Although global economic output is recovering from the collapse triggered by COVID-19, it will remain below pre-pandemic trends for a prolonged period. The pandemic has exacerbated the risks associated with a decade-long wave of global debt accumulation. It is also likely to steepen the long-expected slowdown in potential growth over the next decade. In his Foreword, World Bank Group President David Malpass notes that “Making the right investments now is vital both to support the recovery when it is urgently needed and foster resilience. Our response to the pandemic crisis today will shape our common future for years to come. We should seize the opportunity to lay the foundations for a durable, equitable, and sustainable global economy.”
Tag Archives: Economics
2019 Nobel Prize Winners in Economics Present: Good Economics for Hard Times
Figuring out how to deal with today’s critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it.
The World Bank’s Development Economics Research Group is Hiring
I can hear you saying, “Well, the Bank’s research department is hiring every year, what’s the difference and why are you yelling about it here?” You have a point – let me explain…
It is true that we are on the job market hiring every year, but this year is a bit different. First, we will be in the market to hire a significant number of researchers. While it is not prudent to give an exact number, I can say that we will be shortlisting and interviewing a substantially larger number of candidates at the AEA meetings in San Diego than we have in recent years.
eC2: Update of the economic analysis
Deadline: 27-Jun-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
The assignment envisages an update of the economic analysis needed for the
preparation of the third River Basin Management Plans (RBMP) in Bulgaria. It is based on the stocktaking and gap analysis review of the second RBMPs and the European Commissions Member State Assessment Report on the second cycle RBMPs for the four river basin management areas in Bulgaria. The update of the economic analysis essentially entails a collation of analyses of available data sources to deliver the economic outputs needed. It does not involve any original research.
Building safer, more inclusive, and more resilient cities
Cities are where most people live and most economic activity takes place.
Breaking the vicious cycle of high inequality and slow job creation
Growth is picking up in South Africa, and this is good news after two years of declining incomes per capita. Observers are revising their forecasts, and optimists foresee economic growth to exceed 2% in next years. In recent months, several events have indeed improved South Africa’s economic outlook: the smooth transition in power, the authorities’ reaffirmed adherence to principles of good governance and debt stability, and the upward revision in national accounts, revealing higher economic activity in 2017 than previously measured.
Industrial Commodity Prices to Rise in 2017: World Bank
Press release: Oil prices to average $55 per barrel in 2017, rise next year
WASHINGTON, April 26, 2017— The World Bank is forecasting higher prices for industrial commodities, principally energy and metals, in 2017 and next year.
The World Bank in its April Commodity Markets Outlook is holding steady its crude oil price forecast for this year at $55 per barrel, increasing to an average of $60 per barrel in 2018. Rising oil prices, supported by production cutbacks by Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states, will allow markets to gradually rebalance. These oil price forecasts are subject to downside risks should the rebound in the U.S. shale oil industry be greater than expected.
Annual Bank Conference on Development Economics 2016
New approaches in water resource economics
The report below was posted on the World Bank Water Blog by SUSANNE M. SCHEIERLING ON WED, 03/30/2016.
In many parts of the world, changing demand and supply patterns are contributing to an increasing physical scarcity and competition for water resources. Historically, new demands have been met by developing additional supplies—with the incremental cost of water remaining relatively constant over time due to the ready availability of water development project sites to meet growing demands. As the water economy moves from an expansionary to a mature phase, incremental costs are sharply rising, and interdependencies among users and uses are greatly increasing. With this move, the issues to be addressed by water economists tend to become more pressing, broader and more complex. While in the expansionary phase structural or engineering approaches to water management tend to be the main focus, in a maturing water economy nonstructural or institutional options for solving water problems receive increasing attention. In particular, resource allocation and valuation issues move to the forefront of economic inquiry.
To read the full blog post click here.
To access the report click here.
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