Global economic prospects have darkened. Financing conditions have tightened, industrial production has moderated, and trade tensions remain elevated. The recovery in emerging market and developing economies has stalled, and some countries have experienced significant financial stress. Downside risks have increased, including the possibility of disorderly financial market movements and escalating trade disputes.
The database measures stocks and flows of debt borrowed from creditors outside the country and other financial flows for 121 low and middle-income countries. Sources underlying the data include loan-by-loan data on public and publicly guaranteed external debt, aggregate data on non-guaranteed private sector external debt, balance of payments statistics, official aid flows, and short-term external debt.
Doing Business 2019: Training for Reform, a World Bank Group flagship publication, is the 16th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies—from Afghanistan to Zimbabwe—and over time.
Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report looks at how the nature of work is changing as a result of advances in technology today.
Rising inequality is among the most serious problems of our times. Economic progress has been remarkable in the last few decades, but not everyone has enjoyed the same gains, or even the same opportunities.
This new report takes an in-depth look at how information and communication technologies (ICT) are impacting economic growth in developing countries and examines the topic of data-driven development, and how better information makes for better policies.
The adverse effects of high inflation can fall disproportionately on the poor, who hold most of their assets in cash and rely heavily on wage income, welfare benefits, and pensions, says new report on Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies.
Governments around the world set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year.
Economic advances around the world mean that while fewer people live in extreme poverty, almost half the world’s population — 3.4 billion people — still struggles to meet basic needs.