Global Economic Prospects: Half Full or Half Empty?
This year will likely mark a turning point for the global economy. For the first time since 2008, the negative global output gap is expected to close. This is a sign that the world economy has regained its health after a prolonged period of weakness. However, it also means that the years ahead may witness an unprecedented shift in the stance of cyclical policies among advanced economies, with an attendant risk of missteps or disorderly financial market adjustments. Will the global economy continue enjoying robust growth? Or will it soon experience another downturn?
Ayhan Kose will discuss global economic prospects with a special focus on recent developments, risks threatening the global expansion, and the future of potential growth. It will be based on recent research conducted by the World Bank’s Development Prospects Group. The group coordinates the bank’s work on global macroeconomic outlook, commodity markets and financial flows, and produces the bank’s flagship report, Global Economic Prospects, in addition to other monitoring publications.
This briefing will be a part of Chatham House’s International Financial Institution (IFI) Briefing series where institutions will share their thinking with leaders in business, government and academia.
The Chatham House Rule
To enable as open a debate as possible, this event will be held under the Chatham House Rule.