Global Economic Prospects

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}); }); </script> <style> /*Link in breadcrumb issue START - Ravi*/ .breadcrumb-section .page-title a { color: #fff; } /*Link in breadcrumb issue END - Ravi*/ </style> </div> <div class="mob-container container hidden-lg hidden-md"> <button type="button" class="left-navigation navbar-toggle" data-toggle="collapse" data-target="#wdr-navbar-mob-collapse"> <a class="navbar-brand leftnav-brand">Report Sections</a> <a><span class="left-nav-arrow-box"><i class="fa fa-chevron-down"></i></span></a> </button> <nav id="wdr-navbar-mob-collapse" class="nav navbar-nav collapse navbar-collapse hidden-lg hidden-md "> <div aria-expanded="false" class="nav navbar-nav" style="background: #;"> <ul> <li><a class="page-scroll" title="OVERVIEW" href="#overview">OVERVIEW</a></li> <li><a class="page-scroll" title="GLOBAL OUTLOOK" href="#outlook">GLOBAL OUTLOOK</a></li> <li><a class="page-scroll" title="REGIONAL OUTLOOKS" href="#regional">REGIONAL OUTLOOKS</a></li> <li><a class="page-scroll" title="TOPICAL ISSUES" href="#analysis">TOPICAL ISSUES</a></li> <li><a class="page-scroll" title="DATA" href="#data">DATA</a></li> <li><a class="page-scroll" title="DOWNLOADS" href="#downloads">DOWNLOADS</a></li> </ul> </div> </nav> </div> <div class="container"> <div class="wdr-banner-header"> <h1 style="color:FFFFFF;">Global Economic Prospects</h1> </div> </div> <nav class="navbar navbar-default nav-fixed-top navbar-collapse hidden-sm hidden-xs" id="wdr-navmenu"> <div class="navbar-header logo-navmenu hidden-xs hidden-sm" style="display: none;"> <a href="https://web.archive.org/web/20200628063737/http://www.worldbank.org/" class="navbar-brand logo-img"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/logo/logo-en.svg" class="img-responsive" title="The World Bank Working for a World Free of Poverty" alt="The World Bank Working for a World Free of Poverty"> </a> <div class="divider hidden-sm hidden-xs"></div> <div class="navbar-text hidden-sm hidden-xs page-top" style="color:#FFFFFF;">Global Economic Prospects</div> </div> <div class="container"> <div class="navbar-header page-scroll">  <button type="button" class="navbar-toggle" data-toggle="collapse" data-target="#wdr-navbar-collapse"> <span class="sr-only">Toggle navigation</span> <span class="icon-bar"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> </button> <a href="https://web.archive.org/web/20200628063737/http://www.worldbank.org/" class="navbar-brand logo-img hidden-lg hidden-md hidden-sm"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/logo/logo-wb-header-en.svg" class="img-responsive" title="The World Bank Working for a World Free of Poverty" alt="The World Bank Working for a World Free of Poverty"/> </a> </div> <div aria-expanded="false" id="wdr-navbar-collapse" class="nav navbar-nav navbar-right"> <ul> <li><a class="page-scroll" style="color:#FFFFFF" title="OVERVIEW" href="#overview">OVERVIEW</a></li> <li><a class="page-scroll" style="color:#FFFFFF" title="GLOBAL OUTLOOK" href="#outlook">GLOBAL OUTLOOK</a></li> <li><a class="page-scroll" style="color:#FFFFFF" title="REGIONAL OUTLOOKS" href="#regional">REGIONAL OUTLOOKS</a></li> <li><a class="page-scroll" style="color:#FFFFFF" title="TOPICAL ISSUES" href="#analysis">TOPICAL ISSUES</a></li> <li><a class="page-scroll" style="color:#FFFFFF" title="DATA" href="#data">DATA</a></li> <li><a class="page-scroll" style="color:#FFFFFF" title="DOWNLOADS" href="#downloads">DOWNLOADS</a></li> </ul> </div> </div>  </nav> </div> <script> var title = $(".wdr-banner-header h1").html(); 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></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>Pandemic, Recession: The Global Economy in Crisis</h3> <div class="mrg-b-30"> <span class="hidden-xs hidden-sm"><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/33748/9781464815539.pdf"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Front-Cover.jpg" alt="Image"/> </a> </p></span> <div class="hidden-md hidden-lg"> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/33748/9781464815539.pdf"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Front-Cover.jpg" alt="Image"/> </a> <span class="wdr_banner_desc bannermore" data-textcountbanner="850">COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic will result in contractions across the vast majority of emerging market and developing economies. It will also do lasting damage to labor productivity and potential output. The immediate policy priorities are to alleviate the human costs and attenuate the near-term economic losses. Once the crisis abates, it will be necessary to reaffirm a credible commitment to sustainable policies and undertake the reforms necessary to buttress long-term prospects. Global coordination and cooperation will be critical. </span></div> <div class="hidden-xs hidden-sm"> <div class="textcontent" style="display:none">COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic will result in contractions across the vast majority of emerging market and developing economies. It will also do lasting damage to labor productivity and potential output. The immediate policy priorities are to alleviate the human costs and attenuate the near-term economic losses. Once the crisis abates, it will be necessary to reaffirm a credible commitment to sustainable policies and undertake the reforms necessary to buttress long-term prospects. Global coordination and cooperation will be critical. </div> <div class="wdr_banner_desc bannermore" data-textcountbanner="850">COVID-19 has triggered the deepest global recession in decades. While the ultimate outcome is still uncertain, the pandemic will result in contractions across the vast majority of emerging market and developing economies. It will also do lasting damage to labor productivity and potential output. The immediate policy priorities are to alleviate the human costs and attenuate the near-term economic losses. Once the crisis abates, it will be necessary to reaffirm a credible commitment to sustainable policies and undertake the reforms necessary to buttress long-term prospects. 