Economic Tracker

North America’s outlook for second half of 2015 remains uncertain primarily due to contraction in emerging economies like China and Brazil. Moreover, currency appreciation, proposed interest rate hike in the United States, and unstable oil and gasoline prices are also likely to act as growth restraints in the second half of 2015.

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...

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...

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.

Latin American economies that are tied to the United States for their exports demand are expected to directly benefit from a faster than expected recovery of the US economy in 2014. However, countries such as Chile and most of other Latin American economies are anticipated to be adversely affected by falling raw materials prices and slowing Chinese...

Latin American growth outlook is anticipated to remain lackluster for 2015 due to slow recovery of global demand for the mining products of the region. Sluggish exports resulting in the devaluation of local currencies led to a continuous rise in inflation levels of several regional economies such as Colombia, Chile, and Brazil. As a result, consume...

The outlook for H1, 2015 remains uncertain; growth momentum in the region is expected to decelerate to 1% in 2015 on account of faltering commodity demand, high consumer prices and uncertain foreign investor sentiments. Fiscal consolidation and structural reforms are crucial to revive growth and investment inflows in the region.

The Latin American economies are anticipated to register subdued growth in H2 2014 caused by weak commodity prices and political uncertainties. As a result, confidence levels will diminish. However, growth levels are expected to pick up in H1 2015, with economies such as Mexico and Colombia benefiting from positive spillovers of the US recovery and...