Tag: Global Economic Prospects

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World Bank 2023 – Second Year of Sharply Slowing Growth

Colin Henderson

World Bank 2023 Global Economic Prospects Global growth is projected to slow to its third-weakest pace in nearly three decades, overshadowed only by the 2009 and 2020 global recessions. Investment growth in emerging market and developing economies is predicted to remain below its average rate of the past two decades. Any additional adverse shocks could push the global economy into recession. Small states are especially vulnerable to such shocks because of their reliance on external trade and financing, limited diversification, elevated debt, and susceptibility to natural disasters. Immediate policy action is needed to bolster growth and investment, including redirecting existing … Continue reading World Bank 2023 – Second Year of Sharply Slowing Growth

Economy

Energy and commodity demand is rising or falling, and prices will rise or fall. Brilliant!

Colin Henderson

Economists have the best job in the world.  They are constantly predicting the long term future based on the recent past.  The result is that the contradictions in what they predict leaves the common person to wonder. Global Economic Prospects 2009: Commodities at the Crossroads | World Bank Commodity markets have seen spectacular swings over the past 24 months as enormous tensions first built up and were then released. The extended and sharp rise in commodity prices prompted concerns that the world was transitioning into a new phase of commodity scarcity—a concern that the recent dramatic drop in commodity prices … Continue reading Energy and commodity demand is rising or falling, and prices will rise or fall. Brilliant!