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isArabic = (url.indexOf("/ar/") > -1 || url.indexOf("/ar.") > -1); // isArabic = false; $indepth('.multi-items-indepth').slick({ slidesToShow: 4, slidesToScroll: 1, arrows:true, asNavFor: '.slider-for', dots: false, centerMode: false, focusOnSelect: true, infinite:false, rtl:isArabic, infinite: true, responsive: [ { breakpoint: 1024, settings: { arrows:true, slidesToShow: 4, slidesToScroll: 1, asNavFor: '.slider-for', dots: false, centerMode: false, focusOnSelect: true, rtl:isArabic } }, { breakpoint: 991, settings: { slidesToShow: 2, slidesToScroll: 1, asNavFor: '.slider-for', dots: false, centerMode: false, focusOnSelect: true, rtl:isArabic } }, { breakpoint: 640, settings: { slidesToShow: 1, slidesToScroll: 1, asNavFor: '.slider-for', dots: false, centerMode: false, focusOnSelect: true, rtl:isArabic } } ] }); }); </script> </div> <div class="c14v1_static_content section"> <section id="outlook"> <div class="c14v1-body c14v1-body-text flipboard-keep "> <h4 style="text-align: center;">Global Outlook</h4> <p><a href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/33748/211553-Ch01.pdf"><div class="c02v2-body" style="float: left;"><div class=" c02v2-small-size"><div class="c02v2-ver-small"><img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Chapter-1.jpg" class="img-responsive" alt="Image" title="Image"></div><a href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/267761588788282656/Global-Economic-Prospects-June-2020-Highlights-Chapter-1.pdf"><span class="c02v2-caption">Download highlights</span></a></div></div></a></p> <p>COVID-19 has delivered an enormous global shock, leading to steep recessions in many countries. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020—the deepest global recession in decades. Per capita incomes in most emerging and developing economies will shrink this year. The pandemic highlights the urgent need for policy action to cushion its consequences, protect vulnerable populations, and improve countries’ capacity to cope with similar future events. It is also critical to address the challenges posed by informality and limited safety nets and undertake reforms that enable strong and sustainable growth.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tbody><tr><td><p><span><a href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/33748/211553-Ch01.pdf"> <div class="c02v2-body" style="float: right; margin-right: -15px; margin-left: 15px;"><div class=" c02v2-hor-size"><div class="c02v2-hor"><img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-download-button-1.jpg" class="img-responsive" alt="Image" title="Image"></div></div></div></p> </td> <td><a href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/202931542816267401/Global-Economic-Prospects-Jan-2019-GDP-growth-data.xlsx"> </a></td> <td><a href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/311311588785621086/Global-Economic-Prospects-June-2020-Chapter-1-Charts.zip"> <div class="c02v2-body" style="float: right; margin-right: -15px; margin-left: 15px;"><div class=" c02v2-hor-size"><div class="c02v2-hor"><img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-download-button-4.jpg" class="img-responsive" alt="Image" title="Image"></div></div></div></a></td> <td><a href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/400631588785001198/Global-Economic-Prospects-June-2020-GDP-growth-data.xlsx"> <div class="c02v2-body" style="float: right; margin-right: -15px; margin-left: 15px;"><div class=" c02v2-hor-size"><div class="c02v2-hor"><img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-download-button-3.jpg" class="img-responsive" alt="Image" title="Image"></div></div></div></a><br> </td> <td> </td> </tr></tbody></table> <p> </p> </div> </section> <div class="clearfix"></div> <script type="text/javascript"> $(document).ready(function(){ $(".c14v1-body table").find("td").find("div.c02v2-full").closest("td").addClass("width30"); }); </script> <style> .c02v2-body .c02v2-hor-size { margin-right: 15px; } </style></div> <div class="wdr_accordion parbase section"> <div class="regional"> <section id="regional" class=""> <div class="regional-bg"> <div class="container"> <div class="regional-wrapper"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <h3>Regional Outlooks</h3> <p><p>The rapid rise of COVID-19 cases, together with the wide range of measures to slow the spread of the virus, has slowed economic activity precipitously in many EMDEs. Growth forecasts for all regions have been severely downgraded. Many countries have avoided more adverse outcomes through sizable fiscal and monetary policy support. Despite these measures, per capita incomes in all EMDE regions are expected to contract in 2020, likely causing many millions to fall back into poverty.