Global Economics

Gold Price

My long term view on the gold price remains that gold will  primarily stay a range boundtrading vehicle until investors become more confident that the global economy is transitioningfrom a deflation prone period into an inflationary era when global plant and service operatingrates are more easily c ...

Liquidity Legends

The latest and previous stock market corrections could be described as “tightening tantrums.” Investors fretted that the Fed would be raising interest rates faster than had been widely perceived. That was not the case in 2016, when the federal funds rate was raised but only once at the end of ...

The economic outlook for East Asia and the Pacific in six charts: Strong growth, easing moderately

Growth in the EAP region strengthened marginally to 6.4 percent in 2017, 0.2 percentage point higher than expected. The region continued to be a major driver of global growth, accounting for more than a third of it in 2017, mostly because of China’s significant contribution. Regional growth is pro ...

India's growth story

The [[tweetable]]World Bank is releasing its biannual flagship publication, the India Development Update. It takes stock of the Indian economy and assesses what it will take India to move to a higher growth trajectory.[[/tweetable]] The Update describes the state of the Indian economy, shares its ...

Macro Briefing: 6 February 2018

World stock markets continue to dive on Tuesday: ReutersMonday’s 1175-point Dow slide is a record for absolute declines: WSJGlobal policy makers react to stock market plunge: BloombergRe-evaluating the wisdom of tax cuts after the market slide: NY TimesUS ISM Non-Mfg Index surges in Jan, near 10 ...

What keeps the President of the World Bank up at night?

Residents of Kashadaha village visit the Kashadaha Anando school in Kashadaha village, Bangladesh. © Dominic Chavez/World Bank [[tweetable]]This year’s World Economic Forum Annual Meeting comes at a time of good news for the world economy[[/tweetable]]. As we said in this month’s Global ...

US Dollar

I have been bullish on the dollar since the end of the deep recession of 2008-9. The long term viewwas that the dollar could rise from the deeply depressed low 70s level back then to the 100 levelby 2020. I did not posit faster economic growth than the world could muster, but that the USbalance of t ...

The outlook for growth in South Asia in five charts: Robust prospects

South Asia’s growth prospects appear robust, with household consumption expected to remain strong, exports expected to recover, and investment projected to revive with the support of policy reforms and infrastructure improvements.Growth to pick up in region Growth in the region was an estimated 6. ...

IMF Says Trump Tax Cuts to Provide Short Lived Growth Boost

The global economy will grow faster than expected this year and next as Donald Trump’s corporate tax cuts provide a short-term shot in the arm, despite fears over rising inequality and overheating financial markets, the International Monetary Fund has said. Launching its latest World Economic Outl ...

The Current Economic Sweet Spot Is Not the “New Normal”

By Maurice Obstfeld January 22, 2017 Versions in 中文 (Chinese),  Español (Spanish),  Русский (Russian) Global growth continues to pick up and is broad based. But no matter how tempting it is to sit back and enjoy the sunshine, policy can and should move to strengthen the re ...