The Global Economic Prospects June 2018 is a report by the World Bank Group. It asserts that the global economy seems to be leaving the legacy of the global financial crisis of the past decade behind. About half the world’s countries are experiencing an increase in growth. All the consensus forecasts for 2018 and 2019 reflect optimism. Yet, while current growth appears robust, potential growth will be lower. Underlying factors such as demographics (declining labor supply in many, large countries) and the legacy of low investment growth in the past contribute to this limited potential growth. These risks mean that actual growth may be even lower.
This edition of Global Economic Prospects includes sections on the role of the largest emerging markets in global commodity markets and the implications of high corporate debt for financial stability and investment.