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 ...

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Indeed, low stocks have been important. But, the recent boom was a result of a "perfect storm", hence most of the 10 or so factors can be assigned the "blame" of being the key factor. (When the boat sinks, is it the last ("marginal") person that causes it to go down?) In fact, a quick look at the literature shows that at least five of these factors have received the blame as being the single most important cause of the boom (biofuels, low stocks, speculation, excess liquidity, demand by China/India).