After a lacklustre outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, there is a wide dispersion of possible outcomes, given uncertainty surrounding the policy stance of the incoming U.S. administration and its global ramifications. Global activity could accelerate more strongly if policy stimulus turns out to be larger than currently projected in the United States or China. Continue reading →
With the drop in world oil prices, the oil exporters of the Middle East and Central Asia are running fiscal deficits. So how might these countries go about financing those deficits, both now and into the future?