The sharp decline in commodity prices has severely strained many of the largest economies, including oil exporters Angola and Nigeria.
Asia remains the global growth leader although with a slight slowing expected during 2016. Structural reforms to enhance productivity are needed.
This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face.
The global economy remains fragile. The weaker outlook and concerns about the ability of policymakers to provide an adequate and swift policy response have amplified downward risks and clouded global prospects.
Global financial stability risks have risen. In advanced economies, heightened uncertainty and setbacks to growth are to blame; in emerging markets, declines in oil and commodity prices have kept risks elevated.
This issue examines the causes and implications of major realignments that are affecting global growth. These include the slowdown in China, a further decline in commodity prices, and declining capital flows to emerging markets and developing economies.