</p> </p> <div class="regional-list"> <ul id="wdraccordion1617"> <li class="accordion-content"> <div class="media"> <div class="media-left"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/flagship/east-asia.png" class="regional-img-53" alt="Image"> </div> <div class="media-body content-type" style="width:100%;"> <h4>East Asia and Pacific</h4> <a class="accordionlink" data-toggle="collapse" data-parent="#wdraccordion1617" href="#firstLink01617"><i class="fa fa-chevron-down"></i></a> </div> <div id="firstLink01617" class="collapse accordion-pane acccollapsed collapse-content"> <div class=" content-type"> <div class="mrg-t-10 blurb-text">Growth in the region is projected to fall to 0.5% in 2020, the lowest rate since 1967, reflecting disruptions caused by the pandemic. China is expected to slow to 1% this year and rebound to 6.9 percent in 2021 as activity gradually normalizes there and as lockdowns are lifted around the world. Economic activity in the rest of East Asia and Pacific is forecast to contract by 1.2 percent in 2020 before rebounding to 5.4 percent in 2021. Among major economies of the region, Malaysia (-3.1%), the Philippines (-1.9%), and Thailand (-5%) are forecast to experience the biggest contractions this year.</div> <div class="wdr-btn mrg-t-30"> <div class="clearfix"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Analysis-EAP.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/667991588788067485/Global-Economic-Prospects-June-2020-Analysis-EAP.pdf" tabindex="0">Download Chapter</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Regional-Overview-EAP.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/973201588788003529/Global-Economic-Prospects-June-2020-Regional-Overview-EAP.pdf" tabindex="0">Download Highlights</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="Global-Economic-Prospects-June-2020-EAP-data.xlsx" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/827701588785037587/Global-Economic-Prospects-June-2020-EAP-data.xlsx" tabindex="0">Download Data</a> </div></div> <div class="mrg-b-30"> </div> <div class="accordion_0 parsys"> </div> </div> </div> </li> <li class="accordion-content"> <div class="media"> <div class="media-left"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/flagship/europe.png" class="regional-img-53" alt="Image"> </div> <div class="media-body content-type" style="width:100%;"> <h4>Europe and Central Asia</h4> <a class="accordionlink" data-toggle="collapse" data-parent="#wdraccordion1617" href="#firstLink11617"><i class="fa fa-chevron-down"></i></a> </div> <div id="firstLink11617" class="collapse accordion-pane acccollapsed collapse-content"> <div class=" content-type"> <div class="mrg-t-10 blurb-text">The regional economy is forecast to contract by 4.7%, with recessions in nearly all countries. The Russian Federation’s economy is forecast to contract by 6.0% this year, reflecting a jump in COVID-19 cases and the collapse in oil prices. Turkey’s economy is anticipated to shrink by 3.8% this year, subject to a drop in investment and shutdowns. Economic activity is expected to contract in every sub-region in 2020 as outbreaks of the virus constrain private consumption and investment: Central Europe by 5%; Western Balkans by 3.2%; South Caucasus by 3.1%; Eastern Europe by 3.6%; and Central Asia by 1.7%.</div> <div class="wdr-btn mrg-t-30"> <div class="clearfix"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Analysis-ECA.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/825681588788164258/Global-Economic-Prospects-June-2020-Analysis-ECA.pdf" tabindex="0">Download Chapter</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Regional-Overview-ECA.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/344691588788182868/Global-Economic-Prospects-June-2020-Regional-Overview-ECA.pdf" tabindex="0">Download Highlights</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="Global-Economic-Prospects-June-2020-ECA-data.xlsx" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/895531588784909780/Global-Economic-Prospects-June-2020-ECA-data.xlsx" tabindex="0">Download Data</a> </div></div> <div class="mrg-b-30"> </div> <div class="accordion_1 parsys"> </div> </div> </div> </li> <li class="accordion-content"> <div class="media"> <div class="media-left"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/flagship/latin-americ.png" class="regional-img-53" alt="Image"> </div> <div class="media-body content-type" style="width:100%;"> <h4>Latin America and the Caribbean</h4> <a class="accordionlink" data-toggle="collapse" data-parent="#wdraccordion1617" href="#firstLink21617"><i class="fa fa-chevron-down"></i></a> </div> <div id="firstLink21617" class="collapse accordion-pane acccollapsed collapse-content"> <div class=" content-type"> <div class="mrg-t-10 blurb-text">The shocks stemming from the pandemic will cause regional economic activity to plunge by 7.2% in 2020. Brazil’s economy is projected to shrink by 8% due to lockdowns, plunging investment, supply chain disruptions, and soft global commodity prices. Mexico’s economy, hit by tighter financing conditions, the plunge in oil prices, the halt in tourism, and mobility restrictions, is on track to contract by 7.5%. Economic activity in Argentina is forecast to decline by 7.3%, reflecting stringent mitigation measures, lower external demand, and the impacts of uncertainty related to ongoing debt negotiations. Central America’s economy is projected to shrink by 3.6% and the Caribbean is anticipated to contract by 1.8%, and by 3.1% excluding Guyana, where the offshore oil industry is developing rapidly. </div> <div class="wdr-btn mrg-t-30"> <div class="clearfix"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Analysis-LAC.