Global Economic Prospects Heightened Tensions, Subdued Investments
- Jun 2019
- The World Bank Group (WBG)
- International
Global growth has continued to soften this year. Momentum remains weak and policy space is limited. A subdued recovery in investment growth in emerging market and developing economies (EMDEs) dampens potential growth prospects and hampers progress toward achieving the Sustainable Development Goals. Rising debt constrains the ability of EMDE governments to support economic activity in the event of adverse developments, as well as finance growth-enhancing investments. This highlights the need for policy actions to boost private investment and productivity growth, particularly urgently in low-income countries, which face more significant challenges today than they did in the early 2000s.
