Monthly Briefing on the World Economic Situation and Prospects

WESP 2018 highlights that the strengthening global economy is an opportunity to address structural challenges Several economies in Africa, Latin America and Western Asia still see negligible per capita income growth East and South Asia remain world?s most dynamic regions

WTO?s Eleventh Ministerial Conference to be held against a backdrop of major challenges to the multilateral trading system Rising financial imbalances prompt policy responses in China and the Republic of Korea Higher oil and metal prices driving South America?s economic recovery

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