Global Macroeconomic Prospects

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 ...

September 2012 Summary: Slow growth in Europe affecting Asian exports ECB and Fed announce new government bond-buying programmes Growth slows in Brazil The recessionary environment in Europe is directly affecting the growth prospects of many developing ...

August 2012 Summary: Drought in large parts of the United States is pushing up world food prices Emerging markets ease monetary policy to stimulate growth The debt crisis in the eurozone remains a major source of uncertainty  The severe drought affecti ...