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Summary: International oil prices increased further amidst continued unrest in the Middle East
Food prices reached new record highs, pushing up inflation worldwide
As this went to press, a
Summary: International food prices increased to record levels, contributing to both political unrest and greater uncertainty about the global recovery; other commodity prices also increased strongly in January
Summary: A further slowdown in global economic growth is expected
Developing economies continue to lead the recovery
There are major downside risks for a gloomier outlook, including too early
by Ingo Pitterle and Rob Vos
Summary: European sovereign debt crisis is spreading to larger economies?
Increased volatility in equity and foreign exchange markets
Uneven economic recovery during the third quarter
Summary: Surges in private capital flows pose challenges to emerging economies and enhance tensions over currencies
European countries go deeper into fiscal austerity
Industrial production gr
Summary: Trade tensions and risks of competitive devaluations heighten amidst global economic slowdown and increased turmoil in currency markets
Sovereign debt stress returns in some European countries