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Global economic prospects : coping with policy normalization in high income countries
After several years of extreme weakness, high income economies appear to be improving, contributing to acceleration in global growth. Most of the acceleration is expected to come from high-income countries, as the drag on growth from fiscal consolidation and policy uncertainty eases and private-sector recoveries gain firmer footing. This report examines global conditions in this regard, including recent developments, prospects for global economic growth driven by high income economies, and the current outlook, as well as estimates of future growth in the case of developing countries