Global growth is projected to rise in the coming years at a slower pace than envisioned in 2015

The January 2016 edition of Global Economic Prospects finds that global growth disappointed once again in 2015. A further deceleration of activity in key emerging and developing economies overshadowed a modestrecovery in major high-income countries, amid weakening commodity prices, global trade, and capital flows.

Going forward, global growth should pick up at anappreciably slower pace than previously projected. Risks to the outlook remain markedly tilted to the downside.

This latest edition Global Economic Prospects addresses:

  • spillovers from a slowdown in major emerging markets to other developing economies;
  • the potential macroeconomic implications of the Trans-Pacific Partnership;
  • links between exchange rate regimes and capital controls in developing countries; and
  • mounting vulnerabilities in low-income countries before major resource discoveries come into production.

Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects with a special focus on developing countries on a semiannual basis (in January and June).

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