 percent pace, from 2.4 percent growth in 2015, as advanced economics gain speed.

Forecasts are subject to substantial downside risks. A more protracted slowdown across large emerging markets could have substantial spillovers to other developing economies, and eventually hold back the recovery in advanced economies.

A broad-based slowdown across developing countries could pose a threat to hard-won gains in raising people out of poverty, the report warns.

Download the Global Economic Prospects report.