Economic Tracker

The Q3 2016 outlook for the emerging European economies shows volatility, shaken by the BREXIT vote hitting investor sentiment as well as the financial market. The region is driven by strong domestic demand; however, the political deadlock created by the BREXIT referendum is likely to restrain growth. The Czech Republic, Hungary, and Poland are fac...

In Q1 2016, economies of the emerging European countries grew at a stable rate supported by improved private consumption, especially in the Czech Republic, Hungary, and Poland. Turkey’s growth is also supported by buoyant domestic demand, but the domestic political unrest has taken a heavy toll on the overall economy. Ukrainian economy might expe...

The Q2 2016 economic outlook for the emerging European economies shows mixed results. While domestic demand is driving the growth momentum in economies such as the Czech Republic, Hungary, and Poland, limited EU funding is likely to restrain short term growth. Turkey is also gaining momentum, political and geopolitical risks notwithstanding. Ukrain...

Significant fall in oil prices has drastically altered public spending patterns throughout the region. Growing number of countries are trying to opt for a strict fiscal measures and tax impositions to combat fiscal deficit. Increased oil production from Iran post sanctions could pose greater geopolitical risks on the region’s overall economic hea...

Middle Eastern economic growth is likely to remain somber due to the geopolitical turbulences throughout 2015 out of the collapse in oil prices as well as Iran nuclear deal. While Saudi Arabia is contemplating a loss of market share given increased oil production from Iran, The United Arab Emirates and Qatar are trying to remain resilient with impr...

Oil prices might see some signs of stabilization given the discussions between Saudi Arabia and Russia in February 2016 to freeze crude oil production. Most of the oil exporting economies in the Middle East and African region, barring Qatar and United Arab Emirates due to their well-diversified economy, ended 2015 with abysmal economic fundamentals...

The North American energy renaissance has taken a back seat in 2016 due to plunging oil prices. Canada is suffering from an economic downturn due to its heavy reliance on the oil and gas industry. The Chinese slowdown and a rising dollar will further create economic headwinds in Canada. Even though the United States stays resilient because of stron...

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