Co-organized by World Bank and Asian Development Bank Institute (ADBI)
Co-organized by World Bank and Asian Development Bank Institute (ADBI)
The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices. However, this is largely seen as a short-term upswing. Over the longer term, slowing potential growth—a measure of how fast an economy can expand when labor and capital are fully employed—puts at risk gains in improving living standards and reducing poverty around the world, the World Bank warns in its January 2018 edition of
“Global Economic Prospects (GEP)”, titled “Broad-Based Upturn, but for How Long?”.
Press Release: Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth a Concern
This seminar, opened by Masato Miyazaki, Special Representative, Japan, World Bank Group, featured Ayhan Kose, Director, Development Prospects, Word Bank, presenting the report’s key points, and Peter Morgan, Senior Consulting Economists and Co-Chair, Research Department, Asian Development Bank Institute (ADBI), sharing comments.
Opening Remarks
Masato Miyazaki
Special Representative, Japan, World Bank Group
Keynote Speech
Ayhan Kose
Director, Development Prospects, Development Economics (DEC), World Bank
Presentation Material:
Global Economic Prospects: Broad-Based Upturn, but for How Long? （PDF）
Comments
Peter Morgan
Senior Consulting Economist, Co-chair, Research Department
Asian Development Bank Institute
Presentation Material: Global Economic Prospects （PDF）
Ayhan Kose is Director of the World Bank Group’s Development Prospects Group. In this capacity, he leads the World Bank Group’s work on global macroeconomic outlook and forecasts as well as financial flows and commodity markets. He also coordinates work related to the monitoring of the World Bank Group’s twin goals of ending poverty and promoting shared prosperity. Under his management, the Development Prospects Group produces the Bank’s flagship reports, Global Economic Prospects and Global Monitoring Report, in addition to other monitoring publications. Prior to joining the World Bank in June 2014, Mr. Kose was Assistant to the Director of the Research Department and Deputy Chief of the Multilateral Surveillance Division in the International Monetary Fund (IMF). In various capacities at the IMF, he served as Co-Chair of the Interdepartmental Taskforce for the 2014 Spillover Report and Mission Chief of the Ex-Post Assessment for the Nicaragua’s 2007-11 IMF Program, and as an economist in multiple divisions of the Research Department, and the United States and Canada desks of the Western Hemisphere Department. Mr. Kose taught at the University of Chicago’s Booth School of Business and INSEAD, and was formerly Assistant Professor at Brandeis International Business School. He has a Ph.D. in economics from the Tippie College of Business of the University of Iowa and a B.S. in industrial engineering from Bilkent University. A native of Turkey, Mr. Kose was born and raised in Istanbul. |
