Malaysia Economic Monitor - Catching Up
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Washington, DC: World Bank
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Global growth slowed markedly in H1
2022. This was due to COVID-19 resurgences at the turn of
the year; protracted supply disruptions; reduced
macroeconomic support; and substantial negative spillovers
from the war in Ukraine. The conflict, which has sparked the
largest commodity price shock in 50 years, has exacerbated
the increasingly difficult policy tradeoffs between
supporting growth and managing price pressures. It has
contributed to tightening in global financial conditions,
increased financial market volatility and higher borrowing
costs, particularly in Emerging Markets and Developing
Economies (EMDEs).
Palabras clave
COVID-19, ARMED CONFLICT, SUPPLY DISRUPTIONS, GLOBAL FINANCING CONDITIONS, Emerging Markets and Developing Economies, EMDEs