Economic Tracker

The growth outlook of Q2 2015 for Emerging Middle East and African remains strong undeterred by the shrinkage in oil revenue. Declining oil prices aggravate the essence of diversification and thus, non-oil sectors like agriculture, banking, finance and tourism are anticipated to play a substantial role in the progress of the economy in H2 2015. Rap...

North America is likely to grow at a slower pace than previously expected at roughly 2-2.5 percent in 2015 on account of weak investment growth and slowdown in energy sector. Consumer demand, especially in housing sector, is likely to remain strong and will drive economic growth of the region in H2 2015. Strong currency in the United States may co...

The Western European countries were recovering gradually in Q1 2015 mainly driven by a stronger domestic demand and an improvement in private consumption. A favorable combination of subdued global oil prices, a weak Euro and European Central Bank’s aggressive trillion-Euro monetary stimulus is poised to drive the growth of the Western European ec...

Emerging Europe is expected to witness a repressed growth of about 2.2% in H2 2015 due to bearish investor confidence and ongoing dilemma associated with the Greek and Ukraine crisis. Although economic growth in most of the regional countries is expected to gather momentum in Q3 and Q4 2015, led by Czech Republic and Romania, the contraction in Rus...

While the growth outlook for the Latin American region as a whole does not look bright for 2014, especially for South American countries, countries like Mexico and Colombia are expected to register healthy growth in 2014. While these two are heavily dependent on the United States for their exports demand, a fast recovery of the US economy is likely...

BRICS countries are expected to end 2014 on a low note, owing to various domestic as well as external factors. Weak global recovery is taking a toll on the external demand of these countries, while high consumer prices are likely to hinder strong private consumption growth in the coming quarters. Investors’ sentiments remain uncertain in Q4 2014,...

Increase in public expenditure on infrastructure and spur in investment are expected to be the primary growth drivers of the emerging Asia-Pacific region during H2 2015. Other factors that drive growth include rise in investment, growth in public expenditure, robust infrastructural development, and higher employment. While a positive growth outlook...

The Latin American region as a whole is expected to register a weakened growth rate of 1.3% in 2014. On the external front, weak commodity prices have led to fall in private spending, while on the domestic front, policy uncertainties have lowered confidence levels. However, a 2.2% growth recovery is foreseen in 2015 as policy uncertainties reduce.

The emerging Asia-Pacific region will continue to benefit from weakening oil prices through H1 as most of countries in the region are net oil importers. However, poor economic performance by large Asian economies such as China and Japan is expected to pose headwinds to trade prospects in the emerging Asia-Pacific region. The region is expected to m...