Tag: World Bank

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Fintech and the Future of Finance : Market and Policy Implications

Colin Henderson

An interesting discussion document and worth checking out because it addresses many aspects of Fintech and digitisation generally for Banks and regulators. World Bank paper The eight (8) papers included. It is comprised of several papers and the introduction to the first “overview” paper including their conceptual framework. This is worth studying and expect more to come. Overview paper – #1 of 8. 1.1 About the Fintech and the Future of Finance Flagship Report Digital transformation is re-shaping the market outcomes of the financial services industry. Fintech supports growth and poverty alleviation by strengthening financial development, inclusion, and efficiency and … Continue reading Fintech and the Future of Finance : Market and Policy Implications

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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

Economy1 Comment

The World Development Indicators 2010 | World Bank

Colin Henderson

For economists and data geeks, the World Bank is today releasing an impressive document containing a host of statistics and economic facts covering all the worlds economies and showing shifts in key areas as noted below. World Development Indicators 2010 | World Bank WASHINGTON, April 20, 2010 — The World Development Indicators (WDI) 2010, released today, gives a statistical progress toward achieving the Millennium Development Goals (MDGs). The WDI database, launched along with the World Bank’s Open Data initiative to provide free data to all users, includes more than 900 indicators documenting the state of all the world’s economies. The WDI covers education, … Continue reading The World Development Indicators 2010 | World Bank

Economy

World Bank GDF highlights growing risks to economic forecasts

Colin Henderson

When thinking about the future and the economic position of countries that banks must consider, I listen far less to politicians and more to IMF and World bank forecasts. The use (misuse) of the term recovery fails to acknowledge what the circumstances for people and businesses will be on the other side of the recession. Here is a new report from World Bank that looks to the future with more pragmatism, although they still use the word recovery.  Note their focus is skewed by their mandate for developing countries, however they have to look at the entire economic picture to … Continue reading World Bank GDF highlights growing risks to economic forecasts

Economy

World Bank updates Global economic prospects downward

Colin Henderson

This revised forecast shifts from 2010 recovery,to an uncertain 2010 recovery.  Read through for data and forecasts on your country. World Bank updates global forecast This update of the projections in the World Bank’s Global Economic Prospects report (GEP) of December 2008, reflects the rapid  deterioration in financial and economic conditions—and the increasingly negative interaction between weakening economies and fragile financial systems—that have come to the fore since late 2008 for virtually every country in the world. gep-update-march30-2009 PDF Continue reading World Bank updates Global economic prospects downward

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Some perspective on GDP, and America’s ability to “come back”

Colin Henderson

This is much talk these days of the decline of the United States and a fundamental reshaping of relative world economic clout. It is worthwhile to reflect on the current size of economies before such claims are made. This rambling piece from Richard Florida that I thought was going to deal with the decline of America, actually ends up making the case that the impacts on US cities will be significant.  Of that there is little doubt, but the example of Detroit may not be the best to make the point (the Phoenix example is a better one). Detroit has … Continue reading Some perspective on GDP, and America’s ability to “come back”

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!