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Global Economic Prospects, June 2020.
The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pan...
| Clasificación: | Libro Electrónico |
|---|---|
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
World Bank Publications,
2020.
|
| Colección: | Global Economic Prospects.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 245 | 0 | 0 | |a Global Economic Prospects, June 2020. |
| 264 | 1 | |a Washington, D.C. : |b World Bank Publications, |c 2020. | |
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| 490 | 1 | |a Global Economic Prospects | |
| 505 | 0 | |a Cover -- Title -- Copyright -- Table of Contents -- Acknowledgments -- Foreword -- Executive Summary -- Abbreviations -- Chapter 1 Pandemic, Recession: The Global Economy in Crisis -- Summary -- Major economies: Recent developments and outlook -- United States -- Euro Area -- Japan -- China -- Global trends -- Global trade -- Financial markets -- Commodity markets -- Emerging market and developing economies -- Recent developments -- Outlook -- Global outlook and risks -- Global outlook -- Risks to the outlook -- Policy challenges -- Challenges in advanced economies | |
| 505 | 8 | |a Challenges in emerging market and developing economies -- Global coordination and cooperation -- Box 1.1 How deep will the COVID-19 recession be? -- Box 1.2 Recent developments and outlook for low-income countries (LICs) -- Box 1.3 Scenarios of possible global growth outcomes -- Box 1.4 How does informality aggravate the impact of COVID-19? -- References -- Chapter 2 Regional Outlooks -- East Asia and Pacific -- Recent developments -- Outlook -- Risks -- Europe and Central Asia -- Recent developments -- Outlook -- Risks -- Latin America and the Caribbean -- Recent developments -- Outlook -- Risks | |
| 505 | 8 | |a Middle East and North Africa -- Recent developments -- Outlook -- Risks -- South Asia -- Recent developments -- Outlook -- Risks -- Sub-Saharan Africa -- Recent developments -- Outlook -- Risks -- References -- Special Focus -- Regional Macroeconomic Implications of COVID-19 -- Introduction -- The pandemic and health policy responses -- Regional vulnerabilities to health and economic stress -- Macroeconomic policy responses -- Prospects for per capita growth and poverty -- Risks -- Box SF. 1 The impact of COVID-19 on global value chains -- References | |
| 505 | 8 | |a Chapter 3 Lasting Scars of the COVID-19 Pandemic -- Introduction -- Spread of the pandemic -- The economics of the pandemic: Shocks and spillovers -- Initial impact: Economic activity, financial and commodity markets -- Global activity and trade -- Global financial conditions -- Commodity markets -- Short-term growth impact -- Spillovers -- Vulnerabilities: Magnifying the short-term impact -- Long-term growth effects -- Implications for potential output -- Implications for productivity -- Unique nature of the pandemic: Magnifying the long-term impact -- Conclusion | |
| 505 | 8 | |a Box 3.1 How do deep recessions affect potential output in EMDEs? -- Box 3.2 How do disasters affect productivity? -- Annex 3.1 The macroeconomic effects of pandemics and epidemics: A literature review -- Annex 3.2 Bayesian vector autoregression model -- Annex 3.3 EMDE vulnerability index -- Annex 3.4 Long-term implications of recessions: Data and methodology -- References -- Chapter 4 Adding Fuel to the Fire: Cheap Oil during the Pandemic -- Introduction -- Drivers of the oil price plunge -- Comparison with previous periods of disruptions | |
| 500 | |a Implications of oil price plunges for the global economy | ||
| 520 | 3 | |a The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and firms. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. Being mostly a reflection of the recent plunge in global energy demand, low oil prices are unlikely to provide much of a boost to global growth in the near term. While policymakers' immediate priorities are to address the health crisis and moderate the short-term economic losses, the likely long-term consequences of the pandemic highlight the need to forcefully undertake comprehensive reform programs to improve the fundamental drivers of economic growth, once the crisis abates. Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). The January edition includes in-depth analyses of topical policy challenges faced by these economies, while the June edition contains shorter analytical pieces. | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Economic forecasting. | |
| 650 | 0 | |a Economic indicators. | |
| 650 | 0 | |a COVID-19 (Disease) |x Economic aspects. | |
| 650 | 0 | |a Petroleum industry and trade |x Economic aspects. | |
| 650 | 6 | |a Prévision économique. | |
| 650 | 6 | |a Indicateurs économiques. | |
| 650 | 6 | |a COVID-19 |x Aspect économique. | |
| 650 | 6 | |a Pétrole |x Industrie et commerce |x Aspect économique. | |
| 650 | 7 | |a COVID-19 (Disease) |x Economic aspects |2 fast | |
| 650 | 7 | |a Economic forecasting |2 fast | |
| 650 | 7 | |a Economic indicators |2 fast | |
| 650 | 7 | |a Petroleum industry and trade |x Economic aspects |2 fast | |
| 776 | 0 | 8 | |i Print version: |a Group, World Bank. |t Global Economic Prospects, June 2020. |d Washington, D.C. : World Bank Publications, ©2020 |
| 830 | 0 | |a Global Economic Prospects. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=6280119 |z Texto completo |
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