April 2011
Summary:
In addition to the massive human toll and environmental damage resulting from Japan?s triple?disaster (earthquake, tsunami and nuclear catastrophe), ensuing ripple effects are being felt on?global trade, finance and industrial growth
Unrest in North Africa and the Middle East continues to contribute to a further surge in global?energy and commodity prices
Inflationary pressures resulting from rising food and energy prices have led many Governments to?tighten monetary policies
Japan?s triple disasters (earthquake, tsunami and nuclear catastrophe) are causing?ripple effects for global trade, finance and industrial growth. Japan accounts for 9?per cent of world gross…
Monthly Briefing on the World Economic Situation and Prospects, No. 30
March 2011
Summary:
International oil prices increased further amidst continued unrest in the Middle East
Food prices reached new record highs, pushing up inflation worldwide
As this went to press, a devastating earthquake in Japan occurred, causing the loss of thousands?of human lives and huge economic damages
Ministers of Finance and Central Bank Governors of the G20 met in Paris on 18 and 19 February in preparation for the April G20?summit. Recently, differences of approach have been surfacing between G20 members on central issues, such as the re-emergence?of global imbalances, escalations in prices of commodities and fiscal and private sector balances. The meeting succeeded in…
Monthly Briefing on the World Economic Situation and Prospects, No. 29
February 2011
Summary:
International food prices increased to record levels, contributing to both political unrest and greater uncertainty about the global recovery; other commodity prices also increased strongly in January
The economic recovery in the United States and Europe remains too weak to push unemployment ?rates down
Economic growth in developing regions is still robust, though its pace is moderating in some countries
According to the Food and Agriculture Organization of the United Nations (FAO),?the world food price index reached an unprecedented high of 231?in January, accelerating the recent upward trend that started in mid-2010.?The prices of sugar, oil and fats, and cereals…
Monthly Briefing on the World Economic Situation and Prospects, No. 28
January 2011
Summary:
A further slowdown in global economic growth is expected
Developing economies continue to lead the recovery
There are major downside risks for a gloomier outlook, including too early moves to fiscal austerity, further exchange rate volatility and a renewed widening of the global imbalances
After a year of fragile and uneven recovery, global economic growth started?to decelerate on a broad front in mid-2010 and this slowdown is expected to?continue into 2011 and 2012. The United Nations baseline forecast for the?growth of world gross product (WGP) is 3.1 per cent for 2011 and 3.5 per cent?for 2012, which is below the 3.6 per cent estimated for 2010 and the pre-crisis?…
Monthly Briefing on the World Economic Situation and Prospects, No. 27
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