Global Economic Prospects

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var titlelink = $('.wdr-banner').data("bannerlink"); if(titlelink==""){ $(".navbar-header .navbar-text").html(title); }else{ $(".navbar-header .navbar-text").html("<a href='"+$('.wdr-banner').data("bannerlink")+"'>"+title+"</a>"); } </script> <style> .fullbanner img { -o-object-fit: cover; object-fit: cover; -o-object-position: left center; object-position: left center; width: 100%; height: 440px; }</style></div> <div class="wdr_banner parbase section"> <div class="container"> <section id="overview" class="sec-overview"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <div class="wdr-overview-bg" data-bannerreadmore="Read More" data-bannerreadless="Read Less"> <h3>Stagflation Risk Rises Amid Sharp Slowdown in Growth</h3> <div class="mrg-b-30"> <span class="hidden-xs hidden-sm"><p> <a data-customlink="nl:body content" data-text="GEP front cover June 2022" href="https://web.archive.org/web/20220611135213/https://openknowledge.worldbank.org/bitstream/handle/10986/37224/9781464818431.pdf"> <img src="/web/20220611135213im_/https://www.worldbank.org/content/dam/photos/220x285/2022/jun/GEP-front-cover-220-285.jpg" alt="GEP front cover June 2022"/> </a> </p></span> <div class="hidden-md hidden-lg"> <a data-customlink="nl:body content" data-text="GEP front cover June 2022" href="https://web.archive.org/web/20220611135213/https://openknowledge.worldbank.org/bitstream/handle/10986/37224/9781464818431.pdf"> <img src="/web/20220611135213im_/https://www.worldbank.org/content/dam/photos/220x285/2022/jun/GEP-front-cover-220-285.jpg" alt="GEP front cover June 2022"/> </a> <span class="wdr_banner_desc bannermore" data-textcountbanner="850">Russia’s invasion of Ukraine and its effects on commodity markets, supply chains, inflation, and financial conditions have steepened the slowdown in global growth. One key risk to the outlook is the possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. This could eventually result in a sharp tightening of monetary policy in advanced economies, which could lead to financial stress in some emerging market and developing economies. A forceful and wide-ranging policy response is required to boost growth, bolster macroeconomic frameworks, reduce financial vulnerabilities, and support vulnerable groups. </span></div> <div class="hidden-xs hiden-sm"> <div class="textcontent" style="display:none">Russia’s invasion of Ukraine and its effects on commodity markets, supply chains, inflation, and financial conditions have steepened the slowdown in global growth. One key risk to the outlook is the possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. This could eventually result in a sharp tightening of monetary policy in advanced economies, which could lead to financial stress in some emerging market and developing economies. A forceful and wide-ranging policy response is required to boost growth, bolster macroeconomic frameworks, reduce financial vulnerabilities, and support vulnerable groups. </div> <div class="wdr_banner_desc bannermore" data-textcountbanner="850">Russia’s invasion of Ukraine and its effects on commodity markets, supply chains, inflation, and financial conditions have steepened the slowdown in global growth. One key risk to the outlook is the possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. This could eventually result in a sharp tightening of monetary policy in advanced economies, which could lead to financial stress in some emerging market and developing economies. A forceful and wide-ranging policy response is required to boost growth, bolster macroeconomic frameworks, reduce financial vulnerabilities, and support vulnerable groups. </div></div> </div> <div class="wdr-btn hidden-xs"> <div class="dropdown btn-group"> <button class="btn btn-downloads dropdown-toggle" type="button" id="dropdownMenu1" data-toggle="dropdown" aria-haspopup="true" aria-expanded="true"> Downloads <i class="fa fa-chevron-down"></i></button> <div class="dropdown-menu width100" aria-labelledby="dropdownMenu1" id="download-file"> <a class="dropdown-item" data-customlink="fd:body content:en:pdf" data-text="9781464818431.pdf" href="https://web.archive.org/web/20220611135213/https://openknowledge.worldbank.org/bitstream/handle/10986/37224/9781464818431.pdf">Full report</a> <a class="dropdown-item" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Foreword.pdf" 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class="wdr_analysis_span"> <h3 class="desc-heading">Foreword</h3> <div class="wdr-analysis-description">In his Foreword, WBG President David Malpass reflects on the danger the global economy is in again, just over two years after COVID-19 caused the deepest global recession since World War II. This time, he says, the global economy is "facing high inflation and slow growth at the same time. Even if a global recession is averted, the pain of stagflation could persist for several years—unless major supply increases are set in motion.”</div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Foreword.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Foreword.pdf">Download Foreword</a> </div> <div class="mrg-b-30"> </div> </div> </div> </div> </div> </div> </div> </section> </div> <div class="clearfix"></div> <script> $(document).ready(function() { var url = window.location.pathname; var isArabic = (url.indexOf("/ar/") > -1 || url.indexOf("/ar.") > -1); $indepth('.single-items').slick({ dots: true, infinite: true, speed: 300, slidesToShow: 1, adaptiveHeight: true, rtl:false }); }); </script> <script type="text/javascript"> $(document).ready(function() { $("span.wdr_analysis_span").each(function(){ var currentObj = $(this); $(this).find('.lessanalysis').find('a').on('click',function(e){ $(this).parent().hide(); currentObj.find('.moreanalysis').show(); var outerHeight = currentObj.parent().outerHeight(true); currentObj.parent().parent().parent().css('height',outerHeight+'px'); e.preventDefault(); }); $(this).find('.moreanalysis').find('a').on('click',function(e){ $(this).parent().hide(); currentObj.find('.lessanalysis').show(); var outerHeight = currentObj.parent().outerHeight(true); currentObj.parent().parent().parent().css('height',outerHeight+'px'); e.preventDefault(); }); }); }); </script> <style> .mrg-t-30 { /* margin-bottom: 10px; */ margin-top: 30px; } </style> </div> <div class="wdr_analysis section"> <div class="analysis-bg clearfix"> <section id="outlook" class="active"> <div class="container"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <div class="analysis-container"> <div class="slider single-items"> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://openknowledge.worldbank.org/bitstream/handle/10986/37224/Global-Economic-Prospects-June-2022-Global-Outlook.pdf "> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2022b-Chapter-1.