As Kaushik Basu said yesterday, downside risks to the global economy have diminished, market conditions look better, borrowing costs in advanced economies are down from worrying levels seen last June, and developing country growth is still in the 5 percent range. Yet this improvement is transmitting to the real side very minimally.
That was just one of the takeaways from Global Economic Prospects 2013, launched January 15. A new-look global outlook site allows users to access a wealth of analysis, forecasts and data for the world’s economies.
Lead GEP author Andrew Burns breaks down some of the key findings from the new report in a post on Prospects for Development.
World Bank Group President Jim Yong Kim reflects on the GEP findings in a video clip as well.
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