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 ...

Global Economic Monitor

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

Syndicate content

Blogs

Prospects Daily: U.S. stock reaches fresh record high on jobs report, U.S. employers add 175K jobs in February despite harsh weather, Mexico’s inflation rate slows, South Africa’s reserves increase

Global Macroeconomics Team's picture

U.S. stock reaches fresh record high on jobs report… U.S. employers add 175K jobs in February despite harsh weather…Mexico’s inflation rate slows, South Africa’s reserves increase

 

Prospects Daily: Spanish and Italian borrowing costs reach multi-years lows, U.S and U.K service sectors continue to expand, China sets 2014 growth target at 7.5%

Global Macroeconomics Team's picture

Financial Markets… Spanish and Italian 10-year borrowing costs touched multi-years lows on Wednesday as the latest surveys showed the euro-area services and manufacturing grew more-than-expected in February, boosting demand for the region’s high-yielding bonds. Spain’s 10-year bond yield fell as much as 9 basis points to 3.35%, the lowest level since October 2005. Improving creditworthiness of the two countries drove their 10-year government bond yields to below 4% this year for the first time since 2010.

World Bank published latest commodity prices: March 2014

John Baffes's picture
In February of 2014, energy prices increased by 2.5% and the prices of non-energy commodities also increased by 1.9%. Food prices were up by 3.6% as beverages skyrocketed by 10.4%. Raw materials were off by 0.3% while fertilizers climbed by 1.6%. Metals eased by 2.2%, while precious metals jumped by 4.4%.
 
To access recent and long-term historical prices and other commodity-related information, please click here.

Prospects Daily: Global stocks bounce back as Ukraine tensions ease, OECD inflation rises slightly in January, China’s PMI at 7-month low

Global Macroeconomics Team's picture

Financial Markets…Global equities bounced back on Tuesday as Ukraine tensions eased. The rebound was led by European stocks with the benchmark Stoxx Europe 600 Index advancing 2.1%, the biggest rally in eight months. The European gauge tumbled 2.3% yesterday after Russia’s parliament granted President Putin the authority to use military force in Ukraine. Asian and developing-country shares also recovered amid improving investor sentiment. U.S. equities gained as well, with the S&P 500 index surging 1.4% to a fresh record high in mid-day trading.

Prospects Daily: Chinese stocks and currency tumble on Tuesday, European Commission sees faster Eurozone recovery on firming domestic demand, South Africa’s Q4 GDP growth exceeds expectations

Global Macroeconomics Team's picture

Financial Markets…Chinese stocks dropped the most in five months amid worries over property markets and the country’s currency weakened the most in more than three years. The benchmark Shanghai Composite Index fell 2%, extending its four-day decline to 5.1%, led by a slump in property stocks on mounting funding concerns. China’s yuan depreciated 0.46% versus the dollar to 6.1266, the steepest drop since November 2010, spurred by signs Chinese economy is losing momentum.

Prospects Daily: U.S. equities rise to record high on Monday, German business confidence highest since July 2011, Brazil’s consumer confidence lowest since May 2009

Global Macroeconomics Team's picture

Financial Markets…U.S. stocks rallied on Monday, with the S&P 500 index rising to a record high, as investors speculated the world biggest economy can withstand the normalization of Fed’s monetary policy. The U.S. stock rally shrugged off worries over a cooling property market in China. The S&P 500 gained as much as 0.9% to an all-time high of 1,852, surpassing a previous high of 1,848.38 reached on January 15, and the Dow Jones industrial average was also up 0.9% in morning trade. The S&P index has bounced back 5.4% from its low on February 3.

Pages