LEADER 02239nam a2200301 i 4500001 99131235056506421 005 20231009133813.0 006 m o d 007 cr ||||||||||| 008 231009s2023 dcu o 000 0 eng d 024 7 10.1596/1813-9450-10368 035 (CKB)5840000000243570 035 (NjHacI)995840000000243570 035 (EXLCZ)995840000000243570 040 NjHacI |beng |erda |cNjHacl 050 4 QC903 |b.K37 2023 082 04 363.73874 |223 100 1 Kasyanenko, Sergiy, |eauthor. 245 10 Past and future of regional potential growth : |bhopes, fears, and realities / |cSergiy Kasyanenko [and five others]. 246 Past and Future of Regional Potential Growth 264 1 Washington, District of Columbia : |bWorld Bank, |c2023. 300 1 online resource (108 pages). 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 490 1 Policy research working papers ; |v10368 588 Description based on publisher supplied metadata and other sources. 520 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. 650 0 Climate change. 830 0 Policy research working papers ; |v10368. 906 BOOK