Publications | Economic Analysis and Policy Division

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11 December 2017

World Economic Situation And Prospects: December 2017 Briefing, No. 109

WTO?s Eleventh Ministerial Conference to be held against a backdrop of major challenges to the multilateral trading system Rising financial imbalances prompt policy responses in China and the Republic of Korea Higher oil and metal prices driving South America?s economic recovery Global issues WTO Ministerial Conference: Strengthening the multilateral trading system at a time of major challenges The Eleventh Ministerial Conference (MC11), the highest decision-making body of the World Trade Organization (WTO), will be held from 10?13 December in Buenos Aires, Argentina. The meeting, which brings together all 164 members of the WTO, comes at a time when the multilateral trading system faces… World Economic Situation And Prospects: December 2017 Briefing, No. 109

13 November 2017

World Economic Situation And Prospects: November 2017 Briefing, No. 108

Rapid growth in cryptocurrencies posing a challenge for policymakers European Central Bank maintains accommodative policy stance while the Bank of England raises its key policy rate for the first time in more than a decade India announces plans to recapitalize State-owned banks Global issues Challenges of cryptocurrencies for policymakers Over the span of less than a decade, cryptocurrencies have grown from a mere internet curiosity into a new multibillion-dollar asset class. In late 2008, Satoshi Nakamoto introduced the concept of blockchains and a store of value called Bitcoin. Since then, over 1,000 types of cryptocurrencies have been created. The ten most valuable coins represent… World Economic Situation And Prospects: November 2017 Briefing, No. 108

10 October 2017

World Economic Situation And Prospects: October 2017 Briefing, No. 107

Capital inflows to emerging economies gain momentum Carbon dioxide emissions from international transport set to increase as global trade rebounds and tourism soars Africa?s economic growth is catching up with population growth Latin America and the Caribbean will see a mild recovery after two years of contraction
Global issues Capital inflows to emerging economies gain momentum Recent trends in global financial markets are driven by the interaction among the improving economic conditions in the world economy, a decline in some global policy uncertainties since early 2017, and expectations for a smooth and gradual transition to the monetary policy stance in the United States of… World Economic Situation And Prospects: October 2017 Briefing, No. 107

11 September 2017

World Economic Situation And Prospects: September 2017 Briefing, No. 106

Trade policy under review in the United States of America Fall armyworm impacting the agricultural sector in Africa Economic fortunes diverging between Haiti and the Dominican Republic Central Bank of Yemen floats currency Global issues Global trade growth rebounds but high policy uncertainty is clouding the outlook Despite elevated uncertainty in the international policy environment, global trade continued to gain momentum in the second quarter of 2017, expanding at its fastest annual pace in six years (Figure 1). The current rebound in world trade activity is taking place on the back of stronger-than-expected growth in many developed and developing economies, the stabilization in global… World Economic Situation And Prospects: September 2017 Briefing, No. 106

14 August 2017

World Economic Situation And Prospects: August 2017 Briefing, No. 105

G20 discuss persistent concerns over supply glut in the global steel market China enhances focus on addressing financial risks The Bolivarian Republic of Venezuela remains mired in a deep economic crisis Global issues G20 address excess capacity in the steel sector On 7-8 July, the Group of Twenty (G20) leaders convened in Hamburg, Germany to discuss major global economic challenges. The Leaders? Declaration issued at the end of the summit touched on several issues, including the need to reshape globalization to ensure that its benefits are more widely shared. It also emphasized the importance of formulating global solutions to address common global challenges such as terrorism,… World Economic Situation And Prospects: August 2017 Briefing, No. 105

11 July 2017

World Economic Situation And Prospects: July 2017 Briefing, No. 104

Modest improvement in the growth outlook for emerging economies but risks remain Diplomatic rift poses economic challenges for Qatar Fragile and uneven economic recovery in Africa and South America Global issues Modest improvement in the growth outlook for emerging economies but risks remain The global economy has continued to strengthen on a gradual path. In Europe and the United States of America, the near-term growth outlook remains favourable, supported by a moderate recovery in investment and better labour market conditions. At the same time, economic activity in several large emerging economies has strengthened, amid a rebound in international trade and relatively higher global… World Economic Situation And Prospects: July 2017 Briefing, No. 104

12 June 2017

World Economic Situation And Prospects: June 2017 Briefing, No. 103

Global growth projected to strengthen to 2.7 per cent in 2017 and 2.9 per cent in 2018 High food price inflation in several countries raises concerns over worsening food insecurity Brazil returns to positive growth in the first quarter Global issues Global growth strengthens, but prospects for some of the world?s poorest regions have deteriorated Global economic growth has strengthened since January, supported by a moderate recovery in trade and investment. According to the World Economic Situation and Prospects as of mid-2017 report (WESP mid-2017), world gross product is expected to expand by 2.7 per cent in 2017 and 2.9 per cent in 2018. Underpinning the recovery is firmer growth in… World Economic Situation And Prospects: June 2017 Briefing, No. 103

08 May 2017

World Economic Situation And Prospects: May 2017 Briefing, No. 102

Slowdown in productivity growth posing a medium term challenge for developing countries Weaker-than-expected first quarter growth in the United States of America Plunge in cocoa prices delaying economic recovery in West Africa Global issues Recent slowdown in productivity growth highlights medium-term challenges for developing countries Recent indicators have shown a gradual strengthening of global economic activity since late 2016. In tandem with an improvement in aggregate demand, international trade and manufacturing output have rebounded, while commodity prices have risen from their lows seen in early 2016. Amid a general improvement in business sentiment, several large economies,… World Economic Situation And Prospects: May 2017 Briefing, No. 102

10 April 2017

World Economic Situation And Prospects: April 2017 Briefing, No. 101

The United States Federal Reserve raises its key policy rate by 25 basis points, amid continued strengthening of labour market conditions Rapid rise in inflation poses policy challenges for several developing economies in Africa, South Asia and Western Asia East Asian economies are experiencing a rebound in exports, but the trade outlook faces significant downside risks Global issues Multinational enterprises supporting jobs growth in the United States rather than diverting jobs abroad The labour market in the United States of America has exhibited a pronounced recovery since the global financial crisis, when the unemployment rate reached a peak of 10 per cent in October 2009. The… World Economic Situation And Prospects: April 2017 Briefing, No. 101

13 March 2017

World Economic Situation And Prospects: March 2017 Briefing, No. 100

Rising headline inflation primarily reflects higher energy prices, amid a modest recovery in global demand Stronger-than-expected fourth quarter growth in Canada, China and India Argentina and Brazil are set to emerge from recession Global issues Shifting global inflation dynamics As highlighted in the World Economic Situation and Prospects (WESP) 2017 report released in January, the trend of extremely low inflation rates has been a persistent concern for policymakers, particularly in developed economies and parts of Asia. A prolonged period of extremely low inflation can have significant adverse effects on economic activity. One of them is the increased risk of a debt-deflation spiral:… World Economic Situation And Prospects: March 2017 Briefing, No. 100