The World Bank released its Global Economic Prospects report this week. World Bank experts are using the words “fragile” and “uncertain” to describe the economic recovery this year.
The report predicts the international economy will grow a little over two percent in 2013. Slightly greater economic expansion is expected in 2014 and 2015.
Predictions of limited growth have become familiar since the financial crisis four years ago. Wealthy countries are expected to have slower growth than developing ones as they deal with larger amounts of debt and big budget deficits.
World Bank President Jim Yong Kim is urging developing countries to become drivers of growth. But he notes that it was important to build a foundation for growth that can last over time.
He said, “What we are suggesting is that we cannot wait for the return growth in the high income countries. We really need developing countries to think about setting the stage for medium- and long-term growth. We have to continue to support developing countries in making investments in infrastructure, in health, in education.”
Andrew Burns is lead author of the report. He says it is not only important to build roads and bridges, but to invest money in health care and effort in government reforms. Some high-growth developing countries, such as China, are spending a lot on public works projects, but spend little on health care.
The report notes the threat of European nations failing to make debt payments has eased. The World Bank President says Europe and America have approved some measures to deal with economic weakness. But financial policy remains a work in progress.
He said, “So despite promising, and sometimes courageous measures taken in Europe…issues remain in the Eurozone and of course we have fiscal policy issues in the United States.”
The World Bank notes that budget deficits are decreasing in most other high-income nations. But these nations continue to carry a lot of debt compared to the size of their economies.
Developing countries are positioned for stronger growth. But they will face basic risks to economic progress over the next few years. World Bank chief Kim said he is concerned that low supplies of important grains, such as wheat and corn, could bring high food prices, hurting the poor.
The World Bank offers knowledge, assistance and loans to developing countries. Economic conditions in high-income nations affect the developing world because they are the largest and most developed markets for exports. Such nations are also the providers of investment that can fuel economic growth.
国际英语资讯:U.S. secretary of state meets with Indian PM on bilateral ties
国内英语资讯:China to boost friendly military exchanges, cooperation with other countries
比伯新纹身引网友热议!老外吐槽丑出天际
这才叫机智! 美国学生的巨型小抄走红网络
体坛英语资讯:Queens Baton reaches Brunei ahead of Gold Coast 2018 Commonwealth Games
肯尼亚2017年总统大选重新投票
比照片更逼真的画作,摄影师:你们画画的干嘛抢我饭碗
体坛英语资讯:31st Race of Athens held to promote healthier life style
重庆一高校开设'网红学院'学习直播技巧
国内英语资讯:China, Indonesia hold meeting on anti-drug cooperation
英国女王出门还带现金?原因你绝对想不到!
久坐违法?菲律宾为了大家的健康真是操碎了心!
中国自制马桶盖震惊世界!老外惊呼这么神奇
爱因斯坦留下的“鸡汤便条”告诉你幸福的秘诀
陪娃写作业被逼疯?教你十个正确的“陪写姿势”
体坛英语资讯:Cologne shock Berlin, Bayern beat Leipzig in the German Cup
明星爱犬咬伤邻居间接致其死亡,宠物不拴绳害人也害狗
可乐和红酒比,卡路里哪个更高?
越聪明的人越容易得精神疾病
体坛英语资讯:PyeongChang 2018 Olympic flame starts journey from Games birthplace
国际英语资讯:Eurasian Economic Union member states reach agreements to enhance economic relations
国际英语资讯:Sudan reiterates commitment to participating in Chinas B&R Initiative
英国警察宣布以后不再管偷窃抢劫!群众反应炸了!
指纹识别技术存在致命缺陷 老年人、癌症患者可能无法被识别
湖南省衡阳县一中2018届高三第二次月考英语试卷
国内英语资讯:China, Cuba sign agreements to expand economic, trade ties
张培基英译散文赏析之《书房》
体坛英语资讯:Indonesian U-23 to play Syria, Jordan in soccer friendlies
你最喜欢自己哪一点?
雪诺透露已知《权游》最终剧情,或是悲剧?