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World Bank published latest commodity prices: December 2011

John Baffes's picture

In November energy prices rose by 4.5%. Non-energy prices extended their decline by 3.3%; food prices slipped by 0.8%; beverages declined by 3.3%; raw materials prices plummeted by 11.2%; metals fell by 2.5%; fertilizers dropped by 1.8%. The US dollar appreciated 1.3% against the euro and 0.6% against a broad index of currencies.

Prospects Weekly: Global financial markets are eager for policy action

Global Macroeconomics Team's picture

Global financial markets are eager for policy action. Bond yields for high-spread Euro Area sovereigns remain high, but eased somewhat this week with successful bond issuances by France and Spain and optimism that EU leaders will reach agreement to resolve the debt crisis at the forthcoming December 9th EU summit.

Prospects Weekly: Q3 Euro Area GDP growth remained positive

Global Macroeconomics Team's picture

Despite escalating debt concerns, Q3 Euro Area GDP growth remained positive mostly on account of robust growth in the two largest economies Germany and France. Q3 GDP growth was even stronger in the US, Japan and China (all of which benefitted from the post-Tohoku bounce back), with consumer spending also being an important growth driver.