Global Economic Prospects 2015

The global economy is still struggling to gain momentum. Read more ...

Development Prospects

Providing information, analysis, and advice on global trends in the world economy.  Find out more ...

Global Economic Monitor

Now free. Daily and monthly updates on global economic developments and relevant topical issues. Find out more ...

Syndicate content

January 2015

Prospects Daily: Russia downgraded to ‘junk’ by S&P, U.K. growth at 7-year high, Turkey capacity utilization and confidence slip in January

Global Macroeconomics Team's picture
Financial Markets

U.S. Treasuries advanced on Tuesday, pushing 30-year yields as much as 8 basis points (bps) to a record low of 2.328%. Yields on benchmark 10-year notes also fell 6 bps to 1.77%. The rally in U.S. government bonds is supported by 10-year yields averaging 82 bps more than those on G7 counterparts.

Prospects Daily: World Bank downgrades global economic outlook, Global bond yields slid to record lows, U.S. retail sales slump in December, Brazil’s retails sales slows less than expected

Global Macroeconomics Team's picture
World Bank lowers forecasts for global growth

Having grown at an estimated 2.6% in 2014, the global economy is at a disconcerting juncture, according to the World Bank’s Global Economic Prospects (GEP) report, released yesterday.
The GEP report predicts the global economy will grow 3% in 2015, below a forecast of 3.4% made in June. The report expects world GDP growth will reach 3.3% in 2016, as opposed to a June forecast of 3.5%, before dipping to 3.2% in 2017.

World Bank published latest commodity prices: January 2015

John Baffes's picture
In December 2014, energy prices dropped sharply by 18.6%, while the prices of non-energy commodities went down slightly by 2.5%. Food prices were down by 1.8%. Beverages declined by 2.4%. Raw materials went down by 0.9%, and fertilizers were slightly down by 0.1%. Metals and minerals decreased by 5.0%, but precious metals went up by 2.1%.
To access recent and long-term historical prices and other commodity-related information, please click here.

Prospects Daily: Oil prices continue to plunge, Eurozone investor confidence improves for the third consecutive month, Turkey’s inflation eases more than expected

Global Macroeconomics Team's picture
Financial Markets

The sell-off resumed for oil prices on both sides of the Atlantic on Monday as concerns about a stock surplus and demand weakness weighed on crude markets. ICE February Brent—the international oil marker—fell $2.67 to $53.75 a barrel in Monday trading to fresh five-and-a-half-year lows, having posted in 2014 its second-largest annual drop since records began. Meanwhile, the Nymex February West Texas approached $50 a barrel and the US benchmark dropped $2.14 to $50.55. Both reached levels last hit in May 2009.