Economic Tracker

Growth in BRICS economies is likely to remain subdued in Q4 2013 and early 2014 more due to internal weaknesses than external factors. Low consumption demand alongside public sector inefficiencies will hamper the economic growth of Brazil. Russia’s GDP growth is likely to stagnate and consumer price inflation will remain above the target level o...

Emerging APAC will experience restrained growth in the latter half of 2013 due to the persistent uncertainties in the global economy. However the trade balances are likely to improve owing to a gradual rise in the external demand. Rising private consumption demand will remain the main driver for the manufacturing growth in the region. The oil expor...

Australia, Argentina, Japan, and South Korea have been classified as Rest of World (RoW) countries in this study. Sluggish economic recovery, the ongoing economic slowdown in the European region, weakening internal demand, and slow industrial growth are the major areas of concern for RoW countries. Domestic demand is expected to play a critical rol...

In Australia, weak commodity prices, a strong Australian dollar and low business sentiment will dampen economic activity in H2 2013. Weak investment in mining and manufacturing is likely to keep the Australian economy sluggish. In Argentina, policy easing is expected to boost domestic demand conditions and help rebound the business confidence. Aggr...

Brazil, Russia, India, China, and South Africa are expected to register a moderate growth in H2 2013 owing to restrained industrial growth, sluggish recovery in exports and lackluster domestic demand. The competitive advantage of low costs in the BRICS economies will also continue to decline with the rise in labor costs. Increase in interbank borro...

Indonesia, Malaysia, Thailand and Vietnam have evolved strong global economies, owing to rapid industrial development in the last decade. Despite a volatile global scenario, a huge growth potential in low-cost, yet, technology driven manufacturing, will attract massive FDI into the region. Rising middle-class population will provide for stable grow...

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...