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Global</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Spillovers from Russia’s invasion of Ukraine are hastening the deceleration of global economic activity, which is now expected to slow to 2.9 percent in 2022. The war is leading to high commodity prices, adding to supply disruptions, increasing food insecurity and poverty, exacerbating inflation, contributing to tighter financial conditions, magnifying financial vulnerability, and heightening policy uncertainty. The outlook is subject to various downside risks, including intensifying geopolitical tensions, growing stagflationary headwinds, rising financial instability, continuing supply strains, and worsening food insecurity. These risks underscore the importance of a forceful macroeconomic and structural policy response at the global and national levels. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Spillovers from Russia’s invasion of Ukraine are hastening the deceleration of global economic activity, which is now expected to slow to 2.9 percent in 2022. The war is leading to high commodity prices, adding to supply disruptions, increasing food insecurity and poverty, exacerbating inflation, contributing to tighter financial conditions, magnifying financial vulnerability, and heightening policy uncertainty. The outlook is subject to various downside risks, including intensifying geopolitical tensions, growing stagflationary headwinds, ris... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://openknowledge.worldbank.org/bitstream/handle/10986/37224/Global-Economic-Prospects-June-2022-Global-Outlook.pdf ">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Chapter-1-Highlights.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Chapter-1-Highlights.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-1-Charts-Data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-1-Charts-Data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-EAP.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2021a-EAP.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">East Asia and Pacific</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Growth in the East Asia and Pacific (EAP) region is projected to decelerate to 4.4 percent in 2022 as slower growth in China more than offsets a rebound in the rest of the region. The region has so far been affected less than the rest of the world by the spillovers from the Russian Federation’s invasion of Ukraine, in terms of both output and inflation; however, the war’s effects on commodity prices and global demand are expected to dampen the recovery, especially in commodity-importing economies. Downside risks to the outlook include a lingering pandemic and resulting mobility restrictions, financial stress triggered by tightening global financial conditions, larger-than-expected spillovers from the war, and disruptions from natural disasters. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Growth in the East Asia and Pacific (EAP) region is projected to decelerate to 4.4 percent in 2022 as slower growth in China more than offsets a rebound in the rest of the region. The region has so far been affected less than the rest of the world by the spillovers from the Russian Federation’s invasion of Ukraine, in terms of both output and inflation; however, the war’s effects on commodity prices and global demand are expected to dampen the recovery, especially in commodity-importing economies. Downside risks to the outlook include a linger... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Analysis-EAP.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-EAP.pdf">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Regional-Highlights-EAP.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Regional-Highlights-EAP.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-2-EAP-charts-data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-2-EAP-charts-data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-ECA.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2021a-ECA.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Europe and Central Asia</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> The Russian Federation’s invasion of Ukraine has triggered a humanitarian crisis in Ukraine, set back economic growth in Europe and Central Asia (ECA) and beyond, and heightened global geopolitical instability. The invasion has devastated Ukraine’s economy, while output in Russia plummeted. Output in ECA is forecast to shrink by around 3 percent in 2022, as the invasion and its repercussions reverberate through commodity and financial markets, trade and migration links, and business and consumer confidence. The largest regional spillovers of the war in Ukraine are likely to be through higher commodity prices and weaker external demand from the euro area. The invasion has increased the risks of widespread financial stress, a de-anchoring of inflation expectations, and food insecurity. A protracted war is likely to further heighten policy uncertainty and fragment regional trade and investment integration. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> The Russian Federation’s invasion of Ukraine has triggered a humanitarian crisis in Ukraine, set back economic growth in Europe and Central Asia (ECA) and beyond, and heightened global geopolitical instability. The invasion has devastated Ukraine’s economy, while output in Russia plummeted. Output in ECA is forecast to shrink by around 3 percent in 2022, as the invasion and its repercussions reverberate through commodity and financial markets, trade and migration links, and business and consumer confidence. The largest regional spillovers of th... