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Russia Overtakes U.S. And China In Manufacturing Competitiveness Amid Cheaper Oil, Ruble: BCG
Russia has overtaken the United States and China in terms of manufacturing competitiveness helped by a fall in oil prices and the country’s currency, according to a report by the Boston Consulting Group (BCG). The report from BCG evaluates the competitiveness of the world’s top 25 export economies, which account for nearly 90 percent of world exports … Continue reading
IMF Revises Down Global Growth Forecast For 2015-16, Despite Cheaper Oil
By IMF Even with the sharp oil price decline—a net positive for global growth—world economic outlook is still subdued, weighed down by underlying weakness elsewhere, says the IMF’s latest WEO Update. Global growth is forecast to rise moderately in 2015–16, from 3.3 percent in 2014 to 3.5 percent in 2015 and 3.7 percent in 2016 … Continue reading
Emerging Economies Need To Rebuild Fiscal Space To Weather Growth Slowdowns
By The World Bank Faced with weaker export prospects, an impending rise in global interest rates, and fragile financial market sentiment, developing countries need to rebuild fiscal buffers to support economic activity in case of a growth slowdown, says the new edition of Global Economic Prospects, released today by the World Bank Group. For many developing economies, … Continue reading
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