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Latest Reports

  • November 22, 2017

    Global economy continues to roar despite mounting political risks         

    Economic momentum is largely holding up in the world’s largest economies, the effects of which are reverberating across the globe. The global economy is benefiting from a combination of loose financial conditions, more supportive fiscal policies in some key countries following years of harsh fiscal consolidation, low inflation and strong global trade. According to revised estimates by FocusEconomics, the global economy expanded 3.3% annually in Q3, overshooting the 3.2% growth in Q2. The third-quarter print marked the strongest growth in nearly four years.

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  • December 7, 2017

    Recovery accelerates in Q3 

    Economic growth in Latin America sped up in the third quarter, as the long-awaited recovery takes hold. Preliminary data reveals that regional GDP expanded 1.7% annually in Q3, above Q2’s 1.1% rise and the strongest rate of growth since Q1 2014. Recovering confidence, accommodative financial conditions, rising commodities prices and a healthy global backdrop drove the region’s economic performance in Q3, as the economy puts last year’s recession firmly behind it. 

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  • December 7, 2017

    Growth expected to have picked up in Q3 following weak Q2 print

    Economic growth in the Central American and Caribbean economy is expected to have firmed up in the third quarter of the year, with growth regaining momentum in the Dominican Republic and economic activity remaining resilient across the region’s other heavy hitters. Regional GDP is expected to have increased a moderate 2.7% in Q3 amid ongoing fiscal concerns and natural disasters. The result was nonetheless above the 2.3% growth rate in Q2, an over six-year low.

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  • December 15, 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 15, 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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  • November 22, 2017

    Growth remains robust in Q3 but political instability continues to threaten economic trajectory

    The Eurozone economy continued to perform robustly in the third quarter of 2017, according to preliminary estimates released by Eurostat. GDP increased a seasonally-adjusted 0.6% in Q3 from the previous quarter, which was a notch below Q2’s 0.7% rise. Although a breakdown of components is not yet available, the region’s economic drivers likely remained the same, as accommodative monetary policy, a recovering labor market and healthy external demand support activity. The Eurozone is on track to grow at the fastest pace since 2007 this year with a Consensus Forecast of 2.2%. 

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  • November 29, 2017

    GDP growth in Q3 surges to highest rate in nearly a decade

    The Central and Eastern European (CEE) economy fired on all cylinders in the third quarter, buttressed by domestic activity and external demand. According to a preliminary estimate compiled by FocusEconomics, regional GDP growth soared 5.0% annually in Q3, notably above Q2’s 4.3% expansion. Q3’s result, the highest growth rate since Q2 2008, marked the fourth consecutive quarter of accelerating economic activity. Several tailwinds underpinned the region’s positive performance including tight labor markets, loose fiscal policies, accommodative financial conditions, reviving investment and strong Euro area demand for exports. 

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  • November 29, 2017

    Regional GDP estimated to have expanded at the fastest pace in nearly a decade in Q3

    A combination of healthy global demand, massive fiscal policy stimulus and an increased absorption of EU funds fueled economic growth across the South-Eastern Europe (SEE) region in the third quarter. A preliminary estimate shows the region’s economy expanded 6.0% in Q3 from the same period of last year, which, if confirmed, would mark the fastest pace of growth since Q1 2008. Q3’s figure is well above the 4.2% increase recorded in the previous quarter and the 5.4% rise initially expected. However, clouds are rapidly gathering on the horizon as economic tailwinds dissipate and macroeconomic imbalances become more evident. Regional growth is expected to decelerate to 3.7% in Q4.

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  • November 29, 2017

    Growth softens in Q3, but recovery in 2017 remains on track

    Growth waned in the economy of the Commonwealth of Independent States (CIS) in the third quarter, according to a preliminary estimate of regional GDP compiled by FocusEconomics. Regional GDP grew 2.3% annually, down from the second quarter’s buoyant 2.8% increase. Slower growth in regional heavyweight Russia was chiefly behind the slowdown, while several other economies saw activity gain steam in the quarter.

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  • November 29, 2017

    Political instability threatens to derail MENA’s blossoming economic recovery

    Higher oil prices, resilient global growth and accommodative financial conditions promise to cushion the Middle East and North Africa’s economic slowdown from the effects of oil production cuts. According to our latest estimates, the region’s economies expanded an aggregated 2.1% annually in Q2, up from the 1.8% rise estimated last month, mostly reflecting better-than-expected economic dynamics in Iran.

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  • December 15, 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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