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

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Global Daily: U.S. private sector employment rises firmly in June

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Financial Markets

Greek Prime Minister Alexis Tsipras urged voters on Wednesday to reject austerity measures in Sunday’s referendum on Greece’s bailout package offered by creditors, saying that a “no” vote does not mean a rejection of the euro, but would instead increase pressure on international creditors to give the country an economically viable deal.  Germany said earlier there could be no talks on a new bailout until after Greece’s referendum on July 5th.

Global Weekly: Liftoff in U.S. Interest rates and Capital Flows to Emerging Markets

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The expected normalization of U.S. policy interest rates entails some risks of disruption to capital flows to emerging and developing countries. However, a strengthening recovery in the United States and continued policy easing by other major central banks should help mitigate these effects.

Global Daily: Eurozone consumer prices rise for first time in six months

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Financial Markets

The dollar strengthened against the yen on Wednesday, supported by higher U.S. Treasury yields and widespread expectation that the Fed may signal it is on track for its first rate hike since 2006 by year’s end.  The yield on the benchmark 10-year Treasury note rose 5 basis points to 2.38 percent, as higher U.S. bond yields tend to support the dollar by raising return on dollar-denominated securities.  The greenback was up 0.7 percent to 124.27 yen, while it was little changed versus the euro at $1.1243.

Global Weekly: Recent Developments in Emerging and Developing Country Labor Markets

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Relative to the advanced economies, the Great Recession had a mild impact on the labor markets of developing countries. The resilience of developing-country labor markets reflects, in large part, stronger output growth during and after the crisis. Moderating growth in several large developing countries has not yet had a large labor market impact, but some signs of weakness are emerging.