fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World … security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for … effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting …

private sector credit -- Recent credit growth in light of past episodes -- Current credit levels: Warning signs? -- Conclusion … -- Annex SF1.1 Robustness exercises -- References -- Special Focus 2 Quantifying Uncertainties in Global Growth Forecasts … -- Selected risk indicators -- Risk indicators and global growth -- Balance of risks to global growth -- Conclusion -- Annex SF2 …