Global Economic Prospects, June 2019 : Heightened Tensions, Subdued Investment.

Global growth appears to be stabilizing after a period of marked weakness, but it remains fragile. A modest recovery inemerging market and developing economies continues to be constrained by subdued investment, which is dampeningprospects and impeding progress toward achieving critical development goals. Downside risks to the outlook remainelevated, and policymakers continue to face major challenges to boost resilience and foster long-term growth. this issueincludes essays on the benefits and risks of government borrowing, recent investment weakness in emerging market anddeveloping economies, the pass-through of currency depreciations to inflation, and the evolution of growth in low-incomecountries.

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