Economic Tracker

Western European countries are experiencing a slowdown in economic growth, but the trend is uneven across the region. Purchasing Manager’s Index gave a reading of 52.1 in October 2014 (a reading above 50 signifies an expansion in output). Although major economies such as Spain and Germany reported an increase in new business opportunities, others...

Western Europe is expected to maintain its growth momentum in the latter half of 2014 but high inflation, high unemployment, and political instability prevalent in some major countries will hamper growth. Increase in domestic and external demand is expected to further improve manufacturing production, thus stimulating growth in the next two quarter...

North American growth continued to accelerate in Q3 2014 following the strong Q2 performance. The energy sector boom, resulting in low fuel-prices and strong public-sector spending—despite modest consumer spending growth, supported strong economic expansion of the region in Q3 2014. The rise in real wages and dwindling unemployment will keep cons...

As recovery continues in this region, growth trends have been observed to be uneven across the economies, while domestic demands remain a key growth driver in major countries. Reforming labor market conditions remain top priority, which will be instrumental in enhancing business confidence and competitiveness. Weaker Euro area recovery and market i...

Emerging European countries are expected to maintain a growth momentum in the latter half of 2014. The growth is mainly backed by improvements in external demand coupled with a rebounding domestic-demand. Regional Central Banks are expected to maintain low interest rates throughout 2014, thus maintaining price stability and keeping the inflation ra...

Dearth of internal investment and political instability is slowing down the growth of Western Europe and will dampen its recovery. The combined effects of deflation and recession along with high unemployment rate remain critical areas of concern.

North American countries had outperformed expectations in H1 2014. GDPs of the United States and Canada will continue to grow at an average rate of 2 to 2.5 percent in the latter half of 2014. Improved regional trade, strong industrial performance, and higher consumer spending are likely to boost economic growth of the region in the short run. Falt...

Despite slow economic expansion in the advanced economies in the first quarter of 2014, emerging Asian economies are expected to record moderate to robust growth rate throughout 2014, primarily driven by improved domestic demand conditions, higher foreign direct investment growth, and investment in infrastructure. Relatively stable oil prices and d...

BRICS economies witnessed a massive slowdown in early 2014 owing to various domestic instabilities and are unlikely to return to pre-financial crisis growth levels in the near future. From a short-term perspective, the sluggish recovery in the US and in the Eurozone, production slowdowns in China, political conflicts in Russia, deteriorated busines...