Monthly Briefing on the World Economic Situation and Prospects

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Moderate global economic expansion in 2014, as post-crisis adjustments continued In 2015, developed economies to be led by a stronger U.S. economy, while downside risks remain significant in Japan and the euro area Developing economies to be led by East Asia, while several large emerging economies face internal and external challenges

Download the World Economic Situation and Prospects Monthly Briefing No. 73 December 2014 Summary ?? Further appreciation of the U.S. dollar Japan registers technical recession during the third quarter Lower

Sharp decline of oil prices and renewed volatility in financial markets Low inflation in Europe remains a concern Diverging monetary policies in developed economies

Sharp appreciation of the U.S. dollar Western European economy continues to struggle Ebola takes severe tolls in West Africa

Russian Federation and European Union economies affected by reciprocal economic sanctions U.S. labour market situation presents challenge to setting monetary policy Brazil falls into recession, while India expands faster than expected

August 2014 Summary: Global equity markets face potential policy shocks ?BRICS announce the creation of the?New Development Bank ?Argentina defaults on its sovereign debt Extr

July 2014 Summary: World trade continues sluggish recovery ?Oil prices soar amid political instability in Iraq Disappointing first quarter for developed economies Despite expectations

June 2014 Summary: World economic growth is expected to accelerate?in 2014-2015 North American and European economies will experience a similar growth trajectory ?Developing economies face stronger c