Coping with policy normalization in high-income countries
GLOBAL ECONOMIC PROSPECTS | JANUARY 2014
Five years after the global financial crisis, the world economy is showing signs of bouncing back this year, pulled along by a recovery in high-income economies, says the World Bank’s latest Global Economic Prospects report, issued on January 14, 2014.
Developing-country growth is also firming, thanks in part to the recovery in high-income economies as well as moderating, but still strong, growth in China.
Growth prospects for 2014 are, however, sensitive to the tapering of monetary stimulus in the United States, which began earlier this month, and to the structural shifts taking place in China’s economy.
COMPLETE REPORT (PDF)
EXECUTIVE SUMMARY (PDF)
REGIONAL SUMMARIES (PDF)
- East Asia and Pacific:
Overview: (中文) | Full Text (EN)
- Europe and Central Asia:
Overview: (Russian) | Full Text (EN)
- Latin American and the Caribbean:
Overview: (Español) | Full Text (EN)
- Middle East and North Africa:
Overview: (عربي) | Français) | Full Text (EN)
- South Asia:
Full Text (EN)
- Sub-Saharan Africa:
Overview: (Français) | Full Text (EN)