Executive Summary -- World Economic Situation and Prospects 2016

Executive Summary -- World Economic Situation and Prospects 2016

 
Date: 
Wednesday, January 27, 2016
ISBN: 
978-92-1-109172-4
Abstract

The world gross product is projected to grow by a mere 2.4 per cent in 2015, a significant downward revision from the 2.8 per cent forecast in the World Economic Situation and Prospects as of mid-2015. More than seven years after the global financial crisis, policymakers around the world still face enormous challenges in stimulating investment and reviving global growth. The world economy has been held back by several major headwinds: persistent macroeconomic uncertainties and volatility; low commodity prices and declining trade flows; rising volatility in exchange rates and capital flows; stagnant investment and diminishing productivity growth; and a continued disconnect between finance and real sector activities.