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A New Multipolar World Economy

Jamus Lim's picture

The global economy is currently is the throes of a great transformation in economic structure, power, and influence. The economies that have been commonly called "emerging markets" appear to have finally "emerged," and are coming into their own in terms of their contributions to global economic and financial activity, the international corporate landscape, and even the shape of the international financial system (which are discussed in turn below).

Global Commodity Watch - May 2011

John Baffes's picture

Non-energy commodity prices rose 2.0 percent in April due to supply concerns and depreciation of the dollar—down 1.6 percent against a broad group of currencies. However prices for many commodities fell in early May on concerns about slowing demand and a sharp gain in the value of the dollar, Silver, cotton, and sugar (and crude oil) fell most.


Prospects Weekly: U.S. GDP surprised to the downside in Q1-2011

Global Macroeconomics Team's picture

Temporary factors, including adverse weather and a fall in defense spending weighed on U.S. growth in the first quarter of 2011, but GDP is expected to bounce back, as some of these factors abate. Meanwhile monetary tightening is picking up in developing countries as the risk of second round inflationary pressure rears its head while signs of overheating are emerging in several developing economies.

World Bank publishes latest commodity prices: May 2011

John Baffes's picture

Commodity prices (measured in U.S. dollars) mostly higher in April 2011.  Energy prices jumped by 6.5%.  Non-energy prices increased by 2.0%; food prices edged up by 0.9%; beverages fell by 1.8%; raw materials prices rose by 4.1%; metals and minerals increased by 2.2%. The US dollar depreciated 3.1% against the euro and 1.7% against a broad index of currencies.