Following the annual meetings tradition, the development committee meets in washington two years out of three and, in order to reflect the international character of the two institutions, every third year in a different member country. June 2018 learning more, growing faster world bank. According to the latest ubos report on the key economic indicators, real. Acknowledgements the world economic situation and prospects 2018 is a joint product of the united nations department of economic and social affairs undesa, the united nations conference on. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources.
This work is a product of the staff of the world bank with external contributions. While growth could be stronger if reduced trade tensions mitigate uncertainty, the balance of risks is to the downside. The world energy outlook weo is the gold standard of longterm energy analysis. Outlook and risks growth in the region is forecast to pick up to 6.
Haver analytics, international energy agency, statistics south africa, world bank, world. According to the latest ubos report on the key economic indicators, real gdp for the. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. Global trade regained significant momentum, supported by an upturn in investment. The rate of expansion appears to have peaked in some major economies and growth has become less synchronized. Growth among oil exporters is anticipated to pick up to 2. Economic decisions are rarely rational in the realm of dreams, and without the interference of. Download the january 2018 global economic prospects report. The report referred that oil importers, as a group, are expected to grow 4 percent in 2019, up from a 3. Projections for these indicators are provided only through 2021. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks.
It also outlines an integrated way to meet multiple sustainable development goals. The heritage foundation index 473 major works cited the 2019 index of economic freedom relies on data from multiple internationally recognized sources. School enrollment, primary and secondary gross, gender parity index gpi terrestrial and marine protected areas % of total territorial area total greenhouse gas emissions kt of co2 equivalent urban population. Indonesian economic outlook bank sentral republik indonesia. Global economic prospects open knowledge repository world. Debt is obviously rising, but the most concerning trend is the change in debt composition, which brings marketled risks that countries. The timorese authorities have revised the compilation. Oecd ilibrary oecd economic outlook, volume 2018 issue 1. Africas economic outlook is promising for 2018, but there. In ideal political circumstances, a global pact between rich and poor nations would codify a grand bargain based on infrastructure financing. Economic outlook report 2018 03 dear our valued clients, we are very pleased to release the economic outlook report 2018 to you.
June 2018 learning more, growing faster the world bank. It is a part of our constant endeavors to provide valuable insights to our clients. Exports of goods and services have contributed positively to economic activity, as oil and nonoil merchandise exports, the suez canal and tourism continue to rebound. Pakistan global economic prospects examines trends for the world economy and how they affect developing countries. Gross domestic product 2018 millions of ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican. This new world economic outlook report projects that advanced economies as a group will continue to expand above their potential growth rates this year and next before decelerating, while growth in emerging market and developing economies will rise before leveling off. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
Ilo, 2018 isbn 97892215353 print isbn 97892215360 web pdf isbn 97892215377 epub international labour office employment unemployment labour policy economic recovery regional development africa asia caribbean europe. Us economic outlook november 2015 chinas economic growth will slow further in 2016 because of foreign trade will be a drag on us economic growth through 2018, due. World emerging market and developing economies china india brazil russia south africa subsaharan africa 2017 3. Interim global economic outlook assessment, march 2018. Learning more, growing faster indonesia economic quarterly j une 2018 the world bank bank dunia 34. The global consumption database is a onestop source of data on household consumption patterns in developing countries. Its time for a new social contract some 85% of the worlds workforce want the rules of the global economy rewritten, at a time of intense risk. Aggregate growth rates calculated using constant 2010 u. Global growth accelerated to 3 percent in 2017, supported by a broadbased cyclical recovery encompassing more than half of the worlds economies, and is expected to edge up to 3. General assessment of the macroeconomic situation policy challenges from closer international trade and financial integration developments in individual oecd and selected nonmember economies statistical annex. Official pdf, 264 pages world bank documents world bank group.
The world bank provides lowinterest loans, zero to lowinterest credits, and grants to developing countries. Among oil importing economies, increasing growth is predicated on policy reform progress and. Indonesias economic outlook continues to be positive, although more measured. Highlights download report english download report khmer sections in this edition. Exports of goods and services have contributed positively to economic activity, as oil and nonoil merchandise exports, the suez canal and tourism. The future of jobs report 2018 world economic forum. The global economic prospects gep is the world banks semiannual flagship publication on the state of the world economy.
