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The world economy in 2016 is in a fragile state - UNCTAD

The world economy in 2016 is in a fragile state - UNCTAD

The UN Conference on Trade and Development (UNCTAD) released its Trade and Development Report 2016 earlier on Thursday. UNCTAD said that the world economy in 2016 is in a "fragile state,” and added that “Neither financial bubbles nor export surges offer a sustainable solution to tepid growth and weak labour market conditions.”

UNCTAD said that there was lack of policy coordination among systemically important economies. The agency called for a more ambitious policy package to address existing imbalances and ease the constraints on faster growth.

The UNCTAD report follows a modest downgrade by the Organization for Economic Co-operation and Development (OECD) to global growth forecasts on Wednesday. OECD trimmed global GDP growth forecast for 2016 to 2.9 percent from previous 3.0 percent. 2017 GDP growth forecast was cut to 3.2 percent from previous 3.3 percent.

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December 15 21:00 UTC Released

USOverall Net Capital Flows

Actual

151.2 Bln USD

Forecast

Previous

-51.3 Bln USD

December 15 21:00 UTC Released

USNet L-T Flows,Incl.Swaps

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7.9 Bln USD

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Previous

65.1 Bln USD

January 9 11:00 UTC 3422434224m

BRRetail Sales MM*

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Forecast

0.35 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

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Forecast

3.20 %

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January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3422434224m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3422434224m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

December 12 09:30 UTC 61876187m

GBRPIX YY

Actual

Forecast

Previous

4.2 %

December 12 09:30 UTC 61876187m

GBPPI Input Prices MM NSA

Actual

Forecast

Previous

1 %

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