The global economic prospects is a world bank group flagship report on a twice yearly basis january and june it examines global economic developments and prospects with a special focus on developing countries. Global economic prospects january 2015 having fiscal space and using it english abstract global growth again disappointed in 2014 but a lackluster recovery is underway with increasingly divergent prospects in major economies. Global economic prospects january 2015 having fiscal space and using it. The global economic prospects is a world bank group flagship report on a twice yearly basis january and june it examines global economic developments and prospects with a special focus on developing countries world bank group 2015 global economic prospects january 2015 having fiscal space and using it world bank publications . Global economic prospects executive summary having fiscal space and using it january 2015 global growth in 2014 was lower than initially expected continuing a pattern of disappointing outturns over the past several years