Tag Archives: Macroeconomics

Comparing the Real Size of African Economies

Which are the largest and smallest economies in Africa? Which are the poorest and richest countries compared to the regional average? The answer to these questions and many more can be found in the study “Comparing the Real Size of African Economies: Highlights of the main findings of the 2011 round of the international comparison …
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Nobel Prize for Economics Awarded to Professors Sargent and Sims

The Nobel Prize for Economics has been awarded to two US academics, Thomas J. Sargent and Christopher Sims. They have been chosen for “their empirical research on cause and effect in the macroeconomy.” Both professors have studied how economic policy, such as raising interest rates or cutting taxes, affects macroeconomic variables such as GDP and …
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World Bank China Quarterly Update

The World Bank has just published the latest edition of its “China Quarterly Update”. The report shows that China’s economic outlook remains broadly favorable with real GDP growth projected at 9.3 percent in 2011 and 8.7 percent in 2012. However, risks on inflation and the property market call for full normalization of the macroeconomic stance …
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Global Economic Prospects 2011

The World Bank has just published its latest “Global Economic Prospects 2011”. According to the report the world economy is moving from a post-crisis bounce-back phase of the recovery to slower but still solid growth this year and next, with developing countries contributing almost half of global growth. The WB estimates that global GDP will …
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Perspectives on Global Development 2010

The OECD Development Centre has launched the report “Perspectives on Global Development: Shifting Wealth”. The study shows that the economic and financial crisis is accelerating long-term structural transformation in the global economy. Longer-term forecasts suggest that today’s developing and emerging countries are likely to account for nearly 60 percent of world GDP by 2030. During …
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ECB 2010 Structural Issues Report

The European Central Bank (ECB) has just published its Structural Issues Report, which deals with “Energy Markets and the Euro Area Macroeconomy”. The study analyses the impact of energy price fluctuations on the euro-area macroeconomy. The response of euro area output to large energy price changes is determined by the level of energy dependency and …
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WEF Report of the Global Redesign Initiative

The World Economic Forum has just launched the Report of the Global Redesign Initiative, “Everybody’s Business: Strengthening International Cooperation in a More Interdependent World.” It represents one of the most extensive sets of proposals to strengthen international cooperation and governance ever assembled. The study contains 58 specific proposals and nine thematic essays by some of …
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OECD Economic Outlook: May 2010

The OECD has just published its latest Economic Outlook. The report shows that economic activity is rising faster than expected. However, volatile sovereign debt markets and overheating in emerging-market economies are presenting increasing risks to the recovery. Gross domestic product (GDP) across OECD countries is projected to rise by 2.7 percent this year and by …
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World Economic Situation and Prospects

The United Nations has just launched the “World Economic Situation and Prospects 2010: Update as mid-2010”. According to the report, the world economy continued to improve in the first half of 2010, but at too weak a pace to effectively close the global output gap left by the crisis. Moreover, important weaknesses in the global …
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Regional Economic Outlook: Western Hemisphere

The IMF has just launched its latest “Regional Economic Outlook: Western Hemisphere Report”. According to the study, growth continues to gather momentum in the region, driven primarily by a strong rebound in private consumption and improved external conditions. The report, however, highlights market differences in the outlook across countries. Emerging markets are advancing faster than …
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