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/538491588787962322/Global-Economic-Prospects-June-2020-Analysis-LAC.pdf" tabindex="0">Download Chapter</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Regional-Overview-LAC.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/876791588788341170/Global-Economic-Prospects-June-2020-Regional-Overview-LAC.pdf" tabindex="0">Download Highlights</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="Global-Economic-Prospects-June-2020-LAC-data.xlsx" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/823491588785014681/Global-Economic-Prospects-June-2020-LAC-data.xlsx" tabindex="0">Download Data</a> </div></div> <div class="mrg-b-30"> </div> <div class="accordion_2 parsys"> </div> </div> </div> </li> <li class="accordion-content"> <div class="media"> <div class="media-left"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/flagship/middle-east.png" class="regional-img-53" alt="Image"> </div> <div class="media-body content-type" style="width:100%;"> <h4>Middle East and North Africa</h4> <a class="accordionlink" data-toggle="collapse" data-parent="#wdraccordion1617" href="#firstLink31617"><i class="fa fa-chevron-down"></i></a> </div> <div id="firstLink31617" class="collapse accordion-pane acccollapsed collapse-content"> <div class=" content-type"> <div class="mrg-t-10 blurb-text">Economic activity in the Middle East and North Africa is forecast to contract 4.2% as a result of the pandemic and oil market developments. Iran is expected to contract 5.3%, the third year of contraction in a row. In many oil exporters, growth will be significantly constrained by policy cuts in oil production. In Gulf Cooperation Council (GCC) countries (-4.1%), low oil prices and uncertainty related to outbreaks of the virus will further weigh on non-oil activity. Economic activity among oil importers is expected to contract by 0.8% in 2020, as tourism and exports decline.</div> <div class="wdr-btn mrg-t-30"> <div class="clearfix"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Analysis-MENA.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/950801588788414569/Global-Economic-Prospects-June-2020-Analysis-MENA.pdf" tabindex="0">Download Chapter</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Regional-Overview-MENA.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/638331588788199341/Global-Economic-Prospects-June-2020-Regional-Overview-MENA.pdf" tabindex="0">Download Highlights</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="Global-Economic-Prospects-June-2020-MENA-data.xlsx" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/386191588784970163/Global-Economic-Prospects-June-2020-MENA-data.xlsx" tabindex="0">Download Data</a> </div></div> <div class="mrg-b-30"> </div> <div class="accordion_3 parsys"> </div> </div> </div> </li> <li class="accordion-content"> <div class="media"> <div class="media-left"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/flagship/south-asia.png" class="regional-img-53" alt="Image"> </div> <div class="media-body content-type" style="width:100%;"> <h4>South Asia</h4> <a class="accordionlink" data-toggle="collapse" data-parent="#wdraccordion1617" href="#firstLink41617"><i class="fa fa-chevron-down"></i></a> </div> <div id="firstLink41617" class="collapse accordion-pane acccollapsed collapse-content"> <div class=" content-type"> <div class="mrg-t-10 blurb-text">GDP in the region is projected to contract by 2.7% in 2020 as pandemic mitigation measures hinder consumption and services activity and uncertainty about the course of the pandemic chills private investment. In India, growth is estimated to have slowed to 4.2% in FY 2019/20, which ended in March 2020. Output is projected to contract by 3.2% in FY 2020/21, when the impact of the pandemic will largely hit. Pakistan (-2.6% in FY 2019/20) and Afghanistan (-5.5%) are both projected to experience contractions, as mitigation measures are anticipated to weigh heavily on activity. Growth in Bangladesh (1.6% in FY 2019/20) and Nepal (1.8% in FY 2019/20) is expected to decelerate markedly due to pandemic-related disruptions including mitigation measures and sharp falls in exports and remittance inflows.</div> <div class="wdr-btn mrg-t-30"> <div class="clearfix"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Analysis-SAR.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/392371588788025001/Global-Economic-Prospects-June-2020-Analysis-SAR.pdf" tabindex="0">Download Chapter</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Regional-Overview-SAR.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/389601588787976753/Global-Economic-Prospects-June-2020-Regional-Overview-SAR.pdf" tabindex="0">Download Highlights</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="Global-Economic-Prospects-June-2020-SAR-data.xlsx" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/825941588784922658/Global-Economic-Prospects-June-2020-SAR-data.xlsx" tabindex="0">Download Data</a> </div></div> <div class="mrg-b-30"> </div> <div class="accordion_4 parsys"> </div> </div> </div> </li> <li class="accordion-content"> <div class="media"> <div class="media-left"> <img src="/web/20200628063737im_/https://www.worldbank.org/content/dam/wbr/flagship/afr.png" class="regional-img-53" alt="Image"> </div> <div class="media-body content-type" style="width:100%;"> <h4>Sub-Saharan Africa</h4> <a class="accordionlink" data-toggle="collapse" data-parent="#wdraccordion1617" href="#firstLink51617"><i class="fa fa-chevron-down"></i></a> </div> <div id="firstLink51617" class="collapse accordion-pane acccollapsed collapse-content"> <div