Monthly Briefing on the World Economic Situation and Prospects

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 moves to fiscal austerity, further exchange rat ...

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 The euro area’s sovereign debt crisis continues, despi ...

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 growth is slowing worldwide Heavy floods in Centr ...

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  United Nations summit on MDGs secure ...

September 2010 Summary: Global economic recovery is losing steam  Flooding inflicts immense damage on Pakistan’s economy  Wheat prices soar following drought in Russia, but no food shortage expected There are increasing signs of a widespread decelerati ...

August 2010 Summary: World trade is nearing full recovery thanks to strong developing country growth Yet, global economic recovery is losing speed as risk for deflation in developed economies has increased Despite debt relief, humanitarian situation in ...

July 2010 Summary: Global growth may decelerate in the second half of 2010, as the effects of both the upward inventory adjustment and fiscal stimuli fade G20 leaders agreed to ensure a full return to growth with quality jobs, to reform and strengthen ...

June 2010 Summary: The world economy is rebounding but the recovery remains uneven, weak and fragile  At the present speed of the recovery, unemployment rates will take five years to drop to pre-crisis levels The recovery is still mainly driven by gove ...

May 2010 Summary: Economic recovery continues albeit unevenly. While growth is rapid in many emerging economies, it remains fragile in most advanced economies Euro zone countries and the IMF agreed on a three-year programme worth $146 billion to suppor ...