May 2014
Summary:
Financing conditions improve in euro area peripheral?countries and in emerging economies
?U.S. economy bounces back after a difficult first?quarter
?China?s first-quarter GDP growth the slowest in?two years
Sovereign debt markets in the peripheral countries of the euro area?have rallied since the fourth quarter of 2013, with yields on 10-year?government bonds falling to pre-crisis levels and in some cases even?below. Yields on Spanish 10-year bonds, for example, fell?below 3.1 per cent, their lowest level since 2005. In part, the euro area?peripheral countries have benefited from the flight to relative quality?capital flows of emerging economies. In addition, the…
Monthly Briefing on the World Economic Situation and Prospects, No. 66
April 2014
Summary:
Global employment remains a challenge
?United States Federal Reserve faces challenges in?adjusting its monetary policy
Financial markets in emerging economies stabilized
The preliminary estimates for employment and unemployment,?prepared by the International Labour Organization (ILO), show?that labour markets have been affected by the slow recovery in?2013. Globally, employment grew by 1.4 per cent in 2013?similar to the 2012 expansion, but stubbornly slower than the growth?of pre-crisis years. As a result, the global jobs gap (measuring the?number of current jobs lost in comparison with the pre-crisis trend)?widened further to 62 million in 2013. Across regions,…
Monthly Briefing on the World Economic Situation and Prospects, No. 65
March 2014
Summary:
World economy is struggling to gain momentum
?Emerging economies face policy dilemma in trying to?stabilize currencies
G20 meeting makes call for new measures to lift growth and create jobs
The global economy seems to have hit a speed bump in recent?months amid colder than expected weather in the United States of?America, a softening manufacturing sector in China and financial?turbulence in many emerging economies. High-frequency data on?industrial activity and trade suggest that the recovery of the world?economy is struggling to gain momentum. According to data from?the CPB Netherlands Bureau for Economic Policy Analysis, global?trade activity lost strength towards…
Monthly Briefing on the World Economic Situation and Prospects, No. 64
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
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