class=" content-type"> <div class="mrg-t-10 blurb-text">Economic activity in the region is on course to contract by 2.8% in 2020, the deepest on record. The economy of Nigeria is expected to shrink by 3.2% this year, given the collapse in prices for oil. South Africa’s output is forecast to contract 7.1% this year, the deepest contraction in a century, as stringent but necessary containment measures curtail economic activity. Economic activity among commodity importing economies is anticipated to shrink this year despite lower oil prices, as international travel restrictions weigh on tourist visits. Industrial commodity exporters’ GDP is similarly anticipated to contract in 2020 as domestic disruptions are compounded by low prices for oil and metals. Agricultural commodity exporters are also expected to experience a collapse in economic activity this year as foreign direct investment and tighter financial conditions delay investment. </div> <div class="wdr-btn mrg-t-30"> <div class="clearfix"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Analysis-SSA.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/232931588788046902/Global-Economic-Prospects-June-2020-Analysis-SSA.pdf" tabindex="0">Download Chapter</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Regional-Overview-SSA.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/888831588788355661/Global-Economic-Prospects-June-2020-Regional-Overview-SSA.pdf" tabindex="0">Download Highlights</a> <div class="hidden-lg hidden-md" style="margin:15px;"></div> <a class="white-btn" data-customlink="fd:body content:en:xlsx" data-text="Global-Economic-Prospects-June-2020-SSA-data.xlsx" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/859641588785056466/Global-Economic-Prospects-June-2020-SSA-data.xlsx" tabindex="0">Download Data</a> </div></div> <div class="mrg-b-30"> </div> <div class="accordion_5 parsys"> </div> </div> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </section> </div> <script> $(document).ready(function(){ $(".regional-list").find(".forecasts-bg").css("background","none"); $(".regional-list").find(".forecasts-bg").find(".container").css("width","auto").css("padding","0"); $("div.regional-list ul#wdraccordion1617").each(function(){ $(this).find("li").find('.accordionlink').on('click',function(){ var cssClass = $(this).find("i").attr('class'); if(cssClass.indexOf("fa-chevron-down") != -1) { $(this).find(".fa-chevron-down").removeClass("fa-chevron-down").addClass("fa-chevron-up"); $(this).parent().parent().find('.collapse').removeClass("acccollapsed"); $(this).parent().parent().find('.collapse').addClass("accexpanded"); } else { $(this).find(".fa-chevron-up").removeClass("fa-chevron-up").addClass("fa-chevron-down"); $(this).parent().parent().find('.collapse').addClass("acccollapsed"); $(this).parent().parent().find('.collapse').removeClass("accexpanded"); } }); }); }); </script> <style> .media > .accexpanded { display: block; left: 0px; position: relative; height: auto; } .media > .acccollapsed { display: none; left: -9999px; position: absolute; height: 0px; } .regional-wrapper .regional-list .content-type .blurb-text, .textcontent, .shortcontent { float: none; } </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>Five Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/112641588788257004/Global-Economic-Prospects-June-2020-Topical-Issue-1.pdf"> <img class="img-responsive" src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Chapter-3.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Lasting Scars of the COVID-19 Pandemic</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> The COVID-19 pandemic has struck a devastating blow to an already-fragile global economy. Lockdowns and other restrictions needed to address the public health crisis, together with spontaneous reductions in economic activity by many consumers and producers, constitute an unprecedented combination of adverse shocks that is causing deep recessions in many advanced economies and emerging market and developing economies (EMDEs). Those EMDEs that have weak health systems; those that rely heavily on global trade, tourism, or remittances from abroad; and those that depend on commodity exports will be particularly hard-hit. Beyond its short-term impact, deep recessions triggered by the pandemic are likely to leave lasting scars through multiple channels, including lower investment; erosion of the human capital of the unemployed; and a retreat from global trade and supply linkages. These effects may well lower potential growth and labor productivity in the longer term. Immediate policy measures should support health care systems and moderate the short-term impact of the pandemic on activity and employment. In addition, a comprehensive reform drive is needed to reduce the adverse impact of the pandemic on long-term growth prospects by improving governance and business environments, and expanding investment in education and public health. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> The COVID-19 pandemic has struck a devastating blow to an already-fragile global economy. Lockdowns and other restrictions needed to address the public health crisis, together with spontaneous reductions in economic activity by many consumers and producers, constitute an unprecedented combination of adverse shocks that is causing deep recessions in many advanced economies and emerging market and developing economies (EMDEs). Those EMDEs that have weak health systems; those that rely heavily on global trade, tourism, or remittances from abroad; ... <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-2020-Topical-Issue-1.