Macroeconomics

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...

Growth in North American is expected to stabilize in 2015 owing to a healthy rebound in the US economy. Driven by resilient consumer demand, it is anticipated that the region will grow by 2.5 percent in H1 2015. A strong US dollar and increased demand from the US may boost Canadian exports in H1 2015. External factors such as the slowdown in the Ch...

Emerging Europe is expected to see a subdued growth of about 2% in H1 2015 due to lower investor confidence and uncertainty associated with the Greek and Ukraine crises. European Central Bank’s monetary stimulus from March 2015 is expected to reduce deflation and the proposed European Union investment plan is likely to improve investments in key...

Growth in Western European economies is expected to recover gradually in 2015 as compared to 2014, mainly owing to the European Central Bank’s trillion-Euro monetary stimulus. Moreover, depreciation of Euro is expected to provide the much needed boost to the exports of the region in 2015. The uncertainty around the ongoing crisis in Greece is ant...

Emerging European economies are gradually registering a positive economic growth, stemming from a sensible monetary policy from the European Central Bank. However, the reliance of the Ukrainian and Turkish economies on external financing, as a result of the ongoing critical period in these countries, has remained a major area of concern in 2014.

Strong GDP growth supported by resilient domestic demand, prudent fiscal policies, and improved business sentiments is expected for the North American countries in Q1 2015, regardless of the slowdown and uncertainty in the global economy