Blog posts tagged by tag: Sub-Saharan Africa
Emerging markets started 2016 on a weak note, with concerns over falling commodity prices and China’s slowing economy weighing on economic outlook. However, as the year progressed, various factors have led to emerging-market strength and economic performance was better than initially expected.
After expanding 4.0% in 2015, emerging economies grew by an estimated 3.9% last year, according to FocusEconomics’ Consensus Forecast. Economic growth was supported in 2016 by improving commodity prices and a broadly stable U.S. dollar. China’s economy proved more robust than initially feared and the recovery now looks to be back on track in Brazil and Russia.
But what’s in store for emerging markets this year? Will growth pick up in 2017?
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After a difficult 2015, the emerging markets have fortunately not decelerated as initially feared this year. Economic growth has been supported in 2016 by improving commodity prices and a broadly stable U.S. dollar. China’s economy has proved more robust than initially feared and the recovery now looks to be back on track in Brazil and Russia.
FocusEconomics’ Consensus Forecast sees emerging economies as a whole growing 3.9% this year, after expanding 4.0% in 2015. But what is in store for emerging markets in 2017?
Have a look at our latest Consensus Forecasts and find out what our panel of analysts says about the outlook for the key emerging markets next year.
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President Muhammadu Buhari beat Goodluck Jonathan in the March election, which was Nigeria’s first-ever peaceful political transition. That said, far from reaping the benefits of the “dividends of democracy”, the long delay in appointing the new cabinet led the country to a political stalemate and, consequently, to much-needed economic reforms being postponed.
In the last two years, we have seen large amounts of sovereign Eurobond issuances in the Sub-Saharan African region, reaching a record of more than USD 8 billion in 2015. However, this situation changed dramatically in the first half of this year.
[INFOGRAPHIC] Is Sub-Saharan Africa headed for the worst economic performance since the 2009 financial crisis?
Our panel of economic analysts cut their projections for the Sub-Saharan Africa region for the 6th consecutive month as external headwinds weigh on growth. Meanwhile, inflation reached an 8-month high and our panel projects that it will average 7.5% in 2015.
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.
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