Economic Progress

These challenges are set to shape the global economy for years to come

A 100,000 Indonesian rupiah note is seen through a magnifying glass among other Southeast Asian currency note in this photo illustration taken in Singapore March 14, 2013. Singapore's foreign exchange market has come under pressure for change since regulators, spurred by a global scandal over bankers rigging key lending rates, ordered reviews last autumn into various rates set by the city-state's banking association. The probes uncovered attempts by traders to manipulate Singapore's rate fixings for certain currencies, fuelling the ire of central bankers in Malaysia and Indonesia who for years have held concerns about the impact of offshore speculation on their own spot currency markets. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS) - GM1E93F0EW301

Growth is slowing worldwide. Image: REUTERS/Edgar Su

Eswar Prasad
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