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Europe and Central Asia

Global Economic Prospects in 10 Charts: June 2017

Ayhan Kose's picture
Also available in: Chinese

The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies.  Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, a benefit to their trading partners. Amid favorable global financing conditions and stabilizing commodity prices, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016. Nevertheless, substantial risks cloud the outlook. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth.

Download the June 2017 Global Economic Prospects report.
 
Global growth is projected to strengthen to 2.7 percent in 2017, as expected. Emerging market and developing economies are anticipated to grow 4.1 percent – faster than advanced economies.
 
Global Growth

What is the impact of rural transformations on women farmers?

Vanya Slavchevska's picture

Rural areas are changing rapidly, but the shift does not affect women and men in the same way.

In the process of rural development and transformation, as employment for both women and men expands in other sectors, employment in the agricultural sector is expected to shrink. Yet delving through available data and the literature, we find that the reality isn’t quite that simple. In a great number of developing countries, as men move out of family farming, women tend to stay--or move out of the sector a lot more slowly. Many women even take on new jobs and responsibilities in agriculture. We call this phenomenon the ‘feminization’ of agriculture.

Has e-government improved governance? Not yet.

Zahid Hasnain's picture
Digital connectivity is viewed by many in technology and development circles as central to achieving the 17 Sustainable Development Goals (SDG’s). Luminaries supporting the Connectivity Declaration are among them.

Myth or fact? New WDR examines the potential of digital technologies for development

Maja Andjelkovic's picture


Pop quiz: Which of these statements do you agree with?
 
  1. If you build “IT” they will come.
  2. Poor people don’t need mobile phones. They need clean water and food instead.
  3. Digital skills are only relevant for people who work in the ICT sector. The rest of us don’t need them.
 

Estonia’s digital dividends

Toomas Hendrik Ilves's picture

Digital technology dominates our everyday lives, and with each passing day, even more so. How can the global community benefit from the new digital era?
 
The World Bank’s World Development Report 2016 (WDR 2016) provides a useful framework and guidance for harnessing the potential of the internet for development. “To get the most out of the digital revolution, countries also need to work on regulations, skills and institutions—by strengthening regulations that ensure competition among businesses, by adapting workers’ skills to the demands of the new economy, and by ensuring that institutions are accountable,” says the Report. This may sound familiar, but it is not. Let me explain. 

As development actors, how should we address the forced displacement crisis?

Xavier Devictor's picture
Forced displacement has long been seen as a humanitarian issue. But with the number of forcibly displaced people at historic highs, there are increasing calls for development actors to engage.  

From population bomb to development opportunity: New perspectives on demographic change

S. Amer Ahmed's picture

A generation ago, the World Development Report 1984 focused on development challenges posed by demographic change, reflecting the world’s concerns about run-away population growth. Global population growth rates had peaked at more than two percent a year in the late 1960s and the incredibly high average fertility rates of that decade – almost six births per woman – provided the momentum to keep population growth rates elevated for several decades (Fig 1). Indeed, the population and development zeitgeist spawned works such as Ehrlich’s 1968 book “Population Bomb,” which painted apocalyptic images of a world struggling to sustain itself under the sheer weight of its people. The policy discussion of the WDR 1984 reflected these concerns, focusing on how to feed the growing populations in the poorest and highest fertility countries, while also presenting a case for policies that would reduce fertility.

Investing in women and the next generation: The case for expanding childcare in Turkey

Ana Maria Munoz-Boudet's picture

Women’s participation in Turkey’s labor force is comparatively low. Why is that, especially when Turkey has acted to increase women’s skills and education?

One reason is that more needs to be done to help women balance work and family life, particularly when it comes to care responsibilities. As of 2014, only 1-in-3 working age women were active in the labor market (33.6%)—nearly half the OECD average of 64%[1]. According to the recent Demographic and Health Survey in Turkey, 1/3 of women report not working due to childcare responsibilities. Pre-primary school enrollment in Turkey is 29%--far less than OECD’s 81%, as well as countries with similar levels of GDP per capita, such as Chile, Mexico, Bulgaria, and Romania. Early childhood development and education is not only important to a child’s development, it also helps mothers combine family and work responsibilities and continue to participate in the labor force.

The road not shared: Turning to the arts to help increase pedestrian safety

Patrick Kabanda's picture

The Creative Wealth of Nations is a series of blogs related to Patrick Kabanda's forthcoming book on the performing arts in development.

It was a scene I still can’t forget.
 
A few years ago on a busy Kampala intersection, cars zoomed by while pedestrians braced themselves to cross a road. They lurched back and forth, like a fence being blown hither and tither by heavy winds. In frustration, a voice of a woman with a baby tucked on her back cried out: senga no wabawo atusasira. “I wish someone would be kind to us.”

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