Thanks to a pickup in manufacturing and trade, the global economy is recovering, but weak productivity and investment growth threaten long-term prospects in developing economies, the World Bank reported.

The World Economic Forum on the Middle East and North Africa concluded today with strong expressions of hope for Jordan and the region, as well as recognition that investing in educating young people is critical.

O
ver the last six months, global economic progress has predictably picked up, but low-level growth in some regions has tempered efforts to meet globally agreed development goals, according to a new United Nations report launched today in New York.

W
hile the economic performance of Latin America is expected to be better this year and next compared to 2016, uncertainties and risks could get in the way of the opportunities, leaders from government, finance and international organizations concluded in a session on the economic outlook for the region at the 2017 World Economic Forum on Latin America.

Leaders at the World Economic Forum on Latin America agreed that “new global realities”, including votes in the United States and the United Kingdom, offered opportunities for the region to develop closer trade and political relations, both internally and with the rest of the world.

The European Investment Bank (EIB) and World Economic Forum have issued a call to action for social inclusion to be put at the heart of EU economic policy. It comes as a new joint White Paper by both organizations, with contributions from the think tank Bruegel, is launched to make the case for more private-public sector partnership to drive a more inclusive approach to growth in Europe.

The World Economic Forum has released a new report on the level of trust in the Infrastructure and Urban Development industries and its connection to addressing corruption.

At the World Economic Forum Annual Meeting 2017, ministers of G20 countries called on members to continue on the path of inclusive growth, warning against protectionism. “If you want to get more inclusive growth, you need more free trade,” said Wolfgang Schäuble, Federal Minister of Finance of Germany, which holds the G20 presidency. Schäuble added that the G20 should be redoubling efforts to promote inclusive growth as part of free trade.

After years of relentless focus on costs, settlements and regulations, the future of banking is looking brighter, agreed panellists in a session at the World Economic Forum Annual Meeting. On the regulatory front, the majority predicted a significant paring-back of regulatory regimes such as Dodd-Frank, the Volcker rule and Basel IV.

With the United States looking set to step back from the international arena, China will likely take on an larger role to preserve the global economic system of which it has been a major beneficiary.

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