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Global Economic Prospects January 2011: Navigating Strong Currents

Global Economic Prospects January 2011

January 12, 2011—The world economy is moving from a post-crisis bounce-back phase of the recovery to slower but still solid growth this year and next, with developing countries contributing almost half of global growth, says the World Bank's latest Global Economic Prospects 2011.

In most developing countries, GDP has regained levels that would have prevailed had there been no boom-bust cycle. While steady growth is projected through 2012, the recovery in several economies in emerging Europe and Central Asia and in some high-income countries is tentative. Without corrective domestic policies, high household debt and unemployment, and weak housing and banking sectors are likely to mute the export-led recovery.

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Main Text

Main messages

Topical Appendices

Industrial Production | Financial Markets | Trade | Commodity Markets | Inflation

Regional Appendices

East Asia and Pacific
Europe and Central Asia
Latin American and the Caribbean
Middle East and North Africa
South Asia
Sub-Saharan Africa

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