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FocusEconomics surveys a panel of over 300 economists on more than 30 major economic indicators every month.

We provide  our clients with reliable data and analysis for 127 countries. Our reports feature the Consensus Forecast (mean average), along with best- and worst-case scenarios. Find out how FocusEconomics Consensus Forecast reports can help you meet your business goals.

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Latest Reports

  • February 3, 2016

    Global economic vulnerabilities and rising deflationary pressures promise a rocky 2016 

    The global economy expanded at its slowest pace in over two years in Q4 as growth in emerging-market economies continued to decelerate, while once-supportive developed economies failed to maintain momentum. According to preliminary data that accounts for around 45% of the world’s nominal GDP, the global economy expanded 2.4% annually in Q4, which was below the 2.6% expansion tallied in Q3. Results of note in Q4 include a year-on-year slowdown in the United States against a backdrop of a strong U.S. dollar and an inventory correction. The Chinese economy continued to decelerate gradually in the final quarter of 2015, which is consistent with Chinese authorities’ willingness to tolerate slower growth under the “new normal” approach.

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  • January 20, 2016

    Regional currencies face turbulent start to 2016

    Lower commodities prices, an economic deceleration in major trading partners and persistent domestic challenges among Latin America’s largest economies represented significant headwinds to the region in 2015. More complete data show that the region’s economic deterioration worsened in the third quarter of last year. A GDP estimate elaborated by FocusEconomics shows that the region’s economy contracted 0.7% annually in Q3, which contrasted the 0.1% increase observed in Q2. Q3’s decrease marked the first contraction in economic activity since Q3 2009 and mainly reflected deteriorating economic conditions in Brazil, which is by far the region’s largest economy. Moreover, recently-released data suggest that economic activity did not stabilize in the last quarter of 2015.

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  • January 20, 2016

    Growth picks up in Q3

    Growth in the Central American and Caribbean region picked up slightly in Q3 2015. A more complete set of data suggest that the region’s economy likely increased 3.1% year-on-year in Q3, marking an improvement over the 2.6% expansion recorded in Q2. That said, the momentum is likely to have carried over into Q4, as projections suggest that regional growth picked up to a 3.9% expansion in the last three months of 2015.

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  • January 27, 2016

    External headwinds continue to weigh on growth 

    A preliminary set of data suggested that growth in the Association of Southeast Asian Nations (ASEAN) edged down in the final months of 2015. GDP expanded 4.4% in the final quarter of 2015, which was just a notch down from the 4.5% expansion tallied in Q3. Results of note include pick-ups in growth in the economies of both Singapore and Vietnam. Vietnam managed to weather external headwinds particularly well in 2015, as strong infrastructure spending and a healthy manufacturing sector propelled the GDP to record the fastest expansion since 2007.

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  • January 27, 2016

    Economy likely to have decelerated in Q4 following Q3 stabilization

    Economic growth in East and South Asia (ESA) stabilized in the third quarter. More complete data showed that the region’s GDP increased 6.3% year-on-year in Q3 2015, which matched the pace of expansion registered in Q2. The stabilization in the region’s GDP growth reflected that the gradual slowdown in the Chinese economy was cushioned by stronger economic dynamics in India and Korea. Toward the end of 2015, economic growth in East and South Asia likely lost momentum as a result of a further deceleration in the Chinese economy. China’s GDP increased 6.8% annually in Q4, which was slightly down from the 6.9% expansion tallied in Q3. In 2015, China’s economy unsurprisingly increased 6.9%, which was in line with the government’s target of “approximately 7.0%”. The result, nonetheless, came in below the 7.3% expansion registered in 2014 and marked the slowest pace of growth in 25 years.

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  • February 3, 2016

    Private consumption continues to drive the recovery

    The Eurozone economy decelerated somewhat during the fall of 2015, partly due to sagging growth in the external sector. GDP increased 0.3% quarter-on-quarter in Q3, which was the slowest pace of growth in four periods. Data showed that growth in exports of goods and services dwindled in Q3 and its contribution to overall economic growth was the smallest since Q1 2013. This, in turn, did not offset steady growth in imports, which acted as a drag on GDP growth. Exports were weaker in Q3 due in part to a relatively-strong euro and a slight downturn in global demand. That said, domestic demand, particularly private consumption—supported by low oil prices and favorable financing conditions—remained solid and continued to be the engine that has propelled the Eurozone economy. For the end of 2015, the Eurozone’s GDP is set to have grown around 0.4% quarter-on-quarter in Q4, which would bring economic growth to 1.5% in the full year 2015. Looking at the major economies in the region, economic activity in 2015 was somewhat disappointing in Germany and still lagged—although it did recover gradually—in France and Italy. Conversely, economic activity in Spain firmed up last year.