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Analysis-ECA.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-ECA.pdf">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Regional-Highlights-ECA.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Regional-Highlights-ECA.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-2-ECA-charts-data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-2-ECA-charts-data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-LAC.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2021a-LAC.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Latin America and the Caribbean</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Growth in Latin America and the Caribbean (LAC) is forecast to slow sharply in 2022 and remain weak in the following two years. Elevated inflation, tighter financial conditions, and policy uncertainty are expected to take a toll domestically, while slowing growth in key export markets, U.S. monetary tightening and global supply bottlenecks impart negative spillovers to the region. The largest economies in LAC will be some of the slowest growing this year, dragging region-wide growth down to 2.5 percent. Growth is set to slow further in 2023 to just 1.9 percent. The Russian Federation’s invasion of Ukraine has raised prices for many regional exports, but is likely to have a negative net effect on growth in LAC via weaker global trade and increases in input costs and consumer prices. Recent high inflation is likely to extend monetary policy tightening cycles. Risks to the baseline projections are tilted to the downside, and include further shocks to global growth, domestic stagflation, financial stress, and social unrest linked to sharply higher prices for food and energy. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Growth in Latin America and the Caribbean (LAC) is forecast to slow sharply in 2022 and remain weak in the following two years. Elevated inflation, tighter financial conditions, and policy uncertainty are expected to take a toll domestically, while slowing growth in key export markets, U.S. monetary tightening and global supply bottlenecks impart negative spillovers to the region. The largest economies in LAC will be some of the slowest growing this year, dragging region-wide growth down to 2.5 percent. Growth is set to slow further in 2023 to ... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Analysis-LAC.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-LAC.pdf">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Regional-Highlights-LAC.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Regional-Highlights-LAC.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-2-LAC-charts-data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-2-LAC-charts-data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-MENA.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2021a-MENA.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Middle East and North Africa</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Output in the Middle East and North Africa region is expected to expand by 5.3 percent in 2022—0.9 percentage point above previous projections, in part reflecting higher oil prices. This would be the region’s fastest growth in a decade; however, this rebound is expected to be short-lived. The region faces a growing divide between oil exporters—which on net should benefit from elevated oil prices and high COVID-19 vaccination rates—and oil importers, which face higher food and energy prices, deteriorating external balances, and still limited vaccination rates. Risks to the outlook are predominantly to the downside, with drought conditions, policy uncertainty, new outbreaks of COVID-19, and geopolitical tensions threatening to raise prices further, erode real incomes, and aggravate social tensions. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Output in the Middle East and North Africa region is expected to expand by 5.3 percent in 2022—0.9 percentage point above previous projections, in part reflecting higher oil prices. This would be the region’s fastest growth in a decade; however, this rebound is expected to be short-lived. The region faces a growing divide between oil exporters—which on net should benefit from elevated oil prices and high COVID-19 vaccination rates—and oil importers, which face higher food and energy prices, deteriorating external balances, and still limited vac... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Analysis-MENA.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-MENA.pdf">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Regional-Highlights-MENA.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Regional-Highlights-MENA.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-2-MENA-charts-data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-2-MENA-charts-data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-SAR.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2021a-SAR.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">South Asia</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> South Asia has endured significant adverse spillovers from the Russian Federation’s invasion of Ukraine. Growth is expected to slow from 7.6 percent in 2021 to 6.8 percent in 2022—0.8 percentage points below previous projections. The external environment has worsened markedly, with soaring energy and agricultural prices, slowing global growth, and rising financing costs. While domestic conditions remain solid in many economies, Afghanistan is facing a humanitarian crisis and Sri Lanka is facing dual balance of payments and sovereign debt crises. Surging food costs in a region populated by more than one-third of the global poor and where one-fifth of calories come from wheat products pose significant challenges to poverty alleviation and food security. Downside risks to the outlook relate to adverse geopolitical developments, the possibility of even higher inflation, tighter financing conditions, the re-emergence of stress in the financial sector, and the resurgence of the COVID-19 pandemic, all in an environment of high debt levels and worsening current account positions. