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January 2018

Building solid foundations: How to promote potential growth, in six charts

Franziska Ohnsorge's picture

Download the January 2018 Global Economic Prospects report.

Despite an acceleration of global economic activity, potential output growth (the growth that can be sustained at full employment and capacity) has slowed. The slowdown reflected weak investment growth, slowing productivity growth, and demographic trends. These forces will continue, and, unless countered, will depress global potential growth further over the next ten years. 

Adolescents, gender roles and intimate partner relationships in Moldova

Daniela Misail-Nichitin's picture
The Harmonious Family Relationships course is Moldova’s first, voluntary school-based intervention focused on the prevention of domestic violence

A recent study of 220 10th -12th grade students from the Republic of Moldova revealed that eight in 10 (both male and female) believed that a woman needed to know how to cook and enjoy cooking. When asked what they wanted most from an intimate partner, they spoke of physical aspects, how they looked. The teens also revealed that they believe that a girl who lives with a male partner before marriage is of easy virtue.

The secret sauce for making the New Urban Agenda a success

Luis Triveno's picture
Credit: Lois Goh/ World Bank


Modernity’s most common story spanning national, cultural and religious borders is about people moving from rural areas to the cities. By 2030, 80% of the world’s population will be living in urban areas, following the dream of better jobs, education, and health care.

Too often, however, that dream risks remaining an urban daydream, due to natural disasters such as hurricanes, earthquakes, and floods, as well as climate change. Those of us working to help these families find a better future must focus more on ways to support efforts to protect their lives – and their livelihoods.
 
In the 40 years since the launch of Habitat I, governments and municipalities throughout emerging and developing countries have been proving that their cities can be not only inclusive and secure, but also resilient and sustainable. However, unless they increase their speed and scale, they are unlikely to achieve the goals of the “New Urban Agenda” and its Regional Plans, launched at Habitat III in 2016.
 
From our perspective helping governments in Latin America and the Caribbean, and ahead of the World Urban Forum taking place in Kuala Lumpur, Malaysia in February, let us share three key ingredients necessary to achieve that goal:

Six Questions with Mark Rosenzweig

David McKenzie's picture
Mark Rosenzweig is Frank Altschul Professor of International Economics at Yale University, and was one of the original leaders in bringing theory and micro-level data to addressing development questions. We caught up with him after a recent symposium, which honored his achievements, and celebrated him turning 70 and continuing to produce important new work.

Preventable traffic injuries and deaths hold back the development of countries

Patricio V. Marquez's picture
Also available in: Español | Français



While reading a newspaper over the holidays, one of us came across an article with an often common story: “car collision causes mass fatalities on mountain road”. The collision resulted in 51 deaths, after a bus--one of the vehicles involved, plunged down a cliff in Peru.  Many of the dead were returning to Lima after celebrating the New Year’s holiday with family outside the city. 

Why 2018 global growth will be strong, and why there is still cause for concern, in 10 charts

Carlos Arteta's picture
Also available in: Español |  Français | 中文 |  العربية 

Download the January 2018 Global Economic Prospects report.

Global growth accelerated to 3 percent in 2017, supported by a broad-based cyclical recovery encompassing more than half of the world’s economies, and is expected to edge up to 3.1 percent in 2018. Global trade regained significant momentum, supported by an upturn in investment.

As headwinds ease for commodity exporters, growth across emerging and developing economies is expected to pick up. However, risks to the outlook remain titled to the downside, such as the possibility of disorderly financial market adjustment or rising geopolitical tensions.

A major concern in the subdued pace of potential growth across emerging market and developing economies, which is expected to further decline in the next decade. Structural reforms will be essential to stem this decline, and counter the negative effects of any future crisis that could materialize.

The broad-based recovery should continue

Global growth accelerated markedly in 2017, supported by a broad-based recovery across advanced economies and emerging market and developing economies (EMDEs), and it is expected to edge up in 2018.
 
Growth

Water PPPs that work: The case of Armenia

Dambudzo Muzenda's picture


Photo: VahanN / Shutterstock.com 

Downtown Yerevan. Gusty winds, frosty air. Inside a hotel in the town square, cocktails and canapés, speeches and signatures. On this evening in November 2016, representatives of the State Committee for Water Economy (the Armenian water authority) and Veolia (a large international water operator) gathered to celebrate the signing of a new partnership: a 15-year national lease to provide water and wastewater services for the whole country. The lease began in January 2017, thus marking the start of a “second generation” of water PPPs in Armenia. Solid gains had already been made under the “first generation” between 2000 and 2016. At this crucial juncture, a World Bank study reviewed Armenia’s experience so far and analyzed the way forward under the new national lease.

Over 1.25 Million People are Killed on the Road Each Year

David Mariano's picture

Over 1.25 million people are killed each year on the road. And 20-50 million others are seriously impacted by road traffic injuries. While most regions have seen a decrease in road-traffic related death rates, Sub-Saharan Africa and Middle East and North Africa still see over 20 deaths per 100,000 people every year.

A new report produced by the World Bank and funded by Bloomberg Philantrophies estimates the social and economic benefits of reducing road traffic injuries in low- and middle-income countries​.


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