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/112641588788257004/Global-Economic-Prospects-June-2020-Topical-Issue-1.pdf">Download File</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Topical-Issue-1-highlights.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/229101588788082652/Global-Economic-Prospects-June-2020-Topical-Issue-1-highlights.pdf">Download Highlights</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Five Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/372581588788369195/Global-Economic-Prospects-June-2020-Topical-Issue-2.pdf"> <img class="img-responsive" src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Chapter-4.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Adding Fuel to the Fire: Cheap Oil in the Pandemic</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> The outbreak of COVID-19 and the wide-ranging measures needed to slow its advance have precipitated an unprecedented collapse in oil demand, a surge in oil inventories, and, in March, the steepest one-month decline in oil prices on record. In the context of the current restrictions on a broad swath of economic activity, low oil prices are unlikely to do much to buffer the effects of the pandemic, but they may provide some initial support for a recovery once these restrictions begin to be lifted. Like other countries, energy-exporting emerging market and developing economies (EMDEs) face an unprecedented public health crisis, but their fiscal positions were already strained even before the recent collapse in oil revenues. To help retain access to market-based financing for fiscal support programs, these EMDEs will need to make credible commitments to a sustainable medium-term fiscal position. For some of them, current low oil prices provide an opportunity to implement energy-pricing policies that yield efficiency and fiscal gains over the medium term. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> The outbreak of COVID-19 and the wide-ranging measures needed to slow its advance have precipitated an unprecedented collapse in oil demand, a surge in oil inventories, and, in March, the steepest one-month decline in oil prices on record. In the context of the current restrictions on a broad swath of economic activity, low oil prices are unlikely to do much to buffer the effects of the pandemic, but they may provide some initial support for a recovery once these restrictions begin to be lifted. Like other countries, energy-exporting emerging m... <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-2020-Topical-Issue-2.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/372581588788369195/Global-Economic-Prospects-June-2020-Topical-Issue-2.pdf">Download File</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Topical-Issue-2-highlights.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/192471588788382708/Global-Economic-Prospects-June-2020-Topical-Issue-2-highlights.pdf">Download Highlights</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Five Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/799351588787987960/Global-Economic-Prospects-June-2020-Topical-Issue-3.pdf"> <img class="img-responsive" src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Topical-Issue-3.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">How Deep will the COVID-19 Recession Be?</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> Current projections suggest that the COVID-19 global recession will be the deepest since the end of World War II, with the largest fraction of economies experiencing declines in per capita output since 1870. Output of emerging market and developing economies (EMDEs) is expected to contract in 2020 for the first time in at least 60 years. The current global recession is also unique in that global growth forecasts have been revised down more steeply and rapidly than in any other recessions since at least 1990. The gradual nature of forecast downgrades in previous global recessions suggests that further downgrades may be in store as forecasters absorb new information about the evolution of the pandemic. As such, additional policy measures to support activity may be needed in the coming months. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> Current projections suggest that the COVID-19 global recession will be the deepest since the end of World War II, with the largest fraction of economies experiencing declines in per capita output since 1870. Output of emerging market and developing economies (EMDEs) is expected to contract in 2020 for the first time in at least 60 years. The current global recession is also unique in that global growth forecasts have been revised down more steeply and rapidly than in any other recessions since at least 1990. The gradual nature of forecast downg... <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-2020-Topical-Issue-3.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/799351588787987960/Global-Economic-Prospects-June-2020-Topical-Issue-3.pdf">Download File</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Topical-Issue-3-highlights.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/395721588788243295/Global-Economic-Prospects-June-2020-Topical-Issue-3-highlights.pdf">Download Highlights</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Five Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/210981588788296342/Global-Economic-Prospects-June-2020-Topical-Issue-4.pdf"> <img class="img-responsive" src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Topical-Issue-4.