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Global Economic Prospects January 2024 cover image
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Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development¡ªwith the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters.?

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Business Ready Report 2024

Business Ready (B-READY) 2024

What does the world need to do to become ¡°Business Ready¡±? A healthy business environment and strong private sector are foundations of economic growth: generating jobs, boosting investment and increasing output. The Business Ready (B-READY) 2024 report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice.

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World Development Report 2024: The Middle-Income Trap

Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the ¡°middle-income trap.¡± Lower-middle-income countries must go beyond investment-driven strategies¡ªthey must also adopt modern technologies and successful business practices from abroad and infuse them across their economies.?

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Open Knowledge Repository

Select works from over 30,000 World Bank publications

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    The global economy is facing another substantial headwind, emanating largely from an increase in trade tensions and heightened global policy uncertainty. 

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    Countries that successfully capitalize on ever-advancing technologies and the growing consumer demand for sustainable products will deliver meaningful benefits to their people and economies. The publication identifies specific areas of opportunity and concrete actions that countries in the Latin American and Caribbean region can take to reap the upside of the energy transition.

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    The report demonstrates how refugee self-reliance in Sub-Saharan Africa remains elusive and identifies reasons. "Making Refugee Self-Reliance Work: From Aid to Employment in Sub-Saharan Africa" advocates for the enhancement of refugee self-reliance as a strategic, humane, development approach to refugee assistance. 

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    Latin America and the Caribbean has lost not decades but a century of growth due to its inability to identify, adapt, and implement new technologies. The continent can reclaim the lost century by building learning economies, creating the human capital, institutions, and incentives needed to increase the demand for knowledge, facilitate the flow of new ideas, and foment the process of experimentation.

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    What are the resilient and low-carbon investments that cities around the world could make in the coming decades? How much will these investments cost, and where can cities look for resources to pay for these investments? These are the questions that Banking on Cities: Investing in Resilient and Low-Carbon Urbanization considers.

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    In an era of rapid global technological change, productivity growth in the East Asia and Pacific (EAP) region has decelerated. The most-productive firms are lagging behind the world¡¯s leading firms, particularly in the digital-intensive sectors driving innovation. Closing this gap is critical.

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