Developing economies are facing two key transitions, according to the June 2015 issue of Global Economic Prospects. First, with an imminent rise likely in U.S. interest rates, borrowing will become more expensive for emerging and developing economies over the coming months. This process is expected to unfold smoothly since the US economic recovery is continuing and interest rates remain low in other major global economies. Second, lower oil prices are having an increasingly pronounced impact. In oil-importing countries, the benefits to activity have so far been limited, although they are helping to reduce vulnerabilities. In oil-exporting countries, lower prices are sharply reducing activity and increasing fiscal, exchange rate, or inflationary pressures.
The links below provide access to six detailed regional reports and to extensive economic data, including forecasts through 2017.