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">How Does Informality Aggravate the Impact of COVID-19?</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> COVID-19 will take an especially heavy humanitarian and economic toll on emerging markets and developing economies (EMDEs) with large informal sectors. Participants in the informal sector—workers and small enterprises—are often not registered with the government and hence have no access to government benefits. Informality is associated with underdevelopment in a wide range of areas, such as widespread poverty, lack of access to financial systems, deficient public health and medical resources, and weak social safety nets. These vulnerabilities have amplified the economic shock to livelihoods from COVID-19 and threatened to throw large numbers of people into extreme poverty. The impact is likely to be particularly severe on women, due to their outsized participation in sectors that are more affected by the pandemic. While the effects of the crisis continue, it is critical to implement effective delivery channels to quickly provide the support that informal workers and firms need to survive. Unconditional support programs would be advisable in many EMDEs. Given their limited resources, low-income countries will require increased international funding for the effective implementation of such programs. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> COVID-19 will take an especially heavy humanitarian and economic toll on emerging markets and developing economies (EMDEs) with large informal sectors. Participants in the informal sector—workers and small enterprises—are often not registered with the government and hence have no access to government benefits. Informality is associated with underdevelopment in a wide range of areas, such as widespread poverty, lack of access to financial systems, deficient public health and medical resources, and weak social safety nets. These vulnerabilities h... <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-2020-Topical-Issue-4.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/210981588788296342/Global-Economic-Prospects-June-2020-Topical-Issue-4.pdf">Download File</a> </div> <div class="mrg-b-30"> </div> </div> <div>  <h3>Five Topical Issues</h3> <span><p> <a data-customlink="nl:body content" data-text="Image" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/247261591129941295/Global-Economic-Prospects-June-2020-Topical-Issue-6.pdf"> <img class="img-responsive" src="/web/20200628063737im_/https://www.worldbank.org/content/dam/Worldbank/GEP/GEP-2020b-Topical-Issue-6.jpg" alt="Image"> </a> </p></span> <span class="wdr_analysis_span"> <h3 class="desc-heading">Regional Macroeconomic Implications of COVID-19</h3> <div class="wdr-analysis-description moreanalysis " style="display:none"> The rapid rise of COVID-19 cases, together with the wide range of measures to slow the spread of the virus, has slowed economic activity precipitously in many emerging market and developing economies (EMDEs). Economic disruptions are likely to be more severe and protracted in those countries with larger domestic outbreaks, greater exposure to international spillovers (particularly through exposure to global commodity and financial markets, global value chains, and tourism), and larger pre-existing challenges such as informality. Growth forecasts for all regions have been severely downgraded; Latin America and the Caribbean (LAC) and Europe and Central Asia (ECA) in particular have large downgrades partly because of the size of their domestic outbreaks and exposure to global spillovers, while South Asia’s substantial downgrade is primarily the result of stringent lockdown measures. Many countries have avoided more adverse outcomes through sizable fiscal and monetary policy support measures. Despite these measures, per capita incomes in all EMDE regions are expected to contract in 2020, likely causing many millions to fall back into poverty. <a href="" class="analysis_morelink ">See Less <i class="fa fa-minus"></i></a> </div> <div class="wdr-analysis-description lessanalysis"> The rapid rise of COVID-19 cases, together with the wide range of measures to slow the spread of the virus, has slowed economic activity precipitously in many emerging market and developing economies (EMDEs). Economic disruptions are likely to be more severe and protracted in those countries with larger domestic outbreaks, greater exposure to international spillovers (particularly through exposure to global commodity and financial markets, global value chains, and tourism), and larger pre-existing challenges such as informality. Growth forecast... <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-2020-Topical-Issue-5.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/168011590081448495/Global-Economic-Prospects-June-2020-Topical-Issue-5.pdf">Download File</a> <a class="white-btn" data-customlink="fd:body content:en:pdf" data-text="Global-Economic-Prospects-June-2020-Topical-Issue-5-highlights.pdf" href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/372421590081505508/Global-Economic-Prospects-June-2020-Topical-Issue-5-highlights.pdf">Download Highlights</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_accordion parbase section"> <div class="regional"> <section id="data" class=""> <div class="regional-bg"> <div class="container"> <div class="regional-wrapper"> <div class="row"> <div class="col-lg-12 col-md-12 col-sm-12 col-xs-12"> <h3>Data</h3> <p><p>COVID-19 is expected to lead to the deepest global recession in decades, with baseline forecasts envisioning a 5.2 percent contraction in global growth this year. Click on the button to download data into Excel.