GUIDE FOR DRAFTING REPORTS ON MULTILATERAL SURVEILLANCE
INTRODUCTION
Developments in the world economic environment
The interest in providing an overview of the international environment is to assess opportunities opened to the country as well as constraints that had adverse effect on the national economy.
At this level, an analysis on the following aspects is expected:
- An analysis of trends in world demand through world economic growth with special emphasis on major economies. The effect of world demand on the country’s growth could be highlighted.
- Inflationary trend across the world especially in major partner economies in order assess inflation differentials;
- A presentation of trends in prices of major commodities exported by the country ;
- An analysis of developments in the international financial situation based on trends in interest rates and exchange rates of currencies of major partners.
- All other shocks and how they affect your country’s economy
It is also worth noting at this point that the international environment is addressed comprehensively in the first part of the on ECOWAS Monetary Cooperation Programme (EMCP) Report. At the country level it is not necessary to dilate on generalities. It is advisable to present major economic and financial trends which directly affect the national economy. That is why the point on the country’s export commodity prices is of particular interest.