Global Economic Prospects 2015

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

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Global Weekly: Implications of the European Central Bank's Quantitative Easing for Developing Countries

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Quantitative easing by the European Central Bank has helped maintain low global borrowing costs, while contributing to a depreciation of the euro and broad-based appreciation of the U.S. dollar. Low interest rates in the Euro Area could provide ongoing support to capital flows to developing countries and help reduce pressures from a gradual normalization of U.S. monetary policy.

Global Daily: U.S. consumer confidence drops sharply in September

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U.S. consumer confidence drops sharply in September

Financial Markets

Oil prices extended their weekly decline on Friday after Wall Street’s most influential voice in oil trading, Goldman Sachs Group Inc., cut its price forecasts, citing a global supply glut and concerns about China’s economy.  Brent, the global benchmark, fell 2.6 percent (or $1.27) to $47.62 a barrel, extending its weekly decline to 3.9 percent, while West Texas Intermediate (WTI), the U.S. benchmark, lost 3.2 percent (or $1.48) to $44.44 a barrel, down 3.4 percent this week.