Blog posts tagged by tag: South Africa
Things have not been going so well for Africa's two largest economies so far in 2016. Nigeria and South Africa have both felt the brunt of the global commodities price plunge over the last year and now they have the impact of the Brexit to contend with. The question is, when will they recover? Have a look at the infographic below to find out how we forecast growth going for Sub-Saharan Africa's two big guns through 2017.
It has not been a great start to 2016 for emerging markets. Collapsing oil prices have undermined Russia’s fiscal sustainability, Brazil is struggling through a deep recession and political chaos, and the Chinese economy continues to slow, hurting growth prospects in other developing countries.
According to FocusEconomics’ Consensus Forecast, emerging economies as a whole are estimated to have grown 4.0% in 2015 and are projected to grow 4.0% combined this year. Although growth rates in general continue to be faster than those of developed economies, according to the IMF’s latest World Economic Outlook report, they remain below the average of the past decade.
What’s in store for emerging markets for the rest of 2016? Have a look at our latest Consensus Forecasts and find out what the experts say about the key emerging economies this year.
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China’s meteoric rise in the past has been a boon to developing and advanced economies alike. Its seemingly insatiable consumption of raw materials destined for its rapidly-expanding urban centers and capital investments in a number of sectors helped to inflate what is often referred to as the “commodities super cycle” that has characterized the past 15 years. In an effort to secure such commodities, China has expanded its presence in sub-Saharan Africa, sending substantial sums of capital, expertise and workers to develop extraction industries and infrastructure in several countries. However, China’s rapid growth is unwinding, and its objectives in Africa are likely to reflect this fact. This month, Chinese leader Xi Jinping visits Zimbabwe and South Africa to engage in talks with African leaders.
We are pleased to announce the launch of our new Sub-Saharan Africa report. This report on 13 economies in Sub-Saharan Africa is the most comprehensive in-depth collection of macroeconomic data and analysis for the region available on the market. In fact, until now finding data on many economies in SSA had been a difficult if not nearly impossible task for many of our clients. The inagural edition of the Sub-Saharan Africa Consensus Forecast is available to download now.
“At FocusEconomics, we have seen the rising importance of Sub-Saharan Africa’s economy and more clients than ever are seeking reliable data and analysis on this region, which had previously been rather difficult to come by. We are pleased to announce that we are meeting the rising demand for economic intelligence for one of the world’s most dynamic regions,” said Arne Pohlman, Chief Economist at FocusEconomics.
Dukascopy TV recently produced a piece covering economic developments in South Africa as labor strikes and power outages, which have plagued the country over the last year, have had a significant negative impact on its economy. Low oil prices thus far in 2015 that should have positively affected the economy under normal circumstances were offset by the aforementioned power supply shortages, which have hurt manufacturing production. Business confidence is also down, hitting a three month low in the month of March. On top of it all, the recent xenophobic violence that was captured on camera and shared across the globe has not helped matters. Economist Dirina Mançellari spoke with Dukascopy to provide analysis on the situation.
How does the IMF’s latest quarterly global outlook compare to forecasts from over 30 of the world’s leading economists?
The World Bank just released its updated World Economic Ooutlook. We compared the IMF forecasts for 10 countries including, the USA, Russia, Japan, India, China and Brazil, to our own Consensus Forecasts from our panels of 30+ economic institutions. See how the forecasts stack up in our interactive infographic: http://bit.ly/1wnASjo
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