Economic Tracker

The outlook for the Central America and Caribbean economies is expected to stay bleak in 2020, registering technical recession in Q2–Q3 of 2020 and a full year recession for 2021. Local and global containment measures, along with the economies’ large dependence on tourism and remittances particularly coming from the United States, have led to a...

The Americas are expected to record tepid growth in 2020, higher than that of 2019. Advanced economies such as the US and Canada are likely to witness an economic rebound in 2020. Other smaller economies like Panama and Chile are poised to grow as well. However, Argentina’s growth is likely to remain contracted on account of currency deterioratio...

The economic outlook for Western Europe is expected to stay muted in 2020. The US-China trade wars, global economic slowdown, and the uncertainty surrounding Brexit have softened external demand, affecting export-based economies such as Germany. While unemployment rates have been low and stable across most of Western Europe, job growth has plateaue...

Latin American economy is likely to remain moderate for H1 2016 as growth is expected to gradually pick up in 2016 mainly due to strong domestic demand. Currency depreciation has increased inflation above target in most of the countries (except Mexico) and remains a major cause of concern for respective Central Banks. Planning and implementation of...

The growth outlook of the region is expected to remain lackluster for the rest of 2015. But it is anticipated that there will be no temporary slowdown in the region till H1 2016 in spite of low growth rates of around 3% for the region. Unfavorable combination of external factors like low commodity prices, sluggish exports, slowdown in China, rising...

A slowdown in energy sector is likely to hamper the overall growth of North America, which is expected to grow at a modest rate of around 2-2.5 percent in 2015 on account of weak investment growth. Rise in consumer debt and the housing market bubble are weakening the growth prospects of the Canadian economy. The Q1 2016 outlook of the United States...

North America’s outlook for second half of 2015 remains uncertain primarily due to contraction in emerging economies like China and Brazil. Moreover, currency appreciation, proposed interest rate hike in the United States, and unstable oil and gasoline prices are also likely to act as growth restraints in the second half of 2015.

Economic conditions in the Eurozone economy are set to improve in Q4 2015 driven by robust domestic demand, as private consumption is improving. The uncertainty cloud regarding Greece has settled to some extent on agreeing to a tentative bailout agreement to address its debt crisis. Exports are also reviving, prompted by a weaker Euro. Low oil pric...

Eurozone economy remains resilient with the anticipation of a steady domestic demand driven economic growth in Q4 2015 and Q1 2016. An expansionary monetary policy backed by low oil prices and a weaker Euro are expected to be the growth drivers of the region. Key industries like manufacturing and services will continue to perform well as suggested ...