Global economic prospects - January 2015 having fiscal space and using It - Washington The World Bank 2015 - xi,193p.

The report continues to present a detailed outlook for the global economy (Chapter 1) and for each of the world’s developing regions (Chapter 2); its analytical content has been expanded significantly. Chapter 3 analyzes the evolution and effectiveness of fiscal policy in developing countries. Chapter 4 contains three essays examining key challenges and opportunities currently confronting developing countries: the causes and implications of the sharp drop in oil prices in the second half of 2014; factors underlying the slowdown in global trade in recent years; and consumption-smoothing properties of remittance flows. [From Foreword]


Fiscal policy
Oil prices
Remittance flows
South Asia