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> South Asia has endured significant adverse spillovers from the Russian Federation’s invasion of Ukraine. Growth is expected to slow from 7.6 percent in 2021 to 6.8 percent in 2022—0.8 percentage points below previous projections. The external environment has worsened markedly, with soaring energy and agricultural prices, slowing global growth, and rising financing costs. While domestic conditions remain solid in many economies, Afghanistan is facing a humanitarian crisis and Sri Lanka is facing dual balance of payments and sovereign debt crises... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Analysis-SAR.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-SAR.pdf">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Regional-Highlights-SAR.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Regional-Highlights-SAR.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-2-SAR-charts-data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-2-SAR-charts-data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Global and Regional Outlooks</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-SSA.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2021a-SSA.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Sub-Saharan Africa</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Growth in Sub-Saharan Africa (SSA) is projected to slow to 3.7 percent this year reflecting forecast downgrades in over 60 percent of regional economies. Price pressures, partly induced by the Russian Federation’s invasion of Ukraine, are sharply reducing food affordability and real incomes across the region. At just above 1 percent, per capita income growth in SSA is projected to remain much lower than in other EMDEs. More people in SSA are expected to fall into extreme poverty, especially in countries reliant on imports of foods and fuel. Fiscal space is narrowing further as governments ramp up spending on subsidies, support to farmers, and, in some countries, security. However, the impact of the war will vary across countries, as elevated commodity prices will help soften the damaging effects of high inflation in some large commodity exporters. Among the risks to the forecast, prolonged disruptions to food supply across the region could significantly increase poverty, hunger, and malnutrition, while persistent inflation could ignite stagflation risks and further limit policy space to support recoveries. Elevated cost of living could increase the risk of social unrest, especially in low-income countries. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Growth in Sub-Saharan Africa (SSA) is projected to slow to 3.7 percent this year reflecting forecast downgrades in over 60 percent of regional economies. Price pressures, partly induced by the Russian Federation’s invasion of Ukraine, are sharply reducing food affordability and real incomes across the region. At just above 1 percent, per capita income growth in SSA is projected to remain much lower than in other EMDEs. More people in SSA are expected to fall into extreme poverty, especially in countries reliant on imports of foods and fuel. Fis... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Analysis-SSA.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Analysis-SSA.pdf">Outlook</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Regional-Highlights-SSA.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Regional-Highlights-SSA.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:zip" data-text="GEP-June-2022-Chapter-2-SSA-charts-data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Chapter-2-SSA-charts-data.zip">Charts and Data</a> </div> <div class="mrg-b-30"> </div> </div> </div> </div> </div> </div> </div> </section> </div> <div class="clearfix"></div> <script> $(document).ready(function() { var url = window.location.pathname; var isArabic = (url.indexOf("/ar/") > -1 || url.indexOf("/ar.") > -1); $indepth('.single-items').slick({ dots: true, infinite: true, speed: 300, slidesToShow: 1, adaptiveHeight: true, rtl:false }); }); </script> <script type="text/javascript"> $(document).ready(function() { $("span.wdr_analysis_span").each(function(){ var currentObj = $(this); $(this).find('.lessanalysis').find('a').on('click',function(e){ $(this).parent().hide(); currentObj.find('.moreanalysis').show(); var outerHeight = currentObj.parent().outerHeight(true); currentObj.parent().parent().parent().css('height',outerHeight+'px'); e.preventDefault(); }); $(this).find('.moreanalysis').find('a').on('click',function(e){ $(this).parent().hide(); currentObj.find('.lessanalysis').show(); var outerHeight = currentObj.parent().outerHeight(true); currentObj.parent().parent().parent().css('height',outerHeight+'px'); e.preventDefault(); }); }); }); </script> <style> .mrg-t-30 { /* margin-bottom: 10px; */ margin-top: 30px; } </style> </div> <div class="wdr_analysis section"> <div class="analysis-bg clearfix"> <section id="analysis" class="active"> <div class="container"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <div class="analysis-container"> <div class="slider single-items"> <div>  <h3>Two Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Topical-Issue-1.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2022b-Topical-Issue-1-156x202.