</p> <div style="left: -10000px; top: 0px; width: 9000px; position: absolute;"><table width="100%" style="font-family: tahoma, arial, helvetica, sans-serif;" border="0" cellspacing="0" cellpadding="0"> <tbody><tr><td><a href="https://web.archive.org/web/20200628063737/http://pubdocs.worldbank.org/en/551001512062599940/Global-Economic-Prospects-Jan-2018-Global-Outlook.pdf">[pullquote:(dim=HOR^align=RIGHT,text=/content/dam/Worldbank/GEP/GEP-download-button-1.jpg||linkText=::linkURL=http://pubdocs.worldbank.org/en/551001512062599940/Global-Economic-Prospects-Jan-2018-Global-Outlook.pdf)]</a></td> <td>        </td> <td><a 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href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/21999/9781464804830.pdf">June 2015</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="9781464804441.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/20758/9781464804441.pdf">January 2015</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP%202014%20June.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/18647/GEP%202014%20June.pdf">June 2014</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP2014FebRev.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/16572/GEP2014FebRev.pdf">January 2014</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEPJune2013.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/13892/GEPJune2013.pdf">June 2013</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP6.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/12123/GEP6.pdf">January 2013</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP5.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/12106/GEP5.pdf">June 2012</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP4.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/12105/GEP4.pdf">January 2012</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP3.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/12103/GEP3.pdf">June 2011</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP2.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/12102/GEP2.pdf">January 2011</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="GEP1.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/12104/GEP1.pdf">June 2010</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="530980PUB0glob101Official0Use0only1.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/2415/530980PUB0glob101Official0Use0only1.pdf">January 2010</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="468200REPLACEM10Box334115B01PUBLIC1.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/2581/468200REPLACEM10Box334115B01PUBLIC1.pdf">2009</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="42097optmzd0REVISED0GEP020081PUBLIC1.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/6335/42097optmzd0REVISED0GEP020081PUBLIC1.pdf">2008</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="381400GEP2007.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/7157/381400GEP2007.pdf">2007</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="343200GEP02006.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/7306/343200GEP02006.pdf">2006</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="9780821357477.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/14783/9780821357477.pdf">2005</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="9780821355824.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/14782/9780821355824.pdf">2004</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="9780821353387.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/14781/9780821353387.pdf">2003</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="multi0page.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/14050/multi0page.pdf">2002</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="9780821346754.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/14779/9780821346754.pdf">2001</a></li> <li><a data-customlink="fd:body content:en:pdf" data-text="9780821345504.pdf" href="https://web.archive.org/web/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/14776/9780821345504.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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32393/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32392/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32391/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32390/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32389/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32388/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32387/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/20200628063737/https://openknowledge.worldbank.org/bitstream/handle/10986/32386/Global-Economic-Prospects-1991.pdf">1991</a></li> </ul> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> </section> </div> <div class="clearfix"></div> <style> .download-files ul li a { color: #39beea; text-decoration: none; } .download-files ul li a:hover { color: #39beea; border-bottom: 1px solid #39beea; } .download-files ul li { list-style: none; } </style></div> <div class="wdr_stayconnected parbase section"> <div class="container"> <div class="connect-us-bg"> <h3>Connect With Us</h3> <div class="address"><p><b>Connect With Us</b></p> <p>Global Economic Prospects</p> <p>1818 H Street, N.W. 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Global Economic Prospects