The U.N. is keeping a wary eye on upcoming monetary policy changes in the United States, where the Federal Reserve is “expected to start raising interest rates in the second half of 2015,” as well as uncertainty about the Greek debt crisis’ effect on the eurozone and possible “spillovers” of conflicts including Yemen, Syria and Ukraine.
“In the case of Yemen … the main source of risk is the possible closure of the route through the Bab el-Mandeb Straits, used by tankers to transport crude oil out of the Gulf region,” the report says.
“While the recovery in developed economies is improving, …read more
Source: San Francisco Chronicle
