1.  International monetary policy trends  As you are aware, in many countries growth considerations dominate policy concerns, both on the fiscal and monetary policy fronts. According to the IMF’s latest World Economic Outlook (WEO) Update released last month, the global recovery is expected to continue but at an uneven pace and with the outlook being characterised by downside risks.
While global growth is projected to rise from 3,2 per cent in 2013 to 3,4 per cent in this year and 4,0 per cent in 2015, the most recent forecast is weaker for 2014 than what was envisaged in the April 2014 WEO.