World Bank predicts continued economic recovery

It says the recovery in investment, manufacturing and trade continues, and commodity-exporting developing economies will 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, the World Bank warns in its January 2018 Global Economic Prospects.
Growth in advanced economies is expected to moderate slightly to 2.2 per cent in 2018, as central banks gradually remove their post-crisis accommodation and as an upturn in investment levels off.
Growth in emerging markets and developing economies as a whole is projected to strengthen to 4.5 per cent as activity in commodity exporters continues to recover.
“The broad-based recovery in global growth is encouraging, but this is no time for complacency,” World Bank Group president Jim Yong Kim said. “This is a great opportunity to invest in human and physical capital.
“If policymakers around the world focus on these key investments, they can increase their countries’ productivity, boost workforce participation, and move closer to the goals of ending extreme poverty and boosting shared prosperity.”