Past and future of regional potential growth : hopes, fears, and realities / Sergiy Kasyanenko [and five others].

Author
Kasyanenko, Sergiy [Browse]
Format
Book
Language
English
Published/​Created
Washington, District of Columbia : World Bank, 2023.
Description
1 online resource (108 pages).

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Subject(s)
Series
Policy research working papers ; 10368. [More in this series]
Summary note
Potential growth slowed in most emerging market and developing economy (EMDE) regions in the past decade. The steepest slowdown occurred in the Middle East and North Africa (MNA), followed by East Asia and the Pacific (EAP), although potential growth in EAP remained one of the two highest among EMDE regions, the other being South Asia (SAR), where potential growth remained broadly unchanged. Projections of the fundamental drivers of growth suggest that, without reforms, potential growth in EMDEs will continue to weaken over the remainder of this decade. The slowdown will be most pronounced in EAP and Europe and Central Asia because of slowing labor force growth and weak investment, and least pronounced in Sub-Saharan Africa where the multiple adverse shocks over the past decade are assumed to dissipate going forward. Potential growth in Latin America and the Caribbean, MNA, and SAR is expected to be broadly steady as slowing population growth is offset by strengthening productivity. The projected declines in potential growth are not inevitable. Many EMDEs could lift potential growth by implementing reforms, with policy priorities varying across regions.
Source of description
Description based on publisher supplied metadata and other sources.
Other title(s)
Past and Future of Regional Potential Growth
Other standard number
  • 10.1596/1813-9450-10368
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