Monthly Briefing

July 2013 Summary: Global financial turmoil amid expectations of tapering QE stance Significant capital outflows and sharp depreciation of domestic currencies in developing countries Western Europe struggling to move out from recession Large emerging e ...

June 2013 Summary: Financial markets upbeat; real economies sluggish Subdued global growth in 2013 and moderate pick-up expected for 2014 Unemployment remains a key policy challenge Short-term risks have diminished but not disappeared; new medium-term  ...

May 2013 Summary:  Commodity prices decline as global trade remains weak The ECB cuts interest rates, returning to conventional monetary policy Economic momentum weakens in East Asia; another interest rate cut in India The global economy continued to e ...

April 2013 Summary: Renewed concerns about banking fragility in the euro area Capital inflows into emerging markets gain momentum The Bank of Japan discloses its new monetary stance which is beyond market expectations United States housing market stren ...

March 2013 Summary: Sequestration may lead to lower growth in the United States  Weaknesses continue in the European Union China announces a GDP target of 7.5 per cent while India boosts budget spending The Congress of the United States failed to agree ...

February 2013 Summary: Policy initiatives improve the situation in global financial markets Japanese yen depreciates significantly after new policy stances Further monetary easing in South Asia A number of new policy initiatives adopted by major econom ...

January 2013 Summary: World economic prospects for 2013 only slightly improving Uncertainties and risks looming More proactive and concerted policy actions needed Five years after the eruption of the global financial crisis, the world economy is still ...

November/December 2012 Summary: Effects of quantitative easing on emerging markets weakening Fiscal cliff looming for the United States Economic situation in Japan deteriorates further  Signs of a mild strengthening of economic activity in China The in ...

October 2012 Summary: World trade continues to slow Economic uncertainty continues in the eurozone India’s government enacts significant reforms Growth of world trade has slowed significantly during the year as a consequence of stalling economic activi ...