On the face of it, 2018 is going to be a good year for sub saharan africas economies. With 189 member countries, staff from more 170 countries, and offices in over locations, the world bank group is a unique global partnership. The international monetary fund imf is an international organization headquartered in washington, d. Gross domestic product 2018 millions of ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908 dom 67 dominican republic 85,555 eth 68 ethiopia 84,356 omn 69 oman 79,277.
This is the first time since the 19971998 asian financial crisis that growth in the region has dropped below 6%. The pickup is driven by public and private investments and private consumption. An anticipated slight improvement for 2018 of 10 basis points comes with indications of under performance. However, the world bank expects myanmars economic growth will have a slight pickup in the 201819 fiscal year, rising to 6. The global risks report 2018 raises concerns about the economic impact of new technologies and a lack of progress to protect the environment. The world bank forecasts global growth to slow to 2. All queries on rights and licenses should be addressed to world bank publications, the world bank group, 1818 h street nw, washington, dc 20433, usa. The world economic situation and prospects 2018 is a joint product of the united nations department of economic and social affairs undesa, the united nations conference. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. Annual estimates and forecasts 1 quarterly growth 2 2015 2016 2017e 2018f 2019f 2020f 16q2 16q3 16q4 17q1 17q2 17q3e south asia 7. These reports are prepared in close partnership with somali stakeholders and aim to contribute to government. In addition to discussing global and regional prospects, this edition includes several pieces on. Spring meetings of the world bank group and the international monetary fund, washington, d. Recent economic developments and outlook world bank group 201810 economic growth remains strong, driven primarily by robust expansion in.
The world bank does not guarantee the accuracy of the data included in this work. It also outlines an integrated way to meet multiple. But the world does not have ideal political circumstances. The future of jobs report 2018 the fourth industrial revolution is interacting with other socioeconomic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets.
World bank, ha nguyen economist, decmg, world bank, andy d. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The world bank has effected a massive cut in its projections for nigerias economic growth rate for 2018 to 2. Growth in the east asia and pacific region is projected to slow from 6. It is designed to serve a wide range of users from researchers seeking data for analytical studies to businesses seeking a better understanding of the markets into which they are expanding or those they are already serving.
Asian development outlook 2018 was prepared by staff of the asian development bank adb in the central and west asia department, east asia department, pacific department, south asia department, southeast asia department, and economic research and regional cooperation department, as well as in adb resident missions. Learn how the world bank group is helping countries with covid19 coronavirus. Recent developments and outlook in major economies 6. Global growth has eased but remains robust and is projected to reach 3. As global economic growth is projected to slow and trade flows moderate from recent highs, indonesias gdp growth is projected to still rise with stronger domestic demand from 5. Due to the high level of uncertainty in current global economic conditions, the april 2020 weo database and statistical tables contain only these indicators. It is directed to an international readership among economists and social scientists in government, business, international agencies, universities, and. Morgan, organisation for economic cooperation and development, world bank. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040. Change from wesp 2016 annual percentage change 2014 2015 2016. World banks economic outlook for myanmar in 6 points. Home publication monetary policy indonesian economic outlook. This report is a product of the staff of the international bank for reconstruction and developmentthe world bank, supported by funding from the australian government under the support for enhanced macroeconomic and fiscal. Recent economic developments and outlook world bank group 2018 10 economic growth remains strong, driven primarily by robust expansion in consumption and exports.
The outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. Jun 18, 2019 however, the world bank expects myanmars economic growth will have a slight pickup in the 201819 fiscal year, rising to 6. The oecd economic outlook is the oecds twiceyearly analysis of the major economic trends and prospects for the next two years. The bank also noted that the states primary fiscal balance is expected to reach a surplus of 1. This report is compiled with highlevel update and summary of the market conditions and impactful economic highlights. The global economic upswing that began around mid2016 has become broader and stronger. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets.
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