Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have...
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INFORMATION
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2020/02/13
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Document de travail de recherche sur les politiques
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WPS9148
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1
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1
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2020/02/13
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Disclosed
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Emerging and Developing Economies : Ten Years After the Global Recession
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global recession
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