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DECPG Weekly Global Economic Brief (Inglês)

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) weekly global economic newsletter are as follows: following a 1.7 percent contraction in April, world industrial production surged 3.5 percent in May, the strongest monthly gain since the onset of the crisis (m/m, seasonally adjusted volumes); global retail sales volumes contracted by a seasonally adjusted 0.4 percent in May (m/m), lowering annualized growth to 0.7 percent in the 3-months ending May (3m/3m, saar); and heightened uncertainty about fiscal sustainability has led to a marked upswing in sovereign borrowing interest rates and costs of insuring against default across a number of Euro area economies, now including Italy and Spain.

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