Global economic prospects : spillovers amid weak growth

Abstract

Global growth again fell short of expectations in 2015. Growth is projected to edge up in 2016-18 but the forecast is subject to substantial downside risks. In addition to discussing global and regional economic developments and outlook, this edition of the global economic prospects also includes analysis of key challenges and opportunities currently confronting emerging and developing countries: spillovers from a slowdown in major emerging markets; the potential macroeconomic implications of the Trans-Pacific partnership; and the links between exchange rate regimes and capital controls in emerging and developing countries. It also includes a study on vulnerabilities accumulating between commodity discovery and production in low-income countries.