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Latest Reports
August 30, 2017
Healthy global economic momentum seen continuing into Q3
Dynamic global trade and improved labor markets, coupled with fiscal stimulus and accommodative monetary policies in key countries, are prompting the global economy to consolidate its healthy growth trajectory. A comprehensive estimate for the global economy corroborates that GDP expanded 3.1% annually in Q2, matching the result in Q1 and in line with what our Consensus Forecast had expected last month. Economic momentum is expected to continue in Q3, with the global economy forecast to expand 3.1% again.
September 13, 2017
GDP expands at fastest pace since Q1 2014
Comprehensive data from Statistical Institutes across the region confirms that the recovery in the Latin American economy strengthened notably in Q2. Regional GDP expanded 1.1% annually, which was above the 0.8% increase in Q1 and the best result in over three years.
September 13, 2017
Economic growth decelerates in Q2
Preliminary information suggests that economic momentum in the Central American and Caribbean region faltered in the second quarter after a relatively solid first-quarter performance. FocusEconomics panelists expect GDP to have grown 2.5% in Q2, considerably below the 3.0% expansion expected last month. The downward revision to Q2 GDP growth followed much weaker-than-expected growth in the Dominican Republic, which suffered from a plunge in public infrastructure outlays and decelerating credit growth to the private sector. In Belize, the economy also grew at a slower clip in Q2, weighed down by a weak secondary sector.
September 19, 2017
ASEAN economy humming along in Q3
Growth in the economy of the Association of Southeast Asian Nations (ASEAN) remains healthy in Q3 2017, after GDP recorded the best performance since Q3 2013 in Q2. FocusEconomics analysts expect regional GDP to grow 4.9% annually in Q3, a notch down from Q2’s 5.0% growth. Behind the broadly steady momentum is strengthened external demand that is supporting buoyant export flows from the region. Recent trade data from major economies has been largely positive for Q3: Export growth accelerated in Malaysia and the Philippines in July, and Indonesia’s trade balance swung back to surplus in August.
September 20, 2017
Sharp slowdown in India dents ESA’s momentum in Q2
Comprehensive data for East and South Asia (ESA) revealed that growth momentum waned in the second quarter of the year. ESA’s aggregate GDP rose 6.1% annually in Q2, which was a notch below last month’s preliminary estimate and marked the slowest growth since Q4 2015 (Q1: +6.2% year-on-year).
August 30, 2017
Economy fires on all cylinders in Q2Surging activity puts spotlight on ECB
The Eurozone’s growth spurt sped up in Q2, with the economy growing at the fastest pace in over two years. A preliminary estimate revealed that GDP expanded a seasonally-adjusted 0.6% over the previous quarter, a notch above Q1’s 0.5% and slightly above FocusEconomics analysts’ expectations. Although a breakdown by component is not yet available, the Eurozone’s growth story is expected to have remained largely unchanged, with upbeat sentiment, a tightening labor market and stronger global growth driving the acceleration.
September 6, 2017
Economic momentum stays strong in Q2
Preliminary data released by statistical institutes across the region reveal that growth in the Central and Eastern European (CEE) economy rose slightly in the second quarter. GDP expanded 4.1% annually in Q2, a notch above Q1’s 4.0% increase and the best result in one and a half years. Tight labor markets combined with reviving investment and booming activity in the Euro area, a key trading partner, are supporting buoyant growth in CEE, which has outperformed most emerging markets this year.
September 6, 2017
Projections upgraded for fifth straight month
The outlook for South-Eastern Europe’s economy was upgraded for a fifth consecutive month; the 2017 GDP growth forecast was revised from 3.5% last month to 3.7%. The upgrade once again came hand-in-hand with panelists’ more positive assessment of the Turkish economy following a recent string of upbeat data releases. The Romanian economy is also seen growing at a faster pace than previously expected as a result of H1’s performance, despite mounting fiscal concerns.
September 6, 2017
Recovery finally arrives: CIS grows at fastest pace in nearly five years in Q2
Comprehensive data revealed that economic activity surged in the Commonwealth of the Independent States (CIS) in the second quarter of this year. Regional GDP grew a notable 2.8% year-on-year, significantly above the preliminary estimate of 2.2% reported last month and Q1’s 1.1% increase. The result marked the best growth rate in since Q3 2012 as the region leaves its 2015–2016 recession firmly in the past.
September 6, 2017
Qatar crisis continues with no resolution in sight
The economic story that dominated the headlines at the start of the year for the Middle East and North Africa (MENA) region was largely unchanged in the second quarter. Oil-producing countries are feeling the pain of subdued crude prices and oil cuts mandated as part of the OPEC deal, while oil-importing nations are benefiting from resilient domestic demand and healthy global growth. According to a preliminary estimate, the MENA region expanded 2.2% annually in Q2, down from Q1’s 4.0% rise. The sharp slowdown mainly reflects that data for Iran has yet to be released for the April–June period, following a period of impressive growth in the previous quarter.
September 20, 2017
Recovery picks up steam as Nigeria returns to growth
Recent data confirms that the slow economic turnaround of the Sub-Saharan Africa (SSA) region continued in the second quarter. According to a preliminary estimate compiled by FocusEconomics, regional GDP increased 2.4% annually in Q2, an acceleration from Q1’s 2.0% expansion and the best result since Q4 2015.
Latest Economic
News
Kenya: Economic woes intensify as the country gears up for an election re-run in October
September 19, 2017
Kenya’s economic ordeals continue to worsen following the Supreme Court’s decision on 1 September to nullify the results of the 8 August vote and hold an election re-run.
China: Yuan strengthens to over one-year high
September 18, 2017
The Chinese yuan (CNY) rallied to its strongest value since May 2016 in September, continuing a trend that started in June amid stronger-than-expected growth and a weakening of the U.S. dollar.
Kenya: Central Bank holds the main policy rate at 10.00% in September
September 18, 2017
The Central Bank maintained the main policy rate at 10.00% at its 18 September monetary policy committee meeting, in line with market expectations.
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