Global Economic Prospects 2015

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

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Two Distinct Windows for Recent Emerging Market Currency Movements

Jamus Lim's picture

Two distinct phases have characterized the recent movement of emerging market currencies. The first phase was a sharp decline when the crisis first occurred, as capital flight into the safety of the dollar led to a significant depreciation of emerging market currencies vis-à-vis the dollar.

A Painful Recovery

Hans Timmer's picture

The tone of the World Bank’s newly published Global Economic Prospects 2010 is somber, with a lot of concern about vulnerabilities and unsolved problems. That might be surprising, because the report also predicts a widespread, global recovery (global growth of 2.7 percent this year and 3.2 percent next year) after the disastrous 2.2 percent contraction of global output in 2009. Is there no reason to celebrate?