The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The global recession would be deeper if countries take longer to bring the...

Global growth is expected to be 2.8 percent in 2015, but is expected to pick up to 3.2 percent in 2016–17. Growth in developing countries and some high-income countries is set to disappoint again this year. The prospect of rising borrowing costs will compound the challenges many developing...

Cover -- Half Title -- Title Page -- Copyright Page -- Summary of Contents -- Contents -- Acknowledgments -- Foreword -- Executive Summary -- Abbreviations -- Chapter 1 Global Outlook -- Summary -- Global Context -- Global Trade -- Commodity Markets -- Global Inflation -- Financial Developments...