WB - Global Economic Prospects - January 2022

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Document Type: Informes y evaluaciones
Document Type: English
Publish Date: 11 January 2022 (2 years ago)
Upload Date: 2 February 2022 (2 years ago)
Downloads: 183

WB - Global Economic Prospects - January 2022

Document Type: Informes y evaluaciones
Document Language: English
Slowing Growth, Rising Risks: The global recovery is set to decelerate amid continued COVID-19 flare-ups, diminished policy support, and lingering supply bottlenecks. The outlook is clouded by various downside risks, including new virus variants, unanchored inflation expectations, and financial stress. If some countries eventually require debt restructuring, the recovery will be more difficult to achieve than in the past. Climate change may increase commodity price volatility. Social tensions may heighten as a result of the increase in inequality caused by the pandemic. These challenges underscore the need to foster widespread vaccination, enhance debt sustainability, tackle climate change and inequality, and diversify economic activity.

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