Economic Tracker

Germany and the United Kingdom are gradually emerging from the ongoing Eurozone debt crisis and are expected to post moderate growth in H2 2013. However, despite positive indications, France, Italy and Spain are likely to experience either negative or flat economic growth in 2013. The European Central Bank (ECB) will maintain low interest rates to ...

Romania and Turkey are gaining momentum, projecting positive growth in H2 2013. Eastern Europe is expected to grow at an average annual rate of 2.2 percent in 2013, with the automotive sector being the key for growth. Hungary and Turkey have completed their debt repayments to the IMF, while Ukraine is in the process of completing it. The region is ...

France, Germany, Italy, Spain, and The United Kingdom have been classified as Western European countries in this study. It is assumed that the economy in this region may post a marginal recovery in H1 2014, following a prolonged economic uncertainty. At present, the business sentiment in France is low, due to a poor Purchasing Managers Index. The s...

The Czech Republic, Hungary, Poland, Romania, Turkey, and Ukraine have been classified as Emerging European countries. The expectations of favourable fiscal and monetary measures by the government in the Czech Republic and the impressive performance of the automotive and agricultural sectors in Hungary are expected to drive the growth in these coun...

In 2013, Western Europe will not be characterized by an immediate recovery. The region is showing some signs of stability, with growth prospects relying more on external trade. High unemployment levels are expected to affect domestic demand and consumer spending. Germany will heavily influence the region's growth possibilities and recovery, support...

The Western European economy is likely to recover at a very slow pace in 2013, as economic uncertainty continues to loom. The Government of France needs to focus on reducing the fiscal deficit, increasing tax on companies, and reducing public spending in Q1 2013. Germany has succeeded in maintaining a positive trade balance and this is expected to ...

The emerging countries of the Latin American region—Chile, Colombia, and Mexico—are likely to experience moderate growth during the first two quarters of 2013. Economic growth would be largely dependent on domestic demand, and increasing infrastructure investment. Growth in exports is expected to be moderate due to slow global recovery in 2013....

Commodity demand in Australia has been badly affected by the weakening growth in China. A reduction in government spending may help register the current account surplus by 2013. In Japan, exports are expected to be low in 2013 due to decrease in demand and the strong yen. Industrial production is likely to slow down further due to border disputes w...

Emerging Europe is expected to continue to experience sluggish growth in H1 2013 (H1 denotes the first half of the year) due to the spillover effect of the Eurozone crisis. Investor confidence will remain low. As per the European Union’s prescription, governments are to exercise stringent fiscal measures in order to limit budget deficits. This wi...