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April 5, 2013
Bahrain is the only country in the GCC that is running a fiscal deficit. A sharply higher level of recurrent expenditure was locked in last year follo

March 26, 2013
The March 24 agreement with the Troika put an end to a prolonged period of uncertainty, but is likely to have a lasting adverse effect on the economy.

March 26, 2013
After a week of messy negotiations and flawed proposals, default and devaluation were avoided in Cyprus. Looking ahead, it remains to be seen whether

March 26, 2013
The March edition of the Global Economic Chartbook updates our global outlook, provides charts on the global business cycle, global inflation, world t

March 19, 2013
This note sheds light on the circumstances that have led to the current crisis and the vulnerabilities related to public finances and domestic banks.

March 15, 2013

The five-fold increase in the size of the domestic bond market during the past decade underscores the enormous potential for the capital market, but f

March 14, 2013
The regional turmoil has imposed substantial costs on the Jordanian economy, which we attempt to estimate. Our results show that in the absence of the

March 14, 2013
We have become more optimistic about the global growth recovery this month. First, the data flow in Q1 provided more evidence of strength, particularl

March 14, 2013
Even as headline inflation slowed and real GDP growth softened, the central bank was reluctant to cut interest rates until late 2012, emphasizing its

March 13, 2013
Three years into Europe's crisis, and with output falling in Italy, Spain and Portugal, the different experiences of Ireland and Greece are instructiv

March 12, 2013
Subsidies have become a pressing problem in the current context of the emergence of an external constraint for the first time in more than a decade. I

March 12, 2013
The honeymoon most newly-elected candidates enjoy on first taking office has eluded President Park Geun-hye. Financial markets are taking the latest d

March 11, 2013
Political uncertainty in Syria continues to pose a major threat to Lebanon's political order and economic stability. Growth decelerated to 0.6% and th

March 7, 2013
External financing needs look set to increase with the current account shortfall likely to widen through 2014. Heavy reliance on short-term capital in

March 7, 2013
Market sentiment remains volatile in light of the uncertainty surrounding the final verdict on litigation with holdout creditors. While the appeals co

March 4, 2013
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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

March 1, 2013
The main challenge facing Latin America has shifted from counteracting global weakness to coping with currency appreciation pressure from capital infl

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

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
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