Economic Tracker

Emerging European economies are gradually registering a positive economic growth, stemming from a sensible monetary policy from the European Central Bank. However, the reliance of the Ukrainian and Turkish economies on external financing, as a result of the ongoing critical period in these countries, has remained a major area of concern in 2014.

Strong GDP growth supported by resilient domestic demand, prudent fiscal policies, and improved business sentiments is expected for the North American countries in Q1 2015, regardless of the slowdown and uncertainty in the global economy

Western European countries are experiencing a slowdown in economic growth, but the trend is uneven across the region. Purchasing Manager’s Index gave a reading of 52.1 in October 2014 (a reading above 50 signifies an expansion in output). Although major economies such as Spain and Germany reported an increase in new business opportunities, others...

Western Europe is expected to maintain its growth momentum in the latter half of 2014 but high inflation, high unemployment, and political instability prevalent in some major countries will hamper growth. Increase in domestic and external demand is expected to further improve manufacturing production, thus stimulating growth in the next two quarter...

North American growth continued to accelerate in Q3 2014 following the strong Q2 performance. The energy sector boom, resulting in low fuel-prices and strong public-sector spending—despite modest consumer spending growth, supported strong economic expansion of the region in Q3 2014. The rise in real wages and dwindling unemployment will keep cons...

As recovery continues in this region, growth trends have been observed to be uneven across the economies, while domestic demands remain a key growth driver in major countries. Reforming labor market conditions remain top priority, which will be instrumental in enhancing business confidence and competitiveness. Weaker Euro area recovery and market i...

Emerging European countries are expected to maintain a growth momentum in the latter half of 2014. The growth is mainly backed by improvements in external demand coupled with a rebounding domestic-demand. Regional Central Banks are expected to maintain low interest rates throughout 2014, thus maintaining price stability and keeping the inflation ra...

Dearth of internal investment and political instability is slowing down the growth of Western Europe and will dampen its recovery. The combined effects of deflation and recession along with high unemployment rate remain critical areas of concern.

North American countries had outperformed expectations in H1 2014. GDPs of the United States and Canada will continue to grow at an average rate of 2 to 2.5 percent in the latter half of 2014. Improved regional trade, strong industrial performance, and higher consumer spending are likely to boost economic growth of the region in the short run. Falt...