Increase in US monetary policy rate to affect capital flows in to developing economies in 2015: World Bank
The Dollar Business Bureau Developing countries face a series of tough challenges in 2015, thus resulting in fourth consecutive year of disappointing economic growth this year, says the World Bank Group. In its report titled Global Economic Prospects (GEP) 2015, the World Bank Group cited impact of looming monetary tightening cycle in the United States and consequences of low commodity prices as key confrontations being faced by policy makers across the world and especially in emerging economies and low-income countries. Looming prospects of higher borrowing costs are expected to be major challenges for developing nations as they adapt to a new era of low prices for oil and other key commodities. ‘An expected liftoff in the US interest rates will make ...
