African Knowledge Base(AKB) Platform
Integrated Essential Digital Resources on Africa

GCC Knowledge Note : Global Economic Trends

There are no files associated with this item.
Appears in Collections:
World Bank (WB)

Abstract: Global GDP growth remains lackluster, at an estimated 2.4 percent in 2015, down from 2.6 percent in 2014. This performance reflects sluggish world trade, particularly merchandise trade, and persistently weak commodity prices. These trends are contributing to subdued inflation in advanced economies and commodity-importing emerging market and developing economies (EMDEs), while consumer prices are elevated or accelerating in many commodity-exporting EMDEs. Despite the headwinds to growth, financial conditions in EMDEs have improved somewhat since the start of 2016. Asset prices and capital flows have rebounded, while bond spreads have receded. EMDE exchange rates have rallied somewhat against the U.S. dollar after plunging during the past three years. Oil prices have risen from January lows, although they remain low versus historical levels due to bothsupply and demand factors. Economic performance in large emerging markets—including multiyear contractions in Brazil and Russia and continued rebalancing in China could set back any improvement in the pace of global growth in 2016. With their high dependence on the oil sector for government and export revenues, the prolonged period of low oil prices continues to have detrimental impacts on GCC economies. Budget rebalancing is underway, but further fiscal consolidation is likely in the medium term given that oil prices are expected to recover only gradually. Slowing growth in GCC countries stands to generate negative pillovers for oil-importing countries in the Middle East and North Africa through trade, investment, and remittances channels.
Type: Brief
Publications & Research
Publications & Research :: Brief
Link: http://hdl.handle.net/10986/24421
Subject: PRODUCER PRICE INDEX
BOND FUNDS
MONETARY POLICY
MERCHANDISE
UNCERTAINTIES
BUFFERS
BASIS POINTS
IMPORT GROWTH
OIL PRICE
ECONOMIC GROWTH
GOVERNMENT FINANCES
FISCAL DEFICITS
SALES
INTEREST
EMERGING MARKET BOND
ASSET PRICES
IMPORT
EMERGING ECONOMIES
EXCHANGE
GOVERNMENT REVENUES
SUPPLIES
BOND SPREADS
CONSUMER GOODS
LABOR FORCE
PRODUCER PRICES
ASSET
EXPORTERS
REVENUES
CDS
FISCAL POLICY
BONDS
DEVALUATION
MACROECONOMIC CONDITIONS
PRICE
TAX
REFERENDUM
BOND YIELDS
RESERVE
INFLATION
INTERNATIONAL BANK
MERCHANDISE TRADE
RETAIL
EMERGING MARKET ECONOMIES
BUDGET
LABOR MARKET
OIL-EXPORTING COUNTRIES
OIL PRICES
GLOBAL ECONOMY
RE-EXPORTS
CURRENCY
EXPORT GROWTH
ADVANCED ECONOMIES
FLOATING EXCHANGE RATE REGIMES
FINANCES
IMPORT DEMAND
EXCHANGE RATES
INTEREST RATES
SOVEREIGN BOND
EMERGING MARKET
CAPITAL OUTFLOWS
MARKETS
INFLATIONARY PRESSURE
SOVEREIGN RATING
DEFICITS
AGRICULTURAL PRICES
PRODUCT
RESERVES
REAL CONSUMPTION
EQUITIES
FINANCE
EXPORT REVENUES
MARKET ECONOMIES
FLOATING REGIMES
PRICE INFLATION
FLOATING EXCHANGE RATE
RATE OF INFLATION
EXPENDITURE
GOVERNMENT BUDGETS
EMERGING MARKETS
EQUITY
INFLATION EXPECTATIONS
CONSUMPTION
FEDERAL RESERVE
FOREIGN EXCHANGE RESERVES
SURPLUSES
TOTAL EXPORTS
VOLATILITY
UNEMPLOYMENT RATE
MARKET CONDITIONS
MARKET PRICES
VALUE
TRADE GROWTH
PRODUCER PRICE
BUDGETS
FIXED INVESTMENT
PURCHASING POWER
DEMAND
EQUITY FUNDS
CONSUMER PRICE
ECONOMY
CAPITAL FLOWS
ISSUANCE
CONSUMER PRICE INFLATION
CURRENCY DEVALUATION
FIXED EXCHANGE RATES
SUPPLY DISRUPTIONS
DEMAND INDICATORS
ASSETS
MARKET
DEFAULT
FOREIGN EXCHANGE
ENERGY PRICES
REAL EXPORTS
DOMESTIC DEMAND
CURRENCIES
FORWARD RATE
GOODS
INVESTOR
EQUITY MARKETS
FINANCIAL MARKET
STOCKS
OIL EXPORTERS
INVESTMENT
BOND
DOMESTIC CREDIT
PUBLIC FINANCES
EXCHANGE RATE FLEXIBILITY
SUPPLY
PURCHASING
CAPITAL INFLOWS
UNCERTAINTY
REVENUE
COMMODITY MARKETS
WORLD TRADE
CONSUMER PRICES
CAPITAL FLOW
SWAPS
EXCHANGE RATE
EXCHANGE CONTROLS
FOOD PRICES
REMITTANCES
PRICE INDEX
COMMODITY PRICES
CAPITAL ACCOUNT
PRICES
EXCHANGE RATE REGIMES
SWAP
ECONOMIES
CONSOLIDATION




Country City Visitors