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March 2012

Developing country growth - The paradox of decoupling

Theo Janse van Rensburg's picture

Growth in developing countries will continue be a key determinant of global growth.

Over the next two years, more than one-half of global growth will be accounted for by developing countries, even though 2012 is projected to be their second weakest year of growth (only the crisis year of 2009 was worse) in the past 10 years.1

Prospects Weekly: Remmittance flows and tourist increase in developing countries

Global Macroeconomics Team's picture
The heightened uncertainty of last year impinged on remittance flows to developing countries, with European and Gulf Co-operation Council (GCC) dependent economies showing the greatest declines. Those reliant on the United States for remittances saw an improvement in flows as the labor market there picked up.

Prospects Weekly: Developing country retail sales have picked up in recent months

Global Macroeconomics Team's picture
In a sign of strengthening domestic demand, developing country retail sales have picked up in recent months, edging closer to their long-term average growth rate. For high-income countries the situation is mixed, with robust growth in the United States and weakness persisting in the Euro Area.

Global Commodity Watch - March 2012

John Baffes's picture

Non-energy commodities rose by 2.9 percent in February—a second straight monthly increase—on various supply shortfalls and, in part, due to depreciation of the U.S. dollar (down 1.7 percent against a broad group of major trading partners). Agriculture and metals prices increased as weather-related supply losses affected tin output in Indonesia and soybean crops in Latin America, but there were also supply constraints elsewhere. Crude oil prices surged higher on supply losses and geopolitical tensions over Iran’s nuclear program. 

 

Prospects Daily: Greece closes debt deal... U.S. jobs growth strong in February

Global Macroeconomics Team's picture

Important developments today:

1. Greece successfully completes the biggest sovereign restructuring in history

2. U.S. employment growth in February beats expectations

3. Consumer price inflation in China dipped to 3.2 percent in February (y/y), down sharply from the previous month’s 4.5% performance