Global Economic Prospects 2014

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

Development Prospects

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Prospects Daily: Global stocks started the week on a weak note, Germany's industrial production increased 0.4% (m/m) in February, Mozambique’s annual headline inflation accelerated in March, rising to 3.0% up from 2.4% (y/y) in February

Financial Markets…Global stocks started the week on a weak note, after enjoying three weeks of consecutive gains, as a sell-off of technology stocks that started on U.S. market on Friday extended to Asian and European markets. Renewed concern over the geopolitical risk in Ukraine also weighed on investors’ sentiment, especially in Europe. The benchmark MSCI world stock index dropped a third of a percent from last week’s highest levels not seen since late 2007.

Prospects Daily: U.S. Treasuries rise after lower-than-expected March jobs gain, U.S. jobless rate steady at 6.7% while Canada’s falls to 6.9%, Fitch maintains China’s sovereign rating at ‘A+’

Financial Markets… U.S. treasuries advanced on Friday after fewer-than-expected jobs gain for March eased worries over earlier-than-anticipated hike in policy rate by the Federal Reserve. The rally was led by the 5-year Treasury note with its yield sliding 7 basis points (bps) to1.73%, compared to a 2 basis point gain in the 30-year Treasury yield to 3.61%. The benchmark 10-year yield dropped 4 bps to 1.73%. This development reflects that short-term and medium-term Treasury securities are regarded as most vulnerable to a rise in interest rates.
 

World Bank published latest commodity prices: April 2014

John Baffes's picture
In March of 2014, energy prices dropped by 2.1% and the prices of non-energy commodities also decreased by 0.8%. Food prices were down by 1.4%. Beverages jumped by 9.1%. Raw materials were up by 1.4% while fertilizers were off by 3.2%. Metals eased by 3.7%, while precious metals increased by 2.2%.
 
To access recent and long-term historical prices and other commodity-related information, please click here.

Prospects Daily: Turkish lira surges to near three-month high against U.S. dollar, Eurozone annual inflation slows to a 52-month low, Turkey’s annual GDP growth in 2013Q4 beats expectations

Financial Markets…Developing-country stocks advanced on Monday, heading for the longest streak of gains since July, as Russia and the U.S. sought a diplomatic solution to reduce tensions over Russia’s annexation of Ukraine’s Crimea region over the weekend. The benchmark MSCI Emerging Market Index gained 0.5%, trimming its quarterly loss to 1.3% in the first quarter of this year. Russia’s Micex stock index rose for a second day, but the gauge is still down 10% this year, heading for its steepest quarterly drop since 2011.

Prospects Daily: Indian rupee at a seven-month high, U.K. inflation at a four-year low, China’s leading economic index rises in February

Financial Markets…India’s rupee climbed to a seven-month high against the dollar as foreign investors stepped up purchases of the nation’s stocks and bonds by $3.5 billion this month amid election optimism. Investors have speculated the election of a new government will accelerate the country’s economic recovery. The currency gained 0.5% to 60.478 per dollar after appreciating to 60.475, the strongest level since August 12.

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