14 September 2015 Summary
Volatility soars in global financial markets
Concerns over China's economy are mounting
Stronger-than-expected GDP growth in the U.S., while economic growth slo
Macroeconomic Analysis
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??Central banks in developed and emerging economies ease monetary policy
Agreement reached to extend Greece's bailout programme through June
Inflation pressures increasing in CIS economies, while easing in many other emerging economies
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Global economic growth is forecast to increase marginally over the next two years at 3.1 per cent in 2015 and 3.3 per cent in 2016, compared with an estimated growth of 2.6 per cent for 2014. An expected US interest rate increase, remaining euro area
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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
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December 2014 Summary
?? Further appreciation of the U.S. dollar
Japan registers technical recession during the third quarter
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