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Global Stagflation</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and soaring food and energy prices, especially since the Russian Federation’s invasion of Ukraine. Markets expect inflation to peak in mid-2022 and then decline, but to remain elevated even after these shocks subside and monetary policies are tightened further. Global growth has been moving in the opposite direction: it has declined sharply since the beginning of the year and, for the remainder of this decade, is expected to remain below the average of the 2010s. In light of these developments, the risk of stagflation—a combination of high inflation and sluggish growth—has risen. The recovery from the stagflation of the 1970s required steep increases in interest rates by major advanced-economy central banks to quell inflation, which triggered a global recession and a string of financial crises in emerging market and developing economies (EMDEs). If current stagflationary pressures intensify, EMDEs would likely face severe challenges again because of their less well-anchored inflation expectations, elevated financial vulnerabilities, and weakening growth fundamentals. This makes it urgent for EMDEs to shore up their fiscal and external buffers, strengthen their monetary policy frameworks, and implement reforms to reinvigorate growth. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and soaring food and energy prices, especially since the Russian Federation’s invasion of Ukraine. Markets expect inflation to peak in mid-2022 and then decline, but to remain elevated even after these shocks subside and monetary policies are tightened further. Global growth has been moving in the opposite direction: it has declined sharply since the beginning of the year and, for the remainder of this decade, is expected to remain bel... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Topical-Issue-1.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Topical-Issue-1.pdf">Chapter</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Topical-Issue-1-highlights.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Topical-Issue-1-highlights.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="GEP-June-2022-SF1.xlsx" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-SF1.xlsx">Charts</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Two Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Topical-Issue-2.pdf"> <img class="img-responsive" src="/web/20220611135213im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2022b-Topical-Issue-2-156x202.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Russia’s Invasion of Ukraine: Implications for Energy Markets and Activity</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> The Russian Federation’s invasion of Ukraine has disrupted global energy markets and damaged the global economy. Compared to the 1970s, the shock has led to a surge in prices across a broader set of energy-related commodities. In energy-importing economies, higher prices will reduce real disposable incomes, raise production costs, tighten financial conditions, and constrain policy space. Some energy exporters may benefit from improved terms of trade and higher commodities production. However, on net, model-based estimates suggest that the war-driven surge in energy prices could reduce global output by 0.8 percent after two years. The experience of previous oil price shocks has shown that these can provide an important catalyst for policies to encourage demand reduction, the substitution to other fuels, and the development of new sources of energy supply. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> The Russian Federation’s invasion of Ukraine has disrupted global energy markets and damaged the global economy. Compared to the 1970s, the shock has led to a surge in prices across a broader set of energy-related commodities. In energy-importing economies, higher prices will reduce real disposable incomes, raise production costs, tighten financial conditions, and constrain policy space. Some energy exporters may benefit from improved terms of trade and higher commodities production. However, on net, model-based estimates suggest that the war-d... <a href="" class="analysis_morelink ">See More <i class="fa fa-plus"></i></a> </div> </span> <div class="wdr-btn mrg-t-30"> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Topical-Issue-2.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Topical-Issue-2.pdf">Chapter</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2022-Topical-Issue-2-highlights.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-Topical-Issue-2-highlights.pdf">Highlights</a> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="GEP-June-2022-SF2.xlsx" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-SF2.xlsx">Charts</a> </div> <div class="mrg-b-30"> </div> </div> </div> </div> </div> </div> </div> </section> </div> <div class="clearfix"></div> <script> $(document).ready(function() { var url = window.location.pathname; var isArabic = (url.indexOf("/ar/") > -1 || url.indexOf("/ar.") > -1); $indepth('.single-items').slick({ dots: true, infinite: true, speed: 300, slidesToShow: 1, adaptiveHeight: true, rtl:false }); }); </script> <script type="text/javascript"> $(document).ready(function() { $("span.wdr_analysis_span").each(function(){ var currentObj = $(this); $(this).find('.lessanalysis').find('a').on('click',function(e){ $(this).parent().hide(); currentObj.find('.moreanalysis').show(); var outerHeight = currentObj.parent().outerHeight(true); currentObj.parent().parent().parent().css('height',outerHeight+'px'); e.preventDefault(); 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href="https://web.archive.org/web/20220611135213/https://openknowledge.worldbank.org/bitstream/handle/10986/37224/9781464818431.pdf">Full report (PDF, 11.2MB)</a> </span> <span><a data-customlink="fd:body content:en:zip" data-text="Global-Economic-Prospects-June-2022-All-Charts-Data.