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Latest Reports

  • December 22, 2017

    Global economy set to post strongest growth in six years in 2017

    The global economy continues to show strong resilience and is expected to expand at the fastest pace in six years in 2017. Households’ pockets are benefiting from improved labor markets across the globe and low inflationary pressures, especially in advanced economies. Moreover, loose financial conditions are shoring up business activity, while the drag from budget austerity has generally gone. Stronger-than-expected growth in China in Q3 translated into higher global demand, which reverberated positively through emerging-market economies. According to revised estimates by FocusEconomics, the global economy expanded 3.4% annually in Q3, overshooting the 3.3% growth in Q2.

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  • January 17, 2018

    Activity firms up in Q3 

    Comprehensive data confirmed that economic momentum gained speed in Latin America in the third quarter. Regional GDP increased 1.7% annually, matching last month’s preliminary estimate and marking a strong acceleration from Q2’s 1.1% expansion. The region’s economy is showing clear signs of strengthening, thanks to an accommodative global backdrop and a stabilizing domestic environment. Inflation is finally in check, allowing central banks to cut interest rates, and confidence is increasing as the recovery takes hold.

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  • January 17, 2018

    Complete GDP data shows region’s economy accelerated marginally in Q3

    The economic performance of the Central American and Caribbean region was weaker than previously estimated, with weather-related events severely disrupting activity in the Dominican Republic and Puerto Rico and fiscal woes staving off investment in Costa Rica. A more comprehensive set of data shows that the region’s economy expanded 2.3% in Q3 over the same period of the previous year, a marginal improvement compared to the six-and-a-half-year low of 2.2% growth logged in Q2 but below the 2.7% expansion initially expected.

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  • December 18, 2017

    Growth surges in Q3 to nearly five-year high 

    Comprehensive data reveals that the economy of the Association of Southeast Asian Nations (ASEAN) expanded robustly in the third quarter, with GDP growth notably overshooting preliminary estimates. According to an estimate compiled by FocusEconomics, regional GDP grew a buoyant 5.5% annually in Q3, a sharp acceleration from Q2’s 5.0%. The result marks the fastest growth rate since Q4 2012 as the region benefited from the tailwinds of higher commodity prices and healthy global demand.

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  • December 18, 2017

    Strong global demand and resilient domestic activity shore up growth in ESA in 2017

    The economy of the East and South Asia (ESA) region shifted into a higher gear in Q3 on the back of strong external demand and solid domestic activity. A more complete set of data for ESA countries showed that aggregate GDP for the region rose 6.2% annually in Q3, which was above the 6.1% increase in Q2. The print, however, was below the preliminary 6.3% figure reported last month as weaker-than-expected economic dynamics in India dragged down regional growth. That said, the Indian economy is slowly recovering from the lingering effects of demonetization that occurred in late 2016 and the implementation of the Goods and Services Tax (GST) on 1 July of this year.

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  • December 22, 2017

    Economy on track for best year since 2006 

    The Eurozone economy is enjoying a prolonged period of robust growth. Comprehensive data for the third quarter confirmed that GDP increased a buoyant seasonally-adjusted 0.6% from the previous quarter, down only a notch from the second quarter’s 0.7% expansion. Solid investment and export revenues supported activity in the third quarter, as the economy benefits from ultra-low interest rates and a dynamic global economy.

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  • January 10, 2018

    Growth soars to an over one-decade high in 2017

    The Central and Eastern European (CEE) economy powered ahead in 2017 and is expected to have grown at the fastest annual rate since 2006. FocusEconomics expects regional GDP to have grown 4.5% last year, notably above 3.1% in 2016. Expansionary fiscal policy, buoyant sentiment and tight labor markets fueled a spending spree across the region, and private consumption is projected to have grown at the fastest rate in over a decade. In addition, strong inflows of EU development funds and low interest rates caused investment to rebound, while fast growth in the Euro area, a major trading partner, boosted exports.

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  • January 10, 2018

    Regional GDP expands at faster-than-estimated pace in Q3

    The economy of the South-Eastern Europe (SEE) region roared through the third quarter of 2017, supported by robust global demand, ample fiscal stimulus programs and increased EU funding. Comprehensive GDP data shows the region’s economy expanded 8.2% from the previous year in Q3, the best reading in more than a decade. GDP growth was stronger than the 6.0% estimate previously reported and nearly double the 4.5% increase recorded in Q2. The quarter’s outstanding performance largely reflected breakneck growth in Romania and Turkey, while growth also picked up across most of the remaining countries in the region.

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  • January 10, 2018

    CIS economy shifts into higher gear in 2017

    The economy of the Commonwealth of Independent States (CIS) got back on track last year, putting the 2015–2016 recession firmly in the past. FocusEconomics expects GDP for the region to have grown 2.1% in 2017, which would be the best result in five years, as higher commodity prices, strong global appetite for exports and emerging market assets bolstered activity. The result is a notable turnaround from the recession that saw activity contract 1.9% at its height in 2015. The downturn was caused chiefly by a collapse in commodities prices and exacerbated by macroeconomic fragility across the reading, such as relatively poor business climates, structural distortions and weak public finances.

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  • January 10, 2018

    Solid economic performance remains threatened by heightened political uncertainty 

    Economic fundamentals remain strong in the Middle East and North Africa on the back of higher oil prices, strong global growth and accommodative financial conditions. However, widespread security threats and political unrest pose a sustained risk to the region’s economic performance, and spillovers from OPEC’s oil-cut deal continue to weigh on oil-producing countries. The MENA region’s economies rose an aggregated 1.7% annually in Q3, down from the 2.1% increase in Q2. Despite the deceleration, an analysis of individual countries paints a brighter picture of the regional economy.

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  • December 18, 2017

    Recovery remained on a firm footing in Q3

    Growth in the Sub-Saharan Africa (SSA) economy was steady in the third quarter and the region remains firmly entrenched on a path to recovery after a sharp slowdown in 2016. Preliminary data revealed that regional GDP expanded 2.6% annually in Q3, matching Q2’s result. The third-quarter reading marks the second strongest growth rate in nearly two years as the SSA economy benefits from commodities prices firming up and stronger global growth.

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