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Global Economic Recovery: Developing Countries' Resilience And Ongoing Challenges.pdf

1296045854-9.GEP_2011_Andrew_Burns.pdf
Preview of Global Economic Recovery: Developing Countries' Resilience and Ongoing Challenges
🔗 Source: tepav.org.tr
📊 Size: 646 KB
👤 Author: Hans Timmer
⬇️ Downloads: 18

Summary

Navigating Strong Currents* (January 21, 2011) highlights the resilience of most developing countries in weathering the financial crisis. Despite high-income nations' continued weakness, these countries demonstrated remarkable economic strength. However, global and regional challenges remain, including tighter financial conditions, uncertainty in the financial sector, exchange rate pressures, and potential poverty impacts of rising food prices.

Key findings:

- Developing countries have largely recovered from the crisis, with most close to full recovery outside Europe and Central Asia.
- Global real GDP growth is expected to slow somewhat in 2011.
- Export and import volumes relative to trend remain below their historical averages.

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Description

Andrew Burns of the World Bank's *Global Economic Prospects* report (January 21, 2011) highlights that while high-income nations remain weak, most developing countries have robustly weathered the financial crisis, with growth set to slow globally in 2011. The report identifies regional and global challenges including tighter financial conditions, uncertainty in the financial sector, exchange rate pressures, and potential poverty impacts of rising food prices.

Technical Information

  • File Format: PDF
  • File Size: 646 KB
  • Pages: 32
  • Language: EN
  • Author: Hans Timmer
  • Total Downloads: 18
  • Last Updated: 4 months ago

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