February 2014
Summary:
Emerging economies face renewed financial turbulence?
U.S. economy registered robust GDP growth in the?fourth quarter of 2013
?Last quarter of 2013 revealed a heterogeneous?economic performance in developing world
In January 2014, the currencies of several developing economies?depreciated sharply vis-?-vis the U.S. dollar once again, repeating?the episode of the summer of 2013 when the United States Federal?Reserve (Fed) announced its intention to begin tapering the purchase of long-term assets in the near future. This new episode may?indicate a revaluation of financial positions in emerging economies,?triggering further capital outflows and requiring painful…
Monthly Briefing on the World Economic Situation and Prospects, No. 63
January 2014
Summary:
World economy is expected to improve in 2014
Unemployment rates remain a major challenge
Downside risks to the baseline scenario persist
Global economic growth is projected to increase over the next two?years, building on the recent improvement in developed and major?emerging economies. The global economy is expected to grow at a?pace of 3.0 per cent in 2014 and 3.3 per cent in 2015, compared?with an estimated growth of 2.1 per cent for 2013.
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A challenging global employment situation persists. In addition to?high unemployment levels, the depth and length of labour market?imbalances is leading to long-term and structural unemployment,?becoming more than a mere…
Monthly Briefing on the World Economic Situation and Prospects, No. 62
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