Global Economic Prospects 2015

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

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

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Global Weekly: Key Channels of Growth Spillovers from Emerging Markets

Global Macroeconomics Team's picture

A growth slowdown in emerging markets, in particular in one or several of the BRICS - Brazil, Russia, India, China and South Africa – could have significant spillovers to the rest of the world through trade and finance. Emerging markets have become major export destinations for the rest of the world as well as important sources of remittances, commodity supply and demand, foreign direct investment and official development assistance.

Global Daily:Oil prices fall below $30

Global Macroeconomics Team's picture

Financial Markets

Oil prices fell below $30 a barrel on Friday amid continued turmoil in Chinese markets and concerns over Iranian oil exports, with the lifting of international sanctions possible within days. Brent crude, the global benchmark, slid 3.6 percent to $29.76 a barrel in London, while West Texas Intermediate (WTI), the U.S. benchmark dropped 5 percent to $29.64 a barrel in New York. Brent and WTI prices were on track to close lower for a third straight week, down nearly 20 percent since the beginning of the year.

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