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We poll the world's leading economists and compile over 1,600 individual macroeconomic forecasts to provide our clients with reliable data and analysis for 95 countries. Our reports feature the Consensus Forecast (mean average), along with best- and worst-case scenarios.

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Latest Reports

  • April 1, 2015

    Developed economies to lead growth in Q1

    The global economy expanded at the softest pace since Q2 2013 in Q4. According to a more complete set of data, the global economy expanded 2.7% in Q4 over the same quarter last year (previously expected: +2.8% year-on-year), which was down from the 2.9% increase tallied in Q3. FocusEconomics’ panel of analysts expects global growth to pick up slightly to 2.9% in Q1, mainly fuelled by a healthy performance in the Eurozone and in the United States. Conversely, economic dynamics will soften in emerging markets.

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  • April 22, 2015

    Latin America experiences fourth consecutive year of deceleration in 2014

    Latin America’s bumpy ride throughout 2014 ended with lackluster growth in the fourth quarter. The latest and more complete GDP data released by national statistical institutes and central banks across Latin America showed that the region’s economies grew at different tempos in the last quarter of 2014. While the economies of Argentina, Chile and Mexico gained momentum in Q4, economic activity in Colombia, Ecuador, Peru and Uruguay decelerated. Meanwhile, Brazil’s economy decreased for a second consecutive period in Q4, although the pace of contraction was more moderate than in the previous quarter. The broad spectrum of results highlights the notable divergence in growth among Latin American economies. The regional GDP estimate (excluding Venezuela, which hasn’t yet published fourth quarter figures) showed that Latin America’s economy expanded 0.7% in the fourth quarter, which was a mild improvement over the 0.6% increase registered in the previous quarter. In the full year 2014, the region grew just 1.1%, which was well below the 2.9% increase tallied in 2013. 2014’s result also marked the fourth consecutive year of deceleration.

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  • April 22, 2015

    Latest GDP data confirm moderation in regional economic growth 

    The economies in the region continued to grow in the last quarter of 2014, albeit at a slower pace than in the third quarter, according to latest and more complete GDP data released by national statistical offices and central banks in Central America and the Caribbean. Costa Rica’s economic growth moderated from 3.4% in Q3 to 3.0% in Q4 and Guatemala’s economy lost momentum in the last quarter of 2014 (Q4: +4.4% year-on-year; Q3: +4.7% yoy). In the Dominican Republic, the economy lost some steam in Q4, with GDP growth sliding to 6.6% from 6.8% in Q3. However, with a 7.3% expansion in 2014, it was the fastest growing economy in the region. Panama’s GDP increased 5.8% annually in Q4, which was below the 6.5% growth tallied in Q3, marking the weakest reading in five years. As a result, GDP growth for 2014 as a whole came in at 6.2%, which was the slowest growth rate since 2010. Meanwhile, Nicaragua’s economy cooled down steadily throughout the course of 2014: GDP increased 3.6% annually in Q4, which was down from the 4.1% expansion in Q3.

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  • March 25, 2015

    Growth expected to remain broadly stable in Q1

    Final data for the region show that GDP expanded 6.3% annually in Q4, which was slightly down from the 6.4% increase tallied in Q3. As a result, regional growth for 2014 was on par with the 6.5% expansion recorded in 2013. Next year, growth in the ex-Japan Asia region will decelerate slightly mainly due to weaker economic dynamics in China. In this regard, and mainly due to recent revisions to the national accounts methodology in India, India is expected to grow faster than China in 2015. Estimates from FocusEconomics Consensus Forecast panelists show that the ex-Japan Asia region will expand 6.2% in Q1. 

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  • April 1, 2015

    Greece submits list of reforms, agreement with European leaders pending

    Greece’s relationship with the rest of the Eurozone deteriorated in recent days at a time when the country is running out of cash. On 27 March, Greece submitted a list of reforms, which the Eurogroup is expected to evaluate this week. Although the Greek government conceded to retain an unpopular property tax in the plan and to increase the value-added tax for Greek islands, the list failed to include reforms to labor laws and the pension system. It remains to be seen whether an agreement regarding the set of reforms will be sufficient for Athens to unlock much-needed external financing, or whether the Greek government will have to implement further reforms and push legislation through parliament. If European leaders merely seeing the set of reforms provided by the Greek government proves to be sufficient, this would represent a major concession for Greece. Conversely, if detailed reforms are not agreed upon soon, the political stalemate will be prolonged, capital controls are likely to be imposed in Greece, and the Greek government will go into arrears on its obligations to the IMF and the ECB in the coming months. Under this scenario, Greece would likely enter back into recession and the primary budget would return to deficit, which would put pressure on the SYRIZA-led government to shift its economic policy.

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  • April 15, 2015

    Ukraine’s crisis and external factors in Russia drag on growth in Eastern Europe

    More complete data confirmed that the majority of the Eastern European economies continued to grow at a moderate pace in the last quarter of 2014. In the fourth quarter, regional GDP grew 1.1% year-on-year, which marked a deceleration compared to the 1.5% increase observed in the previous quarter. Although the majority of economies are expanding at a rate above the regional average—between 2% and 3% growth—Russia and war-hit Ukraine continue to weigh on the regional average. In Ukraine, recession deepened profoundly, with GDP growth hitting rock bottom in Q4. The Russian economy surprisingly eked out growth in the fourth quarter (+0.4% year-on-year), but more recent data signal that the economy reached the brink of recession at the outset of 2015.

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