Global Economic Monitoring Unit (GEM)

Sharp appreciation of the U.S. dollar Western European economy continues to struggle Ebola takes severe tolls in West Africa

Russian Federation and European Union economies affected by reciprocal economic sanctions U.S. labour market situation presents challenge to setting monetary policy Brazil falls into recession, while India expands faster than expected

August 2014 Summary: Global equity markets face potential policy shocks ƒBRICS announce the creation of the New Development Bank ƒArgentina defaults on its sovereign debt Extremely loose monetary policies adopted by major monetary authorities in develo ...

July 2014 Summary: World trade continues sluggish recovery ƒOil prices soar amid political instability in Iraq Disappointing first quarter for developed economies Despite expectations for a return to previous growth rates this year, world trade has gro ...

June 2014 Summary: World economic growth is expected to accelerate in 2014-2015 North American and European economies will experience a similar growth trajectory ƒDeveloping economies face stronger challenges, but will continue with relatively robust e ...

The World Economic Situation and Prospects 2014 reports that the global economy is improving but remains vulnerable to new and old headwinds. Global economic growth is forecast to accelerate from a sluggish 2.1 per cent in 2013 to 3.0 per cent in 2014 ...

Change in world trade of goods and services World Economic Situation and Prospects Weekly Highlight No. 54

May 2014 Summary: Financing conditions improve in euro area peripheral countries and in emerging economies ƒU.S. economy bounces back after a difficult first quarter ƒChina’s first-quarter GDP growth the slowest in two years Sovereign debt markets in t ...

Income inequality and economic growth World Economic Situation and Prospects Weekly Highlight No. 53