Global Economic Prospects 2015

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

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Prospects Daily: Russia downgraded to ‘junk’ by S&P, U.K. growth at 7-year high, Turkey capacity utilization and confidence slip in January

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Financial Markets

U.S. Treasuries advanced on Tuesday, pushing 30-year yields as much as 8 basis points (bps) to a record low of 2.328%. Yields on benchmark 10-year notes also fell 6 bps to 1.77%. The rally in U.S. government bonds is supported by 10-year yields averaging 82 bps more than those on G7 counterparts.

Prospects Daily: World Bank downgrades global economic outlook, Global bond yields slid to record lows, U.S. retail sales slump in December, Brazil’s retails sales slows less than expected

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World Bank lowers forecasts for global growth

Having grown at an estimated 2.6% in 2014, the global economy is at a disconcerting juncture, according to the World Bank’s Global Economic Prospects (GEP) report, released yesterday.
The GEP report predicts the global economy will grow 3% in 2015, below a forecast of 3.4% made in June. The report expects world GDP growth will reach 3.3% in 2016, as opposed to a June forecast of 3.5%, before dipping to 3.2% in 2017.