AWorldBankGroupFlagshipReportJANUARY2022GlobaleconomicProspectsWORLDBANKGROUID
GlobalcconomicProsoects
A World BankGroupFlagshipReportJANUARY2022GlobaltconomicProsoectsWORLDBANKGROUP
9 2022 Intemarional Bank for Reconstruction and Development / The World Bank1818HSuree NW, Washingaon,DC20433,Telephone;202-473-1000; Internec: w.worldbank.orgSome rights reserved123425242322This workisa product of he saffof The World Bank with external contrbutions. The findingscondusions expessed in this work do not necsrly relect thExecutive Directorsor the govemments they represent. The World Bankacuded in this work and does not assume responsibility for any errors, omissions, or discrepancies in the in formation, oriability with respect to the use of or falure to use the information, ethods, proces, or conclusions se forth. Theboundaries colos, denominations and other infomation shown on any map in this work do not imply any judgment onthe pant of The World Bank oncerming the legal starus of any eritory or theendorsement or acepance of such boundarieNothing herein shall consitute or be consrued or onsdered to bea limitation upon or waiver of the privilegs and immunities of The World Bak, allof which are specifecly eserved.Rights and PermissionsThis work isavailable under the Creativ3.0IGOlicense(CCBY3.0IGO)distibute, transmit, and adapt this work, induding for commercial purposes, under the following conditions:Atbution-Pleae ie hewak s oloes W od lak 202. GhbnlEonmomc Phmpont, aman 2022 Wahingon.DCWorld Bank. doi: 10.1596/978-1-4648-1758-8.License: Creative Commons Atribution CCBY3.0IGO-If you create a translation of this work, please add the following disdlaimer along with the attribution: ThitranslationuasnoncratedbyThe WorldBank-and shouldnot be considkred anoficial WorldBankrslation.The WorldBankshallnotbeliableforanycontent orcrrorinthistranslation.add the following dischainer along with the aturibution:ThisankVieus and opinions cxpresed intbeadapuationarethe oleraponsibilityojnt of the content contained within the workre does not warrant that the use ofany third-party-owned individual component or part contained inon the righs of those chir parties. The riskof chaims resulting from auch infringement ressolelya cmponen f he worh,i s our reponsblt o cemin whether permis io s nectedthat re-use and to obtain permission fom the opyright owner. Examples of components can include, but are not limitedto,tables, figures, or images.Allqueries on ights and licenses should be ad dresed to World Bank Publiations, The World Bank Group, 1818 H StreNW, Washington, DC 20433, USA; e-mail: pubrights@worldbank.orISBN(paper):978-1-4648-1758-8ISBN(dlecronic;:978-1-4648-1760-1Coverdesign: Bill Pragluski(CriticalStages),The Library of Congres Control Numberhas been requested Thecurof datefor he data used in this report was December 20,2021
Summary of ContentsAcknowledgment......Forw............................xviiFxecntiveSumm.ar.........e,XixAbbreviations......
