Global Growth Set to Strengthen to 2.7 percent as Outlook Brightens

WASHINGTON, June 4, 2017— The World Bank forecasts that global economic growthWorld Bank building will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies.

According to the World Bank’s June 2017 Global Economic Prospects, growth in advanced economies is expected to accelerate to 1.9 percent in 2017, which will also benefit the trading partners of these countries. Global financing conditions remain favorable and commodity prices have stabilized. Against this improving international backdrop, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016.

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Guide to 2016 Annual Meetings

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Ministers from 189 countries meet in Washington the week of October 3 for the World Bank-IMF Annual Meetings. We’re streaming 22 events, with more than 10 in multiple languages, on themes including the need for global cooperation to address risks, encourage trade and economic growth. Watch World Bank Live on Monday as World Bank Group President Jim Yong Kim sets out his vision for ending extreme poverty. On Tuesday, Oxfam International’s Winnie Byanyima and World Bank experts discuss a just-released report on poverty and inequality. New World Bank Chief Economist Paul Romer and Kim talk about the challenges facing global development on Wednesday. On Thursday, heads of state and ministers join Kim at the Human Capital Summit and make commitments to reduce chronic malnutrition in children in their countries. Her Majesty Queen Máxima of the Netherlands and other high-level panelists discuss progress on financial inclusion, along with de-risking efforts by banks that could reverse it. Here is a preview of what you can expect.

Here is a guide to all the World Bank Annual Meeting Live Streaming events

We will be publishing the Live events on a daily basis.