Economic Tracker

Economic recovery of the Middle Eastern economies is anticipated to be weaker in H1 2014 because of the increase in regional security concerns, ongoing political unrest, weak economic policies, and sluggish recovery of the global economy. Fiscal and external deficits will remain major areas of concern, especially in countries most adversely affecte...

Advanced economies are getting stabilized; this provides a boost to the growth of the Emerging Middle East and African countries in H2 2014. Majority of Middle East and African economies are heavily commodity export dependent. The total value of goods exported by the region largely comprises commodities (with more than 50% share), making the count...

The Middle-East and African countries are likely to see modest growth during the first half of 2015 with GDP growth of around 4 per cent, which is lower than the region’s potential. Sluggish global recovery, weak hydrocarbon prices, and several structural instabilities in the domestic market are likely to dampen growth. However, macroeconomic im...

Middle East and African economies are expected to see an improved performance in third quarter of 2014, mainly backed by the growth in external demand from advanced countries and diversification into non-oil sectors. The improved scenario is likely to continue during the rest half of 2014; however ongoing geopolitical tensions and staggering oil pr...

Growth in North American is expected to stabilize in 2015 owing to a healthy rebound in the US economy. Driven by resilient consumer demand, it is anticipated that the region will grow by 2.5 percent in H1 2015. A strong US dollar and increased demand from the US may boost Canadian exports in H1 2015. External factors such as the slowdown in the Ch...

Emerging Europe is expected to see a subdued growth of about 2% in H1 2015 due to lower investor confidence and uncertainty associated with the Greek and Ukraine crises. European Central Bank’s monetary stimulus from March 2015 is expected to reduce deflation and the proposed European Union investment plan is likely to improve investments in key...

Growth in Western European economies is expected to recover gradually in 2015 as compared to 2014, mainly owing to the European Central Bank’s trillion-Euro monetary stimulus. Moreover, depreciation of Euro is expected to provide the much needed boost to the exports of the region in 2015. The uncertainty around the ongoing crisis in Greece is ant...

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,...

After a subpar performance in 2014, BRICS’s GDP growth is likely to recover in 2015, albeit at a very slow rate. Supportive government policies are likely to boost consumer demand and investment gradually in the BRICS economies in H1 2015. Overall, the outlook for H1 2015 remains restrained but stable.