Global Macroeconomic Prospects

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

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

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 ce

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 economie

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 fallin

October 2011 Summary: Equity markets worldwide plunged Euro area dollar liquidity dries up in the midst of Europe?s sovereign debt crisis G20 finance ministers maintain focus on fiscal consolidation

September 2011 Summary: Heightened uncertainty and downside risks for the world economy caused a sell-off in equity markets The sovereign debt crisis in the euro zone remains unabated The jobs crisis