February 2013
Summary:
Policy?initiatives?improve?the?situation?in?global?financial?markets
Japanese?yen?depreciates?significantly?after?new?policy?stances
Further?monetary?easing?in?South?Asia
A number of new policy initiatives adopted by major economies in late?2012 and early 2013 seem to have measurably improved the situation in?global financial markets. However, the uncertainties and downside risks?remain elevated. ??
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Download the World Economic Situation and Prospects Monthly Briefing No. 51
Monthly Briefing on the World Economic Situation and Prospects, No. 51
January 2013
Summary:
World economic prospects for 2013 only slightly improving
Uncertainties and risks looming
More proactive and concerted policy actions needed
Five years after the eruption of the global financial crisis, the world?economy is still struggling to recover. According to the United Nations?World Economic Situation and Prospects 2013, growth of world?gross product is forecast to reach 2.4 per cent in 2013 in the baseline?estimates, only a slight improvement from the estimated growth of?2.2 per cent for 2012. Weaknesses in the major developed economies are at the root of the continued global economic?woes. Most of them have been dragged into a downward spiral?by the…
Monthly Briefing on the World Economic Situation and Prospects, No. 50
November/December 2012
Summary:
Effects of quantitative easing on emerging markets weakening
Fiscal cliff looming for the United States
Economic situation in Japan deteriorates further?
Signs of a mild strengthening of economic activity in China
The initial rounds of quantitative easing (QE) by developed country central banks in 2008 and 2009 are estimated to have had mixed effects on emerging market economies (EMEs). Brazil, among others, faced sudden and strong inflows of hot money causing currency appreciation. The real appreciated by more than 35 per cent over that period, perhaps exacerbating the general slowdown in?exports during that time. Asian EMEs showed more limited…
Monthly Briefing on the World Economic Situation and Prospects, No. 49
October 2012
Summary:
World trade continues to slow
Economic uncertainty continues in the eurozone
India?s government enacts significant reforms
Growth of world trade has slowed significantly during the year as a consequence of stalling economic activity in developed countries, especially in Europe. After growing by 5 per cent in 2011, the world trade volume expanded by an annualized rate of only 1.2?per cent in the second quarter of 2012.?Most European economies have entered into recession. While around 70 per cent of European trade is intra-European, the sharp?reduction in import demand is also affecting other economies.?
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Monthly Briefing on the World Economic Situation and Prospects, No. 48
September 2012
Summary:
Slow growth in Europe affecting Asian exports
ECB and Fed announce new government bond-buying programmes
Growth slows in Brazil
The recessionary environment in Europe is directly affecting the growth prospects of many developing countries and economies?in transition by reducing demand for their exports. According to new figures from the Netherlands Bureau of Economic Policy?Analysis (CPB), the euro area?s second quarter import volume was down 4.2 per cent from a year ago. Eurostat data indicate that?Asian exports have been hit hardest.?
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Exports from East and South Asia to the EU fell by 7.2 per cent year on year and from Western Asia (including the Islamic…
Monthly Briefing on the World Economic Situation and Prospects, No. 47
August 2012
Summary:
Drought in large parts of the United States is pushing up world food prices
Emerging markets ease monetary policy to stimulate growth
The debt crisis in the eurozone remains a major source of uncertainty?
The severe drought affecting much of the United States is having a damaging impact on crops. The United States Agricultural?Department (USDA) has downgraded its forecast for maize output by 12 per cent. Futures prices for maize have jumped by over 50?per cent since mid-June. In addition, soybean prices have increased by about 40 per cent this year, while the prices for wheat and?maize are up by about 20 per cent.
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In response to slowing domestic growth and…
Monthly Briefing on the World Economic Situation and Prospects, No. 46
July 2012
Summary:
Marked deceleration in global trade
Progress made in EU bank recapitalization and growth pact
Growth slows in Brazil and India
Monthly data of global and regional trade confirm that a marked deceleration of international trade is underway. During the first?four months of this year, global trade volume was at a stand-still, contracting 0.1 per cent from December 2011 to April 2012, according to the latest data published by the Netherlands Bureau of Economic Policy Analysis (CPB). While short-term trade data?fluctuated significantly, a decelerating trend emerged starting in December 2011, where monthly growth of 0.9 per cent was followed?by weak growth and subsequent…
Monthly Briefing on the World Economic Situation and Prospects, No. 45
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