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Latest Reports
October 24, 2018
Global growth likely dimmed in the third quarter as trade war fears intensify
Global economic growth appears to have lost steam in the third quarter in annual terms following Q2’s strong showing. A preliminary GDP estimate for the global economy put year-on-year growth at 3.3% for Q3. While the print was a notch below the 3.4% increase from the previous period, it matched last month’s forecast.
November 7, 2018
Recovery stalls in third quarter
Incoming data suggests that the Latin American economy remained soft in the third quarter. FocusEconomics estimates that regional GDP growth (excluding Venezuela) remained broadly unchanged, inching up from Q2’s 1.7% to 1.8% year-on-year. The second quarter’s result had marked the worst performance in one year as shocks in major-players Argentina and Brazil held back growth.
November 7, 2018
Regional economy likely gained steam in Q3
According to a preliminary estimate, the economy of Central America and the Caribbean should have expanded 3.4% in the third quarter, which, if confirmed, would mark an acceleration from Q2’s 2.2%. Excluding Puerto Rico, growth likely picked up from 3.6% in Q2 to 3.8% in Q3.
November 14, 2018
Regional economy records a strong showing in the third quarter
According to a more complete estimate by FocusEconomics, ASEAN expanded 4.9% in the third quarter of 2018, buttressed by strong domestic demand. However, this still marks a loss of momentum from the second quarter’s 5.2% expansion.
November 14, 2018
Economic growth decelerates in Q3
Higher oil prices, contagion from this summer’s currency crises in Argentina and Turkey and mounting economic uncertainty sent economic growth in East and South Asia (ESA) to an over one-year low in the third quarter. Nevertheless, the region benefited from tight labor markets and supportive public policies in some countries, such as China and Korea. According to an estimate for the region produced by FocusEconomics, ESA countries grew an aggregated 6.1% year-on-year in the third quarter. While the print was considerably below the 6.4% expansion in the second quarter, it was still in line with the estimate reported last month.
October 24, 2018
Italian budget spooks financial markets; softer growth persists in Q3
Incoming data suggests that economic dynamics were little changed in the Eurozone in the third quarter. FocusEconomics estimates that GDP grew a seasonally-adjusted 0.4% over the previous period, which if confirmed, would match the first and second quarter’s results. While economic momentum remained solid bolstered by accommodative monetary policy and a tightening labor market, growth has nearly halved from 2017’s stellar pace due to a less favorable external environment and softer economic sentiment.
November 2, 2018
CEE economy cools off somewhat in Q3
Available data suggests that growth across the Central and Eastern European (CEE) economy continued to taper in the third quarter, on the heels of a boisterous second-quarter outturn underpinned by solid internal demand. According to a preliminary estimate by FocusEconomics, regional growth came in at 3.8% year-on-year in the third quarter, the slowest expansion in nearly two years and down considerably from the snappy 4.2% annual pace clocked in the second quarter.
October 31, 2018
Regional economy likely lost steam in the third quarter
According to an estimate by FocusEconomics, South-Eastern Europe’s (SEE) economy lost steam in the third quarter and grew 2.6% annually, down notably from Q2’s 4.3% expansion. The slowdown was likely driven chiefly by a moderation in growth in regional powerhouse Turkey, which accounts for around half of the region’s nominal GDP.
November 2, 2018
Growth slides in Q3
The recovery in the Commonwealth of Independent States (CIS) is expected to have taken a breather in the third quarter, after growth shot up in the second quarter. FocusEconomics projects that regional GDP growth slid from 2.4% annually to 2.1% in Q3. While higher commodity prices are expected to continue giving a boost to activity in the region, sluggish momentum in Russia is expected to have weighed on the region and spilled over, denting growth in other economies.
October 31, 2018
Most of the region likely performed well in Q3, although Iran dragged on the performance
According to an estimate by FocusEconomics, the MENA economy should have expanded 2.3% in Q3. If confirmed, this would mark a slight deceleration from Q2’s revised 2.5% growth (previously reported: +2.6% year-on-year).
November 14, 2018
Heavyweights under pressure in Q2
Comprehensive second-quarter data revealed an unexpectedly downbeat outturn for the Sub-Saharan African (SSA) economy, which faltered mid-year as the region’s heavyweights staggered. Regional growth in the second quarter was slashed to 2.2% year-on-year, down significantly from both preliminary estimates (previously reported: +2.8% year-on-year) and the outset of the year (Q1: +2.6% year-on-year). Despite deteriorating metrics in Angola, Nigeria and South Africa, the region’s major players, much of the region notched faster gains as export-oriented economies continued shaking off the commodity slump. Economic tailwinds, including favorable weather conditions and firmer commodity prices, look set to persist through the remainder of the year; in line with anticipated upturns in Angola, Nigeria and South Africa, FocusEconomics expects regional growth to have recovered in the third quarter, to 3.0% year-on-year.
Latest Economic
News
Australia: Labor market adds high number of new jobs in October
November 15, 2018
Seasonally-adjusted employment increased by 32,800 in October compared to the previous month, following the revised 7,800 jobs added in September (previously reported: +5,600 jobs) and overshooting analysts’ expectations for a gain of 20,000.
China: Growth