Macroeconomics

Strong economic growth supported by resilient domestic demand, growth in exports, accommodative government policies, and improved investor confidence is expected for the Emerging Asia Pacific economies in H1 2015.

Economic growth in the emerging APAC regions will be resilient through H2 2014 and the beginning of 2015. While favourable financial conditions, improving labour market conditions, and broadly accommodative policies will support domestic demand growth, global economic recovery and a stronger-than-expected recovery of the US economy will help boost ...

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

The growth outlook for the emerging APAC region for H2 2014 remains strong despite weaker growth in Q1 2014. Growth in the region picked up in Q2 2014, primarily driven by stronger export demand from the advanced economies and improved financial conditions that helped strengthen the domestic demand. While relatively low interest rates in the region...

Western European countries are experiencing a slowdown in economic growth, but the trend is uneven across the region. Purchasing Manager’s Index gave a reading of 52.1 in October 2014 (a reading above 50 signifies an expansion in output). Although major economies such as Spain and Germany reported an increase in new business opportunities, others...

Western Europe is expected to maintain its growth momentum in the latter half of 2014 but high inflation, high unemployment, and political instability prevalent in some major countries will hamper growth. Increase in domestic and external demand is expected to further improve manufacturing production, thus stimulating growth in the next two quarter...

North American growth continued to accelerate in Q3 2014 following the strong Q2 performance. The energy sector boom, resulting in low fuel-prices and strong public-sector spending—despite modest consumer spending growth, supported strong economic expansion of the region in Q3 2014. The rise in real wages and dwindling unemployment will keep cons...

As recovery continues in this region, growth trends have been observed to be uneven across the economies, while domestic demands remain a key growth driver in major countries. Reforming labor market conditions remain top priority, which will be instrumental in enhancing business confidence and competitiveness. Weaker Euro area recovery and market i...