World Economic Outlook, October 2014: Legacies, Clouds, Uncertainties
World Economic Outlook, October 7, 2014
Source details
- Canonical URL
- World Economic Outlook, October 2014: Legacies, Clouds, Uncertainties
Other formats
Bibliographic details
- Published: October 7, 2014
- Series: World Economic Outlook
- DOI: https://doi.org/10.5089/9781498331555.081
Overview and key findings
- The pace of recovery has disappointed in recent years, and downside risks have increased, including from heightened geopolitical tensions.
- These increased risks make it a priority to raise actual and potential growth.
- In a number of economies, an increase in public infrastructure investment can provide support to demand and help boost potential output.
- In advanced economies as well as emerging and developing economies there is a general, urgent need for structural reforms to strengthen growth potential or make growth more sustainable.
- The four individual chapters examine:
- the overall global outlook,
- the prospects for individual countries and regions,
- the benefits of increased public infrastructure investment in terms of raising output,
- the extent to which global imbalances have narrowed significantly since their peak in 2006.
Policy implications and priorities
- Raise actual and potential growth in the face of disappointing recovery and heightened downside risks.
- Scale up public infrastructure investment in a number of economies to support demand and boost potential output.
- Implement structural reforms across advanced, emerging, and developing economies to strengthen growth potential or make growth more sustainable.
Thematic coverage and subjects
- Balance of payments; Current account balance; Economic sectors; Emerging and frontier financial markets; Expenditure; Financial markets; Inflation; Infrastructure; National accounts; Natural gas sector; Prices; Public investment and public-private partnerships (PPP); Public investment spending.
- Regional and topical keywords include: Asia and Pacific; Caribbean; Middle East; Sub-Saharan Africa; Europe; Global; U.S. dollar; WEO; world GDP; oil price; infrastructure investment; investment efficiency; public investment.