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...

Economies in Asia-Pacific are likely to experience sluggish growth in 2020 on account of the unexpected ramifications of the COVID-19 outbreak. Regional growth is likely to remain stunted in H1 2020 due to the outbreak, but expected to pick up in H2 2020 as the lockdowns and travel bans are expected to be lifted. Key economies like Australia and ...

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...

Emerging Latin America's growth will remain moderate in Q4 2013 due to slow recovery in external demand. Private consumption demand will remain the main driver for growth in Q4 2013 and Q1 2014. Improvement in current account balances and currency values is unlikely in the short run. Foreign direct investment into the region is likely to remain sta...

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...

The NA economy is gradually recovering and is expected to post an economic growth of 2.1% by the end of 2013. Strong corporate finances, rebounding investment, and gradual improvement in consumer demand are expected to support modest growth in the US economy in Q4 2013 and H1 2014. However, high domestic debt and overvalued housing market will rema...

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...