Global Economic Monitoring Branch (GEMB)

March 2011 Summary: International oil prices increased further amidst continued unrest in the Middle East Food prices reached new record highs, pushing up inflation worldwide As this went to press, a devastating earthquake in Japan occurred, causing th ...

February 2011 Summary: International food prices increased to record levels, contributing to both political unrest and greater uncertainty about the global recovery; other commodity prices also increased strongly in January The economic recovery in the ...

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 ...