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Ukraine: Adjustment Postponed, Risks Rise

Improved financing conditions have led the government to leave its macroeconomic policies unchanged, despite the deepening recession and excessively h

Thailand: Breather for the Baht

The sharp global market reversal over the past month is positive for the economy by taking the froth out of the financial markets. While pressure is o

June 2013 Global Economic Monitor

We have warned for a while about the global risks stemming from volatile market conditions in anticipation of an exit from easy U.S. monetary policy.

Turkey: Turmoil Sharpens Market Vulnerabilities

Concerns about the possible winding down of monetary accommodation in the U.S. had already brought the lira and Turkish asset prices under downward pr

Saudi Arabia: Robust Performance, Strong Outlook

Nonhydrocarbon growth is expected to remain robust. The increased total factor productivity in recent years reflected the efficiency gains from the im

Euro Briefing: Looking for Traction

Prior to the recent shift in market sentiment, abundant liquidity and renewed efforts by the ECB to support growth (including a rate cut on May 2) had

Euro Area Periphery: Risks Still Skewed to the Downside

Downside risks predominate in the Euro Area periphery. Slack order books, substantial unused capacity and rising unemployment continue to dampen senti

Colombia: A Soft Patch, Gradual Recovery

After going through a soft patch, the economy appears to be gradually gaining momentum driven by monetary easing, fiscal stimulus and a depreciation o

Côte d'Ivoire: The Challenge of Sustaining High Growth

Growth rebounded last year and will remain strong in 2013 and 2014, close to 8%. Increasing the investment rate will be essential to make high growth

Chile: An Increasingly Complex Political Dynamic

After several decades of significant progress, Chile's path forward will require tackling head-on politically-sensitive structural reforms (education


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