Macroeconomics

BRICS countries are expected to end 2014 on a low note, owing to various domestic as well as external factors. Weak global recovery is taking a toll on the external demand of these countries, while high consumer prices are likely to hinder strong private consumption growth in the coming quarters. Investors’ sentiments remain uncertain in Q4 2014,...

Increase in public expenditure on infrastructure and spur in investment are expected to be the primary growth drivers of the emerging Asia-Pacific region during H2 2015. Other factors that drive growth include rise in investment, growth in public expenditure, robust infrastructural development, and higher employment. While a positive growth outlook...

The Latin American region as a whole is expected to register a weakened growth rate of 1.3% in 2014. On the external front, weak commodity prices have led to fall in private spending, while on the domestic front, policy uncertainties have lowered confidence levels. However, a 2.2% growth recovery is foreseen in 2015 as policy uncertainties reduce.

The emerging Asia-Pacific region will continue to benefit from weakening oil prices through H1 as most of countries in the region are net oil importers. However, poor economic performance by large Asian economies such as China and Japan is expected to pose headwinds to trade prospects in the emerging Asia-Pacific region. The region is expected to m...

Latin American economies that are tied to the United States for their exports demand are expected to directly benefit from a faster than expected recovery of the US economy in 2014. However, countries such as Chile and most of other Latin American economies are anticipated to be adversely affected by falling raw materials prices and slowing Chinese...

Despite slowdown, BRICS economies are likely to drive global growth in 2015, with India and China witnessing 2–3% higher growth than the global average of 3.5%. Lower oil prices will continue to support steady consumption growth in oil importing countries such as India, China, and South Africa. However, Russia and Brazil are likely to suffer from...

Latin American growth outlook is anticipated to remain lackluster for 2015 due to slow recovery of global demand for the mining products of the region. Sluggish exports resulting in the devaluation of local currencies led to a continuous rise in inflation levels of several regional economies such as Colombia, Chile, and Brazil. As a result, consume...

The outlook for H1, 2015 remains uncertain; growth momentum in the region is expected to decelerate to 1% in 2015 on account of faltering commodity demand, high consumer prices and uncertain foreign investor sentiments. Fiscal consolidation and structural reforms are crucial to revive growth and investment inflows in the region.

The Latin American economies are anticipated to register subdued growth in H2 2014 caused by weak commodity prices and political uncertainties. As a result, confidence levels will diminish. However, growth levels are expected to pick up in H1 2015, with economies such as Mexico and Colombia benefiting from positive spillovers of the US recovery and...