A Decade Since the Global Recession: Lessons and Challenges for Emerging and Developing Economies - Couverture souple

 
9781464815270: A Decade Since the Global Recession: Lessons and Challenges for Emerging and Developing Economies
Couverture souple
ISBN 10 : 1464815275 ISBN 13 : 9781464815270
Editeur : World Bank Publications, 2021

Synopsis

Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened.The experience of the 2008 global recession highlights once again the critical role of policy in shielding economic activity during adverse shocks, and the subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs now is to improve their resilience to shocks and lift long-term growth prospects.

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Éditeur
World Bank Publications
Date d'édition
2021
Langue
anglais
ISBN 10 
1464815275
ISBN 13 
9781464815270
Reliure
Broché
Nombre de pages
426
Éditeur
Kose M. Ayhan, Ohnsorge Franziska
Coordonnées du fabricant
non disponible
Personne responsable
non disponible