Economic Tracker

Economic growth in the Asia-Pacific region slumped from 5.2% in Q4 2017 to 5.0% in Q1 2018, as the escalation of the trade war between China and the United States had repercussions for global trade growth. China’s growth is likely to slump further from the 6.2% registered in Q2 2018, as manufacturing output started declining in Q2 2018. Australia...

The growth outlook for the economies in the Eastern Europe and The Commonwealth of Independent States (CIS) remains moderate. While the economic growth in the Eastern European countries such as The Czech Republic, Hungary, and Poland is gaining momentum, Turkey is expected to plunge into a near-zero growth situation by the end of Q4 2018. Czech eco...

In Q3 2018, regional growth in the Asia-Pacific region remained stagnated at 4.6% with growth expected to remain low during the forecast period. In Australia, GDP growth increased from 2.4% in 2017 to 2.9% in 2018, largely due to increase in business investment and private consumption. Sri Lanka is expected to register 2.9% in Q3 2018, slower than ...

Economic recovery in Saudi Arabia will continue to be supported by pick up in oil production to compensative for output decline in Iran. While Aramco privatization is delayed, Saudi aims to generate $11 billion non-oil revenue through privatization program by 2020. The killing of journalist Khashoggi heightened capital flight in October 2018, as th...

Economies of the Middle Eastern countries will remain modest due to higher oil exporting revenue being moderately offset by recession in Iran. Higher oil prices are expected to drive oil and gas and hydrocarbon sector in the region, with Saudi Arabia leading the pack in 2019. OPEC oil production dipped in November 2018 due to fall in Iranian produc...

There have been significant, positive shifts in the approach to women’s roles in society around the world. More women are now moving to leadership positions, occupying more seats in the boardroom, scaling successful companies, and even making a successful political presence. Women can drive the world’s economy as they represent a growth market ...

The Q3 2016 outlook for the emerging European economies shows volatility, shaken by the BREXIT vote hitting investor sentiment as well as the financial market. The region is driven by strong domestic demand; however, the political deadlock created by the BREXIT referendum is likely to restrain growth. The Czech Republic, Hungary, and Poland are fac...

In Q1 2016, economies of the emerging European countries grew at a stable rate supported by improved private consumption, especially in the Czech Republic, Hungary, and Poland. Turkey’s growth is also supported by buoyant domestic demand, but the domestic political unrest has taken a heavy toll on the overall economy. Ukrainian economy might expe...

The Q2 2016 economic outlook for the emerging European economies shows mixed results. While domestic demand is driving the growth momentum in economies such as the Czech Republic, Hungary, and Poland, limited EU funding is likely to restrain short term growth. Turkey is also gaining momentum, political and geopolitical risks notwithstanding. Ukrain...