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Frontier Technology Issues: Harnessing the economic dividends from demographic change

Frontier Technology Issues: Harnessing the economic dividends from demographic change

The inevitability of preparing for a future with an older population adds to the urgency with which countries need to improve how they prepare young people for the jobs of today and the future. Without a large boost in labour productivity, the potential economic benefits due to an influx of young workers will remain unrealized at the scale needed for such a future.
Frontier Technology Issues: Harnessing the economic dividends from demographic change
World Economic Situation and Prospects: July 2023 Briefing, No. 173

World Economic Situation and Prospects: July 2023 Briefing, No. 173

Microchips are central to modern industries, ranging from consumer goods, industrial production to national defence. While chip supply shortages, notable during the pandemic, have now largely eased, this has been uneven across user sectors.
World Economic Situation and Prospects: July 2023 Briefing, No. 173
World Economic Situation and Prospects: June 2023 Briefing, No. 172

World Economic Situation and Prospects: June 2023 Briefing, No. 172

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.
World Economic Situation and Prospects: June 2023 Briefing, No. 172
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World Economic Situation and Prospects: June 2023 Briefing, No. 172

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.
World Economic Situation and Prospects as of mid-2023

World Economic Situation and Prospects as of mid-2023

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.
World Economic Situation and Prospects as of mid-2023
World Economic Situation and Prospects: April 2023 Briefing, No. 171

World Economic Situation and Prospects: April 2023 Briefing, No. 171

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.
World Economic Situation and Prospects: April 2023 Briefing, No. 171
World Economic Situation and Prospects: March 2023 Briefing, No. 170

World Economic Situation and Prospects: March 2023 Briefing, No. 170

The lingering war in Ukraine has been weighing on global economic activity since early 2022, undermining post-pandemic recovery. The initial impact of the conflict on energy and commodity prices appears to have waned, although some risks on the supply side may re-emerge, and challenges to Europe?s energy security remain.
World Economic Situation and Prospects: March 2023 Briefing, No. 170
World Economic Situation and Prospects: February 2023 Briefing, No. 169

World Economic Situation and Prospects: February 2023 Briefing, No. 169

Persistently high inflation in both developed and developing economies is eroding real incomes. External financing conditions for developing economies have deteriorated due to the monetary tightening measures to counter inflation in developed economies.
World Economic Situation and Prospects: February 2023 Briefing, No. 169

World Economic Situation and Prospects 2023

Multiple shocks to the world economy
The world continues to confront multiple, inter-connected crises. Amid a slow recovery from the impact of the COVID-19 pandemic, the world is facing a food and energy crisis exacerbated by the war in Ukra
World Economic Situation and Prospects 2023
World Economic Situation and Prospects: January 2023 Briefing, No. 168

World Economic Situation and Prospects: January 2023 Briefing, No. 168

It is crucial for central banks to maintain a ?nominal anchor? to stabilize inflation expectations. Currently, exchange rate targeting, monetary aggregate targeting, and inflation targeting are used as nominal anchors.
World Economic Situation and Prospects: January 2023 Briefing, No. 168