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June 2012

Prospects Daily: Economic activity in Brazil and India stalls in April, mechandise exports from Philippines rebound

Global Macroeconomics Team's picture

Important developments today:

1. Merchandise exports from the Philippines rebounded by 7.6% year-on-year (y/y) in US dollar terms in April

2. Economic activity in Brazil expanded at 0.2% (m/m) in April

3. India’s industrial production stalled to 0.1% (y/y) growth in April


Prospects Daily: Growth prospects among developing regions differ significantly, says World Bank

Global Macroeconomics Team's picture

Important developments today:

1. Growth prospects among developing countries differ significantly

2. GDP growth for the East Asia and the Pacific region slowed to 8.3 percent in 2011

3. GDP in developing Europe and Central Asia increased an estimated 5.6 percent in 2011

4. Growth for the Latin America and the Caribbean region is projected to slow to 3.5 percent in 2012

5. Economic developments in the Middle East and North Africa region continue to be heavily influenced by the disruptions caused by the social unrest that started more than 18 months ago.

6. Despite the turbulent global economic environment in 2011, growth in Sub-Saharan Africa remained robust


Global growth to pick-up again, but with downside risk

Theo Janse van Rensburg's picture

The World Bank’s Global Economic Prospects (GEP) – "Managing Growth in a Volatile World" was released earlier today. In this blog posting, I highlight some of the interesting baseline forecasts numbers as well as some alternative plausible outcomes emanating from a Euro zone crisis. 

Growth is expected to slow in 2012, before picking up slowly ...

World Bank published latest commodity prices: June 2012

John Baffes's picture

In May 2012 the prices continued their fall with energy plummeting by 7.6% and the non-energy falling by 2.5%.  Food prices declined by 2.1%, beverages up by 1.3%, raw materials dropped by 1.9%, metals down by 4.7% and on balance, fertilizers appeared unchanged. The U.S. dollar appreciated 2.7% against the euro and 1.7% against a broad index of currencies.

Prospects Daily: Spain calls for EU aid for banking sector, while US services sector activity picks up

Global Macroeconomics Team's picture

Important developments today:

1. Spain calls for EU aid for the country’s ailing banking sector\

2. Unlike the manufacturing sector, U.S. services sector activity picks up

3. The composite PMI (services and manufacturing) for the Eurozone fell to its lowest level (46.7) in three years


Prospects Weekly: European banks are facing increasing funding difficulties

Global Macroeconomics Team's picture
European banks are facing increasing funding difficulties as the euro area debt crisis and weak growth have weighed on the creditworthiness and profits of several banks in the region. As a result, Euro-area bank equity prices have declined sharply while their credit default swap rates have increased markedly.