Global Economic Prospects, June 2019

Global growth appears to be stabilizing after a period of marked weakness, but it remains fragile. A modest recovery in
emerging market and developing economies continues to be constrained by subdued investment, which is dampening
prospects and impeding progress toward achieving critical development goals. Downside risks to the outlook remain
elevated, and policymakers continue to face major challenges to boost resilience and foster long-term growth. this issue
includes essays on the benefits and risks of government borrowing, recent investment weakness in emerging market and
developing economies, the pass-through of currency depreciations to inflation, and the evolution of growth in low-income
countries.