1 option
Climate-Related Shocks and Fiscal Sustainability : Potential Impacts and Policy Options / World Bank Group.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- World Bank Group, author.
- Series:
- Economic Updates and Modeling
- Language:
- English
- Subjects (All):
- Climatic changes.
- Physical Description:
- 1 online resource.
- Other Title:
- Climate-Related Shocks and Fiscal Sustainability
- Place of Publication:
- Washington, D.C. : World Bank, 2023.
- Summary:
- Real GDP expanded by 17.7 percent in 2022, with per capita incomes surpassing the pre-pandemic levels. On the supply side, accommodation, transport, and commerce explained 60 percent of growth. On the demand side, exports (mainly tourism) and private consumption accounted for growth. The rebound in economic activity in 2022 was accompanied by a reduction in poverty (0.8 percentage points), despite the spike in inflation. Headline inflation reached 7.9 percent (y/y) in December 2022 after inflationary pressures emerged in 2021, fueled by high international oil and food prices and global supply chain disruptions due to the war in Ukraine. Higher food prices and low agricultural production, driven by the five year long drought, intensified food insecurity.
- Notes:
- Description based on publisher supplied metadata and other sources.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.