Global Economic Monitoring Branch (GEMB)

Rates of return in the United States rise relative to the rest of the world European Union sanctions against the Russian Federation extended Recent improvement in East Asia?s exports could see setback amid significant uncertainties

Dollar strengthens in the aftermath of the United States presidential election OPEC agrees to first production cut since the global financial crisis India announces demonetization policy

Surge in global bond issuance may pose a risk to the global economy Saudi Arabia raises $17.5 billion in record sovereign bond sale by an emerging economy Egypt devalues pound to alleviate persistent foreign currency shortages

The Bank of Japan announces decision to cap 10-year bond yields to address deflation and restore profitability and growth United States household incomes rise sharply in 2015 The Nigerian economy contracts at a faster pace amid significant macroeconomic challenges

Global growth prospects restrained by persistent weak labour productivity growth Services trade as a potential source of global growth Growth moderation in India amid a contraction of investment activity

? Brexit triggers policy responses from central banks in both the developed and developing regions ? The weak global economy restrains remittance flows ? China?s GDP growth stabilizes ?

UK vote to leave the EU adds significant uncertainty to the global economy Prolonged weak global growth poses a challenge to sustainable development India further liberalizes its FDI regime

New York, 19?21 October

World gross product projected to expand by just 2.4 per cent in 2016 Forthcoming referendum on EU membership has increased financial market volatility in the United Kingdom Ongoing fiscal adjustment in Africa, the CIS, Latin America and Western Asia continues to constrain prospects