Decade After the Global Recession
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A01=World Bank
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Author_World Bank
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B01=Franziska Ohnsorge
B01=M. Ayhan Kose
Category1=Non-Fiction
Category=GTF
Category=GTP
Category=KCL
Category=KCM
Category=KCX
COP=United States
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Economic risks
Economic Vulnerabilities
Emerging and developing economies
eq_bestseller
eq_business-finance-law
eq_isMigrated=0
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Financial sector policy
Global financial crisis
global recession
government debt
Language_English
macroeconomic policy
PA=Available
Price_€50 to €100
PS=Active
softlaunch
Structural Reforms
Product details
- ISBN 9781464815270
- Weight: 900g
- Dimensions: 152 x 229mm
- Publication Date: 19 Mar 2021
- Publisher: World Bank Publications
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened.The experience of the 2008 global recession highlights once again the critical role of policy in shielding economic activity during adverse shocks, and the subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs now is to improve their resilience to shocks and lift long-term growth prospects.
