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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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  • February 10, 2016

    CEE economy withstands global headwinds thanks to strong domestic demand

    The economies of Central and Eastern Europe (CEE), propelled by robust domestic demand, picked up pace in the fall of 2015. Strong private consumption—supported by tightening labor markets and the low-commodity-price environment—has allowed the region to withstand external headwinds. More complete data show that regional GDP gained steam in Q3 2015 and expanded 3.4% year-on-year, which was above Q2’s 3.2% growth. The pickup came on the back of accelerations in almost all of the economies in the region, with the exception of Estonia, Hungary and Slovenia. For the full year 2015, the CEE economy is expected to have grown at the fastest pace since 2008, thanks to strong domestic demand. Poland, the region’s largest economy, accelerated from 2014’s 3.4% expansion to a 3.6% increase in 2015 according to a preliminary estimate. In addition, Latvia’s economy also picked up speed last year, while Lithuania’s economy decelerated as it was likely restrained by a subdued external sector.

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  • February 10, 2016

    Growth remains robust in Q3 despite deceleration 

    The economy of South-Eastern Europe (SEE) decelerated slightly in the third quarter according to a more complete set of data. GDP expanded 3.0% over the same quarter of the previous year, which was down from the 3.1% increase tallied in Q2 and marked the second-highest reading in over a year. Q3’s deceleration was mainly the result of an annual contraction in Greece—the first in nearly two years. The country has been suffering the effects of the tough economic reforms required to be compliant with the bailout agreement. Complicating things further, the refugee crisis is adding pressure on the flagging economy. Conversely, Turkey, the other regional heavyweight, surprisingly accelerated in Q3 and GDP grew at the fastest rate in over a year despite the political turmoil following June’s elections. The country benefited from a strong restocking process and an improvement in the contribution from the external sector. The majority of the other economies also tallied accelerations in Q3.

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  • February 10, 2016

    Contraction in the region’s economy begins to stabilize in Q3

    The combination of factors that determined the plunge in the economy of the Commonwealth of Independent States (CIS) in the second quarter of 2015 persisted in in the third quarter. These factors included the sharp fall in commodities prices, restrictions on access to international capital markets due to sanctions against Russia and a deceleration in China, which is the region’s main trading partner. However, a more complete set of data provided assurance that the economic deterioration did in fact bottom out in mid-2015 and begin to stabilize in Q3 2015. An estimate elaborated by FocusEconomics shows that the CIS’s GDP contracted 2.9% year-on-year in Q3, which came in above the 3.2% decrease registered in Q2. The improvement in Q3 primarily reflected a stabilization in GDP in both Russia—by far the region’s largest economy—and Belarus. Although economic conditions in the majority of the CIS economies were challenging in Q3, differences in growth dynamics persisted. Oil and gas exporting countries, namely Azerbaijan, Kazakhstan, Russia and Turkmenistan, saw economic conditions deteriorate rapidly as a result of the sharp fall in energy prices. Meanwhile, most of the labor-exporting countries (Armenia, Kyrgyzstan, Moldova and Tajikistan) saw a softer deterioration in growth rates mainly due to strong production in the agricultural sector and, in some cases, increased activity in the extractive sector. Moldova’s political difficulties caused it to be the only country in the region to see a steep drop in economic growth.

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  • February 10, 2016

    Rising geopolitical threats and an uncertain global economic outlook dampen growth in MENA

    Growth in the Middle East and North Africa (MENA) region decelerated in Q3 as the fall in oil prices took its toll on crude-export-driven nations, while the economies that are less reliant on oil revenues managed to maintain their growth momentum. The region expanded 2.4% annually in the third quarter, which was below the 2.8% increase tallied in Q2. Results of note in Q3 include a sizeable deceleration among the countries that are integrated into the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates). On the other hand, most of the oil-dependent nations benefited from low crude prices. Our panel foresees growth broadly stable at 2.5% in Q4

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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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