LEADER 05272nam 2200637 450 001 9910460697003321 005 20200520144314.0 010 $a1-4648-0485-0 035 $a(CKB)3710000000440157 035 $a(EBL)2081829 035 $a(SSID)ssj0001558731 035 $a(PQKBManifestationID)16183203 035 $a(PQKBTitleCode)TC0001558731 035 $a(PQKBWorkID)14819283 035 $a(PQKB)10255229 035 $a(MiAaPQ)EBC2081829 035 $a(Au-PeEL)EBL2081829 035 $a(CaPaEBR)ebr11070634 035 $a(CaONFJC)MIL809571 035 $a(OCoLC)913375330 035 $a(EXLCZ)993710000000440157 100 $a20150709h20152015 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aGlobal economic prospects $ethe global economy in transition 210 1$aWashington, District of Columbia :$cWorld Bank Group,$d2015. 210 4$dİ2015 215 $a1 online resource (199 p.) 225 1 $aGlobal Economic Prospects ;$vv.2 300 $aDescription based upon print version of record. 311 $a1-4648-0483-4 327 $aCover; Contents; Foreword; Acknowledgments; Abbreviations; Chapter 1 Global Outlook: The Global Economy in Transition; Summary and Key Messages; Tables; 1.1 The global outlook in summary; Figures; 1.1 Global activity; Recent Developments and Outlook in Major Economies; 1.2 Global trends and policy challenges; 1.3 United States; 1.4 United Kingdom; 1.5 Euro Area; Global Trends and Spillovers; 1.6 Japan; 1.7 China; 1.8 Implications of the European Central Bank's quantitative easing for global financial conditions; Boxes 327 $a1.1 Negative Interest Rates in Europe: A Glance at Their Causes and Implications B1.1.1 Negative interest rates in Europe: Context; B 1.1.2 Negative interest rates in Europe: Some consequences; 1.9 Implications of the European Central Bank's quantitative easing for developing countries; 1.10 Implications of launch of monetary tightening in the United States; 1.11 Developing countries' capital flows and borrowing costs; 1.12 Oil markets; Recent Developments and Outlook in Developing Countries; 1.2 Low Oil Prices in Perspective; B 1.2.2 Global growth and inflation around oil price declines 327 $aB1.2.3 Financial market developments around oil price declines B1.2.4 The new oil map; 1.13 Oil price volatility and non-oil commodity prices; 1.14 Global trade; 1.15 Developing and emerging-market growth; Risks to the Outlook; 1.16 Terms of trade effect on GDP; 1.17 Developing country currencies; 1.18 Exchange rates and competitiveness in major emerging economies; 1.19 Inflation in developing countries; 1.20 Private debt in developing countries; 1.21 Risk of a rough awakening; Policy Challenges; 1.22 Emerging market credit ratings; 1.23 Risk of excessive U.S. dollar appreciation 327 $a1.24 Risk of stagnation and deflation in the Euro Area 1.25 Risk of a hard landing in China; 1.26 Monetary policy in developing countries; 1.27 Fiscal pressures; 1.28 Income convergence; 1.29 Structural reforms; 1.3 Recent Developments in Emerging and Developing Country Labor Markets; B1.3.1 Global unemployment rate; B1.3.2 Unemployment rate in developing and advanced economies; B1.3.3 Regional unemployment rate; B1.3.4 Change in employment to population ratio; B1.3.5 Labor force participation rate 327 $aB1.3.6 Changes in unemployment rate and GDP growth in Great Recession vs. previous recessions in developing economiesB1.3.7 Estimates of Okun's Law coeffcients for advanced, emerging, and frontier market economies; B1.3.8 Real GDP growth and change in unemployment rates in developing economies, 2000-14; B1.3.9 Estimated informal employment shares in selected countries, 2011; B1.3.10 Global average annual real wage growth; B1.3.11 Real wage growth in selected developing economies; B1.3.12 Enterprise Survey results on key business constraints, 2013; References; 1.30 Fuel subsidies 327 $aSpecial Feature 1 Hoping for the Best, Preparing for the Worst: Risks around U.S. Rate Liftoff and Policy Options 330 $aGlobal growth is expected to be 2.8 percent in 2015, but is expected to pick up to 3.2 percent in 2016-17. Growth in developing countries and some high-income countries is set to disappoint again this year. The prospect of rising borrowing costs will compound the challenges many developing countries are facing as they adapt to an era of low commodity prices. Risks to this outlook remain tilted to the downside. This edition of Global Economic Prospects includes two Special Features that analyze the policy challenges raised by the two transitions in developing countries: the risks associated with 410 0$aGlobal Economic Prospects 606 $aEconomic forecasting$zDeveloping countries 606 $aEconomic forecasting 607 $aDeveloping countries$xEconomic conditions 608 $aElectronic books. 615 0$aEconomic forecasting 615 0$aEconomic forecasting. 676 $a338.5443091724 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910460697003321 996 $aGlobal economic prospects$91130978 997 $aUNINA