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  • January 13, 2016

    CEE economy dodges global headwinds in 2015

    The economies of Central and Eastern Europe (CEE) showed solid growth in 2015, which resulted from strong domestic demand, particularly private consumption. Multiple factors contributed to strengthening private consumption including, falling unemployment, higher real wages, improved credit growth for consumers as well as lower commodities prices, which supported households’ disposable income. More complete data showed that after a mild slowdown in the second quarter of 2015, the region’s economy gained some momentum in the third. CEE’s GDP expanded 3.4% year-on-year in Q3 2015, which was above the 3.2% increase in Q2. Data across the region showed that almost all economies in CEE picked up pace in Q3. The exceptions were Estonia—where GDP cooled notably in Q3—as well as Hungary and Slovenia. Economic growth in the Czech Republic inched down in Q3 relative to Q2, but was still robust.

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  • January 13, 2016

    Economy fares better than initially reported in Q3 on broad economic improvement

    Growth in South-Eastern Europe (SEE) moderated slightly in Q3 according to a more complete set of economic data. GDP expanded 3.0% annually and, although this was a notch below the 3.1% increase tallied in Q2, it marked a strong improvement over the preliminary 2.6% growth. The modest deceleration mostly reflected a contraction in Greece as a result of the implementation of capital controls and worsening economic sentiment in the country related to harsh bailout negotiations. On the other hand, Tukey posted surprisingly-strong growth in Q3 despite the political impasse that followed the inconclusive June elections. Elsewhere in the region, most of the economies recorded an acceleration in Q3, mainly reflecting improving economic conditions in the Eurozone.

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  • January 13, 2016

    Region’s economic contraction bottoms out in Q2, stabilization begins gradually 

    The economic contraction in the Commonwealth of Independent States (CIS) worsened in the second quarter of 2015, however, more complete data disseminated by national statistical institutes and central banks across the region provided additional assurance that the economic contraction did in fact bottom out in mid-2015 and began to stabilize in Q3 2015. GDP decreased 2.8% annually in Q3, which came in above the 3.0% contraction in Q2. The relative improvement mainly reflected the fact that the Russian economy—by far the region’s largest economy—showed further signs of stabilization in the same period after having experienced the worst economic contraction in six years in Q2. Russia’s GDP fell 4.1% in Q3 over the same period of the previous year, which came in above the 4.6% contraction registered in Q2. Moreover, the economies of Belarus and war-hit Ukraine continued to decrease in Q3. However, the pace of contraction in these two economies was softer than in the previous quarter. While more recent data did continue to suggest further signs of stabilization in the region’s economic activity in Q4, the Commonwealth’s economy most likely remained in recession in 2015.

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  • January 13, 2016

    Cold war between Iran and Saudi Arabia heats up

    Growth in the Middle East and North Africa (MENA) stabilized in Q3 as weaker dynamics in the oil-export-driven countries was offset by an acceleration in most of the oil-importing economies. The region expanded 2.6% annually in the third quarter, matching the result tallied in both the first and the second quarters. The sharp decline in oil prices observed in Q3 took a heavy toll on growth among the countries that are integrated into the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) as well as other oil-producing economies. On the other hand, oil-dependent nations benefited from low crude prices.

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  • January 27, 2016

    Low commodity prices and domestic headwinds kept Q3 GDP growth at low levels

    In Q3, growth in the Sub-Saharan Africa (SSA) region stabilized on an annual basis according to a more complete set of data, which account for about 75% of the region’s nominal GDP. In fact, the economy expanded 3.3% over the same period of the previous year, thus mirroring the second quarter’s increase. Q2’s figure had marked the slowest pace of expansion since Q4 2009. The SSA region likely expanded at the slowest rate in five years in 2015 amid external and domestic headwinds. Low commodity prices—especially for oil—coupled with the slowdown in the region’s main trading partners undermined growth last year. On the domestic front, political instability as well as water and electricity shortages kept growth under potential.

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