Monthly Briefing on the World Economic Situation and Prospects

Rapid growth in cryptocurrencies posing a challenge for policymakers, European Central Bank maintains accommodative policy stance while the Bank of England raises its key policy rate for the first time in more than a decade, India announces plans to recapitalize state-owned banks

Capital inflows to emerging economies gain momentum Carbon dioxide emissions from international transport set to increase as global trade rebounds and tourism soars Africa?s economic growth is catching up with population growth Latin America and the Caribbean will see a mild recovery after two years of contraction

Trade policy under review in the United States of America Fall armyworm impacting the agricultural sector in Africa Economic fortunes diverging between Haiti and the Dominican Republic Central Bank of Yemen floats currency

Modest improvement in the growth outlook for emerging economies but risks remain Diplomatic rift poses economic challenges for Qatar Fragile and uneven economic recovery in Africa and South America

Modest improvement in the growth outlook for emerging economies but risks remain Diplomatic rift poses economic challenges for Qatar Fragile and uneven economic recovery in Africa and South America

Global growth projected to strengthen to 2.7 per cent in 2017 and 2.9 per cent in 2018 High food price inflation in several countries raises concerns over worsening food insecurity Brazil returns to positive growth in the first quarter

Slowdown in productivity growth posing a medium term challenge for developing countries Weaker-than-expected first quarter growth in the United States of America Plunge in cocoa prices delaying economic recovery in West Africa

The United States Federal Reserve raises its key policy rate by 25 basis points, amid continued strengthening of labour market conditions Rapid rise in inflation poses policy challenges for several developing economies in Africa, South Asia and Western Asia East Asian economies are experiencing a rebound in exports, but the trade outlook faces significant downside risks

Rising headline inflation primarily reflects higher energy prices, amid a modest recovery in global demand Stronger-than-expected fourth quarter growth in Canada, China and India Argentina and Brazil are set to emerge from recession