{"id":42428,"date":"2019-01-08T18:54:02","date_gmt":"2019-01-08T23:54:02","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42428"},"modified":"2019-01-08T18:54:02","modified_gmt":"2019-01-08T23:54:02","slug":"world-bank-urges-leave-central-banks-alone-as-global-economic-outlook-darkens","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42428","title":{"rendered":"World Bank Urges ‘Leave Central Banks Alone’ As Global Economic Outlook Darkens"},"content":{"rendered":"
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World Bank Urges ‘Leave Central Banks Alone’ As Global Economic Outlook Darkens<\/span><\/a><\/h3>\n<\/div>\n
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If we were a cynical thinking group, we could be persuaded that the World Bank just wrote a politically-charged ‘mini-project-fear’ report aimed directly at President Trump.<\/p>\n

But that would be paranoid so we won’t consider that. However, see if you can spot their pointed ‘findings’…<\/p>\n

The World Bank begins with its rather ominous title: “Storm Clouds Are Brewing for the Global Economy”<\/strong><\/em><\/u><\/a><\/p>\n

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“The outlook for the global economy in 2019 has darkened.”<\/strong><\/em><\/p>\n

Which may be a little overdone since they only reduced their expectation for global growth to 2.9% this year, down from 3% in 2018 <\/strong>and a reduction of 0.1 point from its forecast in June, blaming slowing growth in trade and investment and rising interest rates for sapping momentum.<\/p>\n

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Advanced-economy central banks will continue to remove the accommodative policies<\/strong> that supported the protracted recovery from the global financial crisis ten years ago.<\/a>Also, simmering trade disputes could escalate.<\/strong>Higher debt levels have made some economies, particularly poorer countries, more vulnerable to rising global interest rates, shifts in investor sentiment, or exchange rate fluctuations.<\/p>\n

In addition, more frequent weather events raise the possibility of large swings in food prices, which could deepen poverty.<\/strong> Because equitable growth is essential to alleviating poverty and increasing shared prosperity, emerging market and developing economies need to face this challenging economic climate by taking steps to sustain economic momentum, readying themselves for turbulence, and foster long-term growth. Rebuilding budget and central bank buffers; nurturing human capital; promoting trade integration<\/strong>; and addressing the challenges posed by sometimes large informal sectors<\/strong>, are important ways to do this.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

World Bank Urges ‘Leave Central Banks Alone’ As Global Economic Outlook Darkens If we were a cynical thinking group, we could be persuaded that the World Bank just wrote a politically-charged ‘mini-project-fear’ report aimed directly at President Trump. But that would be paranoid so we won’t consider that. However, see if you can spot their […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,7844,888,4318],"class_list":["post-42428","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-donald-trump","tag-world-bank","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42428"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42428\/revisions"}],"predecessor-version":[{"id":42429,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42428\/revisions\/42429"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}