Publications | Economic Analysis and Policy Division

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20 June 2012

Project LINK Meeting Document 2012

2012 New York, 22-24 October Report on the Project LINK meeting Global Economic Outlook, October Presentation Global Economic Outlook, June Project LINK Meeting Document 2012

16 June 2012

Monthly Briefing on the World Economic Situation and Prospects, No. 44

June 2012 Summary: Growth projections for the global economy revised downward The jobs crisis continues Euro area debt crisis and rising energy prices are key risks Despite some scattered signs of improvement in recent months, the world economic situation and prospects continue to be challenging. After a marked slowdown in the course of 2011, global economic growth will likely remain tepid in 2012, with most regions?expanding at a pace below potential.?The World Economic Situation and Prospects as of mid-2012?projects that world gross product (WGP) will grow by 2.5 per cent in 2012 and 3.1 per cent in 2013, following growth of?2.7 per cent in 2011. This constitutes a slight downward… Monthly Briefing on the World Economic Situation and Prospects, No. 44

16 May 2012

Monthly Briefing on the World Economic Situation and Prospects, No. 43

May 2012 Summary: Quantitative easing by developed countries imposing a tax on the rest of the world IMF resources boosted by $430 billion Unemployment continues to rise in Europe Central banks of developed countries collected an enormous amount of seigniorage through ?quantitative easing? (QE) in two parts?over the last three years. The first part of seigniorage comes from the increases in the monetary base of these central banks through?appropriating the equivalent amount of sources from those who are holding the money. The seigniorage earned in this part over?the past three years is estimated at about $3 trillion (or 8 per cent of GDP of developed countries). In the three years prior… Monthly Briefing on the World Economic Situation and Prospects, No. 43

19 April 2012

Monthly Briefing on the World Economic Situation and Prospects, No. 42

April 2012 Summary: Developed country central banks continue monetary easing China records significant trade deficit in January and February Hungary may become first country to face EU financial sanctions In the United States, the Federal Reserve Bank embarked on a new scheme of quantitative easing (QE) aimed at lengthening the?maturity of its securities holdings. The Fed is planning to purchase $400 billion in Treasury bills with maturities of 6 to 30 years?and to sell an equal amount of short-term holdings by the end of June. In the euro area, as its statutes do not allow the ECB to act?as a lender of last resort for financing of sovereign debts, the ECB has launched two Longer-Term… Monthly Briefing on the World Economic Situation and Prospects, No. 42

16 March 2012

Monthly Briefing on the World Economic Situation and Prospects, No. 41

March 2012 Summary: Rising oil price complicates global recovery Agreement made for second rescue package to Greece Growth slowed in India and Brazil in 2011 During most of February, oil traded above $120 per barrel, reaching levels not seen since May 2011. The increase was triggered in?part by speculation about possible military action against the Iranian nuclear programme and the consequences of a scheduled ban?on oil imports from Iran to be imposed by the European Union. Stalled oil exports from the Syrian Arab Republic and South Sudan?have limited supply by several hundred thousand barrels a day, putting further upward pressure on prices.?Oil prices reached record levels in Europe.… Monthly Briefing on the World Economic Situation and Prospects, No. 41

16 February 2012

Monthly Briefing on the World Economic Situation and Prospects, No. 40

February 2012 Summary: ECB supporting private banks amidst fears of a credit crunch EU leaders agree on a new fiscal compact enhancing fiscal discipline Foreign reserves in Egypt hit dangerous low The sovereign debt crises continue to place stress on European banks. The value of government bonds has fallen with the lowering of?credit ratings for many European countries. This has eroded the balance sheets of banks holding substantial amounts of those assets.?Subsequently, banks have cut lending ? especially to other banks ? and have opted instead to deposit money with the European?Central Bank (ECB), even more so in the final months of 2011. As a result, liquidity available in the… Monthly Briefing on the World Economic Situation and Prospects, No. 40

16 January 2012

Monthly Briefing on the World Economic Situation and Prospects, No. 39

January 2012 Summary: Faltering global economic growth in 2011 High unemployment is the Achilles Heel of the recovery Renewed volatility and heightened risk in financial markets in 2011 The pace of global economic growth slowed markedly in 2011. While official data covering the full year are not available for most?countries, world gross product is estimated to have increased by 2.8 per cent in 2011, compared with 4 per cent in 2010. The slowdown was most severe for developed countries, where the average growth rate was cut in half, sliding from 2.7 per cent in 2010 to 1.3?per cent in 2011. Developing country growth also decelerated by 1.5 percentage points to an average of a still robust… Monthly Briefing on the World Economic Situation and Prospects, No. 39

14 January 2012

World Economic Situation and Prospects 2012

The World Economic Situation and Prospects 2012 cautions that the world economy is on the brink of another major downturn. Global economic growth started to decelerate on a broad front in mid-2011 and is estimated to have averaged 2.8 per cent over the last year. This economic slowdown is expected to continue into 2012 and 2013. The United Nations baseline forecast for the growth of world gross product (WGP) is 2.6 per cent for 2012 and 3.2 per cent for 2013, which is below the pre-crisis pace of global growth. Sales No. E.12.II.C.2
ISBN: 978-92-1-109164-9 Executive Summary:
عربي, 汉语, English, Français, Русский, Español Download Full report in English Table of Contents Chapter I… World Economic Situation and Prospects 2012

21 December 2011

Monthly Briefing on the World Economic Situation and Prospects, No. 38

December 2011 Summary: Grim prospects for world economy Premature fiscal austerity in developed countries is hampering recovery Developing countries remain vulnerable to downturns in the developed economies The world economy is teetering on the brink of another major downturn. Output growth already slowed considerably to an estimated 2.8 per cent in 2011. Based on relatively optimistic baseline assumptions, the United Nations foresees world gross product (WGP)?growth of 2.6 per cent for 2012 and 3.2 per cent for 2013. If the European sovereign debt crisis were to spin out of control and the?weaknesses in the United States economy interact to create a downward spiral, the world economy… Monthly Briefing on the World Economic Situation and Prospects, No. 38

18 November 2011

Monthly Briefing on the World Economic Situation and Prospects, No. 37

November 2011 Summary: EU leaders agree to scale up measures to solve the simmering debt crisis, but hurdles remain Unemployment in developed economies still high and lasting longer Is the G20 falling behind the curve? In late October, European leaders held a marathon negotiating session and finally agreed on a set of measures intended to solve?the?ever-simmering debt crisis. The measures include a 50 per cent write-down of Greek debt held by the private sector, based on a voluntary arrangement between the Greek Government and concerned parties. With this in place and, given the envisaged public sector?reforms, the Greek debt-to-GDP ratio is targeted to reach 120 per cent by 2020.… Monthly Briefing on the World Economic Situation and Prospects, No. 37