Global Economic Prospects 2015

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

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Bananas, Mangoes, and Organic Bartlett Pears – Will exports save Latin America?

Derek H. C. Chen's picture
Fruits imported from Latin America are abundant in U.S. grocery stores: Chilean blueberries, bananas from Ecuador, Peruvian mangoes, cantaloupes from Guatemala, Costa Rican pineapples, Argentine Bartlett pears, the list goes on.  With all these exports to the U.S., and a solid recovery underway in the U.S.

Prospects Daily: European stocks move higher on Greek deal hopes, Eurozone business activity hits 7-month high, Mexico economic growth fastest in 2 years

Global Macroeconomics Team's picture
Financial Markets

European stocks extended multi-year highs on Friday as Euro Area finance ministers discussed a new financing deal for Greece. The Stoxx Europe 600 Index rose 0.2% at the closing for a 1.4% weekly gain as markets speculated they will reach a deal on Greece that would let the region’s most indebted country avoid default. The gauge has gained 12% so far this year despite increased volatility following the Greek election.

Tax reforms in South Asia: broader, simpler and pro-growth

Tehmina S. Khan's picture
As discussed in the January 2015 edition of Global Economic Prospects, raising more in tax revenues is critical for the South Asia region. Firstly, fiscal buffers have diminished since the 2008/09 global financial crisis. Although efforts to consolidate are underway, evident for example in the recent fuel subsidy reforms in India, replenishing buffers will also require raising more in revenue.