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The African Economic Outlook report also speaks of the importance of unlocking the potential offered by the region's youth.
CNN: Africa grows, but youth get left behind
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"Reflecting a determined policy approach, the economic outlook has changed markedly in Japan in recent months, " the report said.
CNN: OECD: End nears for Japan's deflationary spiral
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U.S. economic data due for release Thursday includes the weekly jobless claims report, leading economic indicators, and the Philadelphia Fed business outlook survey.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Higher as Prices Recover from Asian Sell Off
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U.S. economic data due for release Thursday includes the weekly jobless claims report, leading economic indicators, existing home sales and the Philadelphia Fed business outlook survey.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Lower Amid Investor Uncertainty Ahead of EU Summit
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U.S. economic data due for release Thursday includes the weekly jobless claims report, the consumer price index, the flash manufacturing PMI, existing home sales, leading economic indicators, the weekly DOE liquid energy stocks report, and the Philadelphia Fed business outlook survey.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Lower, at 8.5-Mo. Low, on Follow-Through Technical Selling
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U.S. economic data due for release Thursday includes the weekly jobless claims report, the housing price index, leading economic indicators and the Philadelphia Fed business outlook survey.
FORBES: Comex Gold, Silver Firmer as EU Summit Results Awaited
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The report also revealed that the Bank's Monetary Policy Committee was divided over the economic outlook, primarily due to uncertainty about sterling.
BBC: Sterling strength tames inflation
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The pessimism extends to the outlook for financial markets in general, especially after a report Monday by the National Bureau of Economic Research confirmed what everyone suspected all along: The U.S. is in a recession and has been so since last December.
FORBES: Banking
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U.S. economic data due for release Thursday includes the weekly jobless claims report, new residential construction, the Philadelphia Fed business outlook survey, and foreign central bank holdings of U.S. Treasuries.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady on Consolidation; Outside Markets Limit Selling Pressure