Monthly Briefing on the World Economic Situation and Prospects, No. 60

• Global?manufacturing?production?has improved
• Economic?recovery?is?strengthening?in?developed?economies,?although?slowly
• Public?fiscal?stimulus?programmes?have?been?a?determinant?factor?in?economic?growth?in?many?developing?countries

Global industrial production accelerated by an annualized rate of 4 per cent?in the third quarter of 2013, in line with an ongoing positive trend in industrial production and trade. This is the fastest pace in about two and a?half years, excluding the exceptional circumstances that followed the flooding?in Thailand and Japan?s nuclear disaster in 2011. Industrial production picked?up in many countries, but the strongest acceleration in output has been experienced in emerging economies, where industrial production growth reached?almost 8 per cent between June and August of this year.?