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We poll the world's leading economists and compile over 1,400 individual macroeconomic forecasts to provide our clients with reliable data and analysis for 78 countries. Our reports feature the Consensus Forecast (mean average), along with best- and worst-case scenarios.

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Latest Reports

  • November 25, 2014

    The global GDP growth outlook for 2015 was revised down this month. Panelists expect the world economy to expand 3.2%, which is down 0.1 percentage points from last month’s projection. The result stemmed from downward revisions to the Euro area, Japan and the BRIC economies. Panelists left their projections for 2014 unchanged over last month and expect the global economy to grow 2.7%.

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  • December 9, 2014

    Growth gradually gains momentum in Q3 after bottoming out in Q2

    More complete data showed that growth in most Latin American economies bottomed out in the second quarter and that it is picking up slowly in the second half of the year. In the third quarter, the regional GDP estimate (excluding Venezuela which hasn’t yet published GDP figures for 2014) showed that the economy grew 0.7% year-on-year, which came in slightly above the 0.6% expansion observed in the second quarter.

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  • December 9, 2014

    Most economies in Central America and the Caribbean decelerated in the first half of the year and more recent data indicate that growth momentum was still sluggish at the outset of the third quarter. The region’s 2014 economic growth is expected to be the slowest since 2011. However, growth prospects for next year are still positive. The FocusEconomics Consensus Forecast for December reflects stable growth prospects for 7 of the 12 economies surveyed. The Dominican Republic and Nicaragua were the only countries for which panelists raised their projections, while Haiti, Panama and Trinidad and Tobago experienced downward revisions. Panama is still expected to be the region’s fastest growing economy in 2015 with a projected 6.0% GDP expansion, followed by the Dominican Republic (4.7%). At the other end of the spectrum, Puerto Rico is expected to be the worst performer. Panelists foresee the country experiencing a second consecutive year in recession with a contraction of 0.7%.

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  • December 17, 2014

    Weak Q3 growth momentum carries into Q4

    Growth in most economies in the ex-Japan Asia region continued to slow in the third quarter, according to more complete data. The regional GDP increased 6.0% annually in the third quarter (Q2: 6.2% year-on-year), which represented the weakest growth since Q3 2012. More recent economic information suggests that growth will maintain virtually the same pace in the final quarter of 2014. Estimates for Q4 show that the region will expand 6.1%. 

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  • November 25, 2014

    Panelists revised down the 2015 GDP outlook for the Euro area for a third consecutive month and now expect the region’s economy to expand 1.1% in 2015, which is 0.1 percentage points below last month's projection. The result reflected downward revisions to the outlook for 9 of the 18 economies surveyed (Austria, Belgium, Cyprus, France, Germany, Italy, Latvia, Portugal and Slovakia). The forecasts for two economies (Ireland and Malta) were revised upward, while panelists did not change the outlook for the remaining seven economies. Meanwhile, panelists left the 2014 GDP growth projection unchanged at last month’s 0.8%.

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  • December 3, 2014

    Ukraine conflict drags down regional economic growth

    Eastern Europe’s economies continue to grow at a moderate pace as the region is caught between sluggish Eurozone demand and the effects of the ongoing conflict in eastern Ukraine. In the third quarter, regional GDP (excluding Turkey, which hasn’t yet published third quarter figures) grew 1.5% year-on-year, which was unchanged from the pace reported for the second quarter. The majority of the economies are expanding at a 2%–3% rhythm. However, Russia and Ukraine are weighing on the regional average. In Ukraine, the recession deepened with GDP contracting 5.1% in the third quarter (Q2: -4.6% year-on-year), as the industrial hubs in the Donbas region have basically been cut off from the rest of the country. The Russian economy still eked out a year-on-year increase in the third quarter (+0.7% yoy), but the economy is increasingly feeling the sting of the sanctions. Forward-looking indicators, such as the November manufacturing purchasing managers’ indices, showed surprising strength in the major Central European economies. Nevertheless, regional growth is seen reaching a bottom in the current quarter before embarking on a gradual recovery path in 2015.  

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