Global Economic Monitoring Unit (GEM)

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

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

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

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

Weak global growth continues to linger, posing a challenge to the implementation of the 2030 Agenda for Sustainable Development. World gross product is projected to expand by just 2.4 per cent in 2016, the same weak rate as in 2015.

Argentina re-enters international capital markets after 15 years Deflationary trends remain a concern in euro area and Japan GDP growth in China in line with government target, but United States and Republic of Korea fall short of expectations