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/Global-Economic-Prospects-June-2022-All-Charts-Data.zip">All Charts and Data (Zip, 3.3MB)</a> </span> <span><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-June-2022-Presentation.pptx ">Presentation (PPT, 3.0MB)</a> </span> </li> <li class="lang-links"> <ul> <li>Press release: </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.worldbank.org/en/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">English </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.albankaldawli.org/ar/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets"> العربية </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.shihang.org/zh/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">中文 </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.banquemondiale.org/fr/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">Français </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.worldbank.org/ja/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">日本語 </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.worldbank.org/pt/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">Português </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.vsemirnyjbank.org/ru/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">Русский </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.bancomundial.org/es/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">Español </a> </li> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.worldbank.org/uk/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">Ukrainian </a> </li> </ul> </li> </ul> </div> <div class="download-files col-lg-9 col-md-9 col-xs-12"> <ul> <li class="text-center wdr-btn"> <div class="dropdown btn-group"> <button class="btn btn-downloads dropdown-toggle" type="button" data-toggle="dropdown" aria-haspopup="true" aria-expanded="true">Press release<i class="fa fa-chevron-down"></i></button> <ul class="dropdown-menu width100" role="menu" id="download-file"> <li><a data-customlink="nl:body content" href="https://web.archive.org/web/20220611135213/https://www.worldbank.org/en/news/press-release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets">June 2022</a></li> <li><a data-customlink="nl:body content" 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href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-June-2014.pdf">June 2014</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-January-2014.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-January-2014.pdf">January 2014</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2013.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-June-2013.pdf">June 2013</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-January-2013.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-January-2013.pdf">January 2013</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2012.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-June-2012.pdf">June 2012</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-January-2012.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-January-2012.pdf">January 2012</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2011.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-June-2011.pdf">June 2011</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-January-2011.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-January-2011.pdf">January 2011</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2010.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-June-2010.pdf">June 2010</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-January-2010.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-January-2010.pdf">January 2010</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2009.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2009.pdf">2009</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2008.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2008.pdf">2008</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2007.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2007.pdf">2007</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2006.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2006.pdf">2006</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2005.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2005.pdf">2005</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2004.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2004.pdf">2004</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2003.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2003.pdf">2003</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2002.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2002.pdf">2002</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2001.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2001.pdf">2001</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-2000.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-2000.pdf">2000</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1998-99.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1998-99.pdf">1998-99</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1997.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1997.pdf">1997</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1996.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1996.pdf">1996</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1995.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1995.pdf">1995</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1994.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1994.pdf">1994</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1993.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1993.pdf">1993</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1992.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/related/Global-Economic-Prospects-1992.pdf">1992</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-1991.pdf" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/4aa0b654ecdbaf8302d5901aaada3fbf-0350012021/original/Global-Economic-Prospects-1991.pdf">1991</a></li> </ul> </div> <div class="dropdown btn-group"> <button class="btn btn-downloads dropdown-toggle" type="button" data-toggle="dropdown" aria-haspopup="true" aria-expanded="true">GDP Forecasts<i class="fa fa-chevron-down"></i></button> <ul class="dropdown-menu width100" role="menu" id="download-file"> <li><a data-customlink="fd:body content:en:zip" data-text="GEP-GDP-growth-2020-2022.zip" href="https://web.archive.org/web/20220611135213/https://thedocs.worldbank.org/en/doc/18ad707266f7740bced755498ae0307a-0350012022/related/GEP-GDP-growth-2020-2022.zip">       2020-2022 (zip)</a></li> <li><a data-customlink="fd:body content:en:zip" data-text="GEP-GDP-growth-2015-2019.zip" 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