Medium-term growth prospects are clouded by scarring from the pandemic, the ever-worsening impact of climate change, and structural macroeconomic challenges, such as anaemic investment and mounting debt vulnerabilities.
Medium-term growth prospects are clouded by scarring from the pandemic, the ever-worsening impact of climate change, and structural macroeconomic challenges, such as anaemic investment and mounting debt vulnerabilities.
The world economy is in the doldrums, with weak economic growth, stubborn inflation and rising interest rates in the major developed economies clouding the near-term economic outlook. Legacy effects of the COVID-19 pandemic, the protracted war in Ukraine, exacerbating effects of climate change are impeding a rebound of global growth.
As we enter May 2023, the global economic situation remains highly uncertain amid an extraordinary confluence of recent shocks that have affected countries across the world.
Taking account of future population trends in national development planning is essential for achieving the Sustainable Development Goals, in particular, those related to poverty, food security, health, education, gender equality, decent work, inequality, urbanization and the environment, and for ensuring that no one is left behind.
The demographic transition, including decreased fertility and child dependency, brings opportunities to boost the human capital of young people and adults alike.
Monetary policy cycles in developing countries will increasingly diverge in 2023 as several central banks are expected to further raise interest rates, while others may find policy space to hold, or even cut, rates.
This Policy Note focuses on the likely impacts, in the short and medium run, of the withdrawal of international support measures, taking into account the nature of these measures and how the identified countries have used them so far. It is available in English and French.
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