Global Economic Monitoring Branch (GEMB)

May 2011 Summary: International oil prices increased further amidst continued unrest in the Middle East The United States dollar fell to historic lows Many emerging and developing countries are tight

April 2011 Summary: In addition to the massive human toll and environmental damage resulting from Japan?s triple?disaster (earthquake, tsunami and nuclear catastrophe), ensuing ripple effects are being felt on?global

March 2011 Summary: International oil prices increased further amidst continued unrest in the Middle East Food prices reached new record highs, pushing up inflation worldwide As this went to press, a

February 2011 Summary: International food prices increased to record levels, contributing to both political unrest and greater uncertainty about the global recovery; other commodity prices also increased strongly in January

January 2011 Summary: A further slowdown in global economic growth is expected Developing economies continue to lead the recovery There are major downside risks for a gloomier outlook, including too early

After a year of fragile and uneven recovery, global economic growth started to decelerate on a broad front in mid-2010 and this slower growth is expected to continue into 2011 and 2012. The United Nations baseline forecast for the growth of world gro

December 2010 Summary: European sovereign debt crisis is spreading to larger economies? Increased volatility in equity and foreign exchange markets Uneven economic recovery during the third quarter

November 2010 Summary: Surges in private capital flows pose challenges to emerging economies and enhance tensions over currencies European countries go deeper into fiscal austerity Industrial production gr

October 2010 Summary: Trade tensions and risks of competitive devaluations heighten amidst global economic slowdown and increased turmoil in currency markets Sovereign debt stress returns in some European countries