you are currently viewing::World Bank Prospects Group Global Monthly-April 2025April 30, 2025--Overview
Special Focus: Synchronization of Business Cycles in EMDEs and the Rest of the World Emerging market and developing economies' (EMDEs') increasing trade and financial integration with the rest of the world over recent decades has been accompanied by greater comovement of economic activity across EMDEs. Although EMDEs' business cycles are increasingly synchronized, GDP growth in EMDEs still tends to be more correlated with growth in advanced economies (AEs). Growth variation across economies can be attributed to three factors: a global factor capturing common cyclical movements across all economies; a group factor specific to AEs or EMDEs; and a factor specific to each economy. For EMDEs, the group factor has become increasingly important. Source: worldbank.org |
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July 22, 2025--Growing imbalances in largest economies underscore need for concerted adjustment in domestic macroeconomic policies
Global current account balances widened by a sizable 0.6 percentage points of world GDP in 2024.
July 16, 2025-Key Takeaways
The U.S. tops global oil production with nearly one-fifth of daily output.
Five countries produce over half of the world's oil every day.