Economic Tracker

Eurozone economy remains resilient with the anticipation of a steady domestic demand driven economic growth in Q4 2015 and Q1 2016. An expansionary monetary policy backed by low oil prices and a weaker Euro are expected to be the growth drivers of the region. Key industries like manufacturing and services will continue to perform well as suggested ...

In Q1 2015, the region picked up growth, owing to favorable conditions like low-oil prices, improving Eurozone economy, and global economic conditions. However, it gradually started subsiding from Q2 2015, as ongoing crisis in Ukraine, contraction in Russia, weak performance of the external sector coupled with soft growth rates in Hungary and Polan...

Depressed investor confidence and the on-going deadlock in Ukraine remain major hindrances to growth for Emerging Europe for the rest of 2015. Encouraging factors such as improved private consumption, increasing industrial production, and exports are expected to expedite the growth momentum for the Czech Republic and Poland. However, the contractio...

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,...

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.