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Publications
Ukraine: New Government, Same Challenges
March 1, 2013
The Ukrainian economy is on a very volatile path. Real GDP growth slumped in 2012 but the aggressively expansionary fiscal policy fueled a consumption
Latin America: Call of the Yield
March 1, 2013
The main challenge facing Latin America has shifted from counteracting global weakness to coping with currency appreciation pressure from capital infl
Thailand: Rice Problem Not Going Away
February 28, 2013
The government is persevering with its generous rice price-support program. Falling exports, rising stocks and large fiscal costs suggest that the gov
Tanzania: Dovish Central Bank Poised for Limited Easing
February 28, 2013
Inflation has moderated due to easing food and energy prices, but is still above target. Core inflation remains sticky at around 8-9%. Activity is rob
Updated February 2013 Global Economic Chartbook
February 26, 2013
This update to our February Global Economic Chartbook includes revised GDP forecasts. The Chartbook updates our views on the global outlook, providing
Ecuador: Correa One More Time
February 26, 2013
President Rafael Correa has won reelection and secured a commanding legislative majority. Correa's tighter grip on power increases the likelihood of a
Italy: Inconclusive Election Intensifies Uncertainty
February 26, 2013
Only a slight margin in the popular vote for the center-left gave it a lower house majority but left the Senate hung. The inconclusive result leaves n
MENA: Turbulent Transitions, Mixed Economic Prospects
February 22, 2013
The future political landscape of the MENA oil-importing countries remains unclear, as the ascendant Islamists struggle to govern in a highly volatile
Philippines: Fiscal Control Remains
February 22, 2013
Last year's boost in public expenditures helped spur domestic demand and revive the economy. The ability to use the budget as a discretionary policy t
Italy: Yields At Risk Again As Uncertainty Looms
February 21, 2013
Ahead of the February 24-25 elections, opinion polls show tightened margins among the four main political groupings and a senate majority in doubt. Un
Zambia: Unlocking Potential for Higher, Inclusive Growth
February 15, 2013
Despite high growth rates over the past decade, poverty, inequality and unemployment remain high. In order to achieve higher and more inclusive growth
Nigeria: Striving To Unlock Its Economic Potential
February 14, 2013
Despite Nigeria's hydrocarbon wealth and robust growth over the past decade, unemployment is high, governance poor, and poverty widespread. Human deve
Indonesia: Facing External Constraints
February 14, 2013
The large current account deficit along with easy monetary conditions, rising energy subsidies and recent trade and investment policy missteps brought
Ireland: Promissory Note Deal Gives Government Key Gains
February 13, 2013
An agreement between Ireland's government and central bank replaces high-interest amortizing promissory notes with lower interest floating rate bonds.
February 2013 Global Economic Chartbook Update
February 13, 2013
The February edition of our Global Economic Chartbook updates our views on the global outlook, providing charts on the global business cycle, global i
Peru: Seeking to Stem Capital Inflows
February 12, 2013
Currency appreciation pressures have intensified, reflecting the country's strong growth prospects and a reduction in global risk aversion. Seeking to
Oil 2013: Prices Steady, Markets Well-Supplied
February 11, 2013
The oil market will continue to be well-supplied in 2013 as production capacity, especially outside of OPEC, will grow faster than demand, which will
February 2013 Global Economic Monitor
February 8, 2013
The evidence is mounting that the global economy has reached an inflection point at the turn of the year. GDP growth is recovering after a dismal last
Egypt: Is The Exchange Rate Still Misaligned?
February 5, 2013
Prospects now look less favorable than a few months ago due to political uncertainty and delays in an IMF agreement. The recent move to a more flexibl
Korea: What Happened to Equities?
February 4, 2013
The domestic stock market is distinguished from the rest of the region and most of the world by its poor performance so far this year. The fundamental
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