Global Economic Prospects 2014

Five years after the financial crisis, the world economy is showing signs of bouncing back. Read more ...

Development Prospects

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

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Blogs

​Prospects Daily: U.S. government bonds rise on slower economic growth, Spain grows the fastest in 6 years, South Africa’s trade balance records a larger-than-expected deficit in March

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Financial Markets
 
Treasury securities strengthened on Wednesday as U.S. first-quarter economic growth slowed more than forecasted, boosting demand for safe-have government debt. Weak U.S. GDP number fueled speculation the Federal Reserve won’t accelerate pace in withdrawing monetary stimulus. In recent trading, the benchmark 10-year yields dropped 3 basis points (bps) to 2.66%, while 5-year note yield declined 4 bps to 1.70%.
 

Prospects Daily: S&P cuts Russia’s sovereign credit rating, Russia unexpectedly hikes key rate on higher inflation risks, Brazil’s consumer confidence drops to five-year low

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Financial Markets
 
Developing-country stocks are heading for the biggest weekly loss in six weeks amid mounting tensions over Ukraine. The benchmark MSCI Emerging Market Index dropped 0.9% to the lowest level since April 1 in afternoon trading, extending its weekly drop to 1.6%. China’s Shanghai Composite Index fell 1% at the closing, and it slumped 2.9% this week amid concerns over Chinese economic slowdown. The developing-country stock gauge has declined 0.8% thus far this year, compared with a 1.2% gain for mature-market gauge.
 

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