The new Global Economic Prospects (GEP) report has been released. According to the report, developing countries growth in 2013 is expected to be robust at more than 5.5 percent, but 1-2 percentage points below what it was during the pre-crisis period. To regain those growth rates, developing countries will have to look within, by undertaking through productivity-enhancing investments in infrastructure, health and education.
Growth in high-income countries has been downgraded from earlier forecasts, at 1.3 percent for 2012 and 2013. In the Euro Area, growth is now projected to only return to positive territory in 2014, with GDP expected to contract by 0.1 percent in 2013.
To read the new report, visit www.worldbank.org/globaloutlook. To access the data, go to databank.worldbank.org.
Join the Conversation