Monthly Briefing

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 economies The world economy is teetering on the brink o ...

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 falling behind the curve? In late October, European leaders ...

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 Stock markets worldwide ended September with the larg ...

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 continues Global equity markets underwent synchroniz ...

August 2011 Summary: Economic growth is decelerating markedly in many regions; global manufacturing production is stagnating Equity markets have tumbled and exchange rate volatility has resurfaced with continued sovereign debt problems and stalling eco ...

July 2011 Summary: Concerns over sovereign debt sustainability in Europe and the United States cast clouds over global economic recovery Oil and other primary commodity prices remain high, keeping up headline inflation and affecting output growth in ma ...

June 2011 Summary: The United Nations forecast for growth of the global economy was increased slightly to 3.3 per cent in 2011 and 3.6 per cent in 2012 However, the pace of the global recovery remains uneven across countries; output growth is strong am ...

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 tightening monetary policies The value of the United State ...

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 trade, finance and industrial growt ...