The global economy is still struggling to gain momentum. 
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Prospects Daily: ECB unveils €1.1 trillion stimulus plan, Denmark trims interest rate again on ECB QE, Chinese business sentiment declines in January
Financial Markets
Prospects Daily: ECB proposes quantitative easing program, U.K. jobless rate at 6-year low, South African inflation slows more than expected
Financial Markets
Prospects Daily: Developing-county equities rebound on China growth relief, IMF cuts global growth outlook, Chinese GDP growth slowest in 24 years
Financial Markets
Prospects Daily: World Bank downgrades global economic outlook, Global bond yields slid to record lows, U.S. retail sales slump in December, Brazil’s retails sales slows less than expected
World Bank lowers forecasts for global growth
Having grown at an estimated 2.6% in 2014, the global economy is at a disconcerting juncture, according to the World Bank’s Global Economic Prospects (GEP) report, released yesterday.
The GEP report predicts the global economy will grow 3% in 2015, below a forecast of 3.4% made in June. The report expects world GDP growth will reach 3.3% in 2016, as opposed to a June forecast of 3.5%, before dipping to 3.2% in 2017.
Having grown at an estimated 2.6% in 2014, the global economy is at a disconcerting juncture, according to the World Bank’s Global Economic Prospects (GEP) report, released yesterday.
The GEP report predicts the global economy will grow 3% in 2015, below a forecast of 3.4% made in June. The report expects world GDP growth will reach 3.3% in 2016, as opposed to a June forecast of 3.5%, before dipping to 3.2% in 2017.
Prospects Daily: Oil prices hit their lowest in nearly 6 years, U.K. inflation falls to 14-year low, Turkey’s current account deficit widens
Financial Markets
World Bank published latest commodity prices: January 2015
In December 2014, energy prices dropped sharply by 18.6%, while the prices of non-energy commodities went down slightly by 2.5%. Food prices were down by 1.8%. Beverages declined by 2.4%. Raw materials went down by 0.9%, and fertilizers were slightly down by 0.1%. Metals and minerals decreased by 5.0%, but precious metals went up by 2.1%.
To access recent and long-term historical prices and other commodity-related information, please click here.
To access recent and long-term historical prices and other commodity-related information, please click here.