Economic Tracker

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...

Robust improvement in consumption demand, generous government support, and improvement in public sector spending on infrastructure are expected to register steady growth in the Middle East and Africa in 2015. However, pragmatic macroeconomic policies to stabilize the global oil price fluctuations at $50to $60 per barrel in 2015 are likely to remain...

Economic recovery of the Middle Eastern economies is anticipated to be weaker in H1 2014 because of the increase in regional security concerns, ongoing political unrest, weak economic policies, and sluggish recovery of the global economy. Fiscal and external deficits will remain major areas of concern, especially in countries most adversely affecte...

Advanced economies are getting stabilized; this provides a boost to the growth of the Emerging Middle East and African countries in H2 2014. Majority of Middle East and African economies are heavily commodity export dependent. The total value of goods exported by the region largely comprises commodities (with more than 50% share), making the count...

Middle East and African economies are expected to see an improved performance in third quarter of 2014, mainly backed by the growth in external demand from advanced countries and diversification into non-oil sectors. The improved scenario is likely to continue during the rest half of 2014; however ongoing geopolitical tensions and staggering oil pr...

Emerging Middle East and Africa (MEA) is one of the fastest developing regions, with economies showing relative resilience to the global economic downturn and strengthened performance expected in the short term. Within the MEA region there are divergent growth patterns in H2 2013. The political instability in Egypt has severely hampered growth pros...

Oil-exporting countries such as the UAE, Saudi Arabia, and Algeria are likely to grow at a steady rate in Q4 2013 and H1 2014. Due to moderate global demand for oil, oil companies are reported to be scaling down oil production and holding back oil and gas sector investments in major oil producing economies in the region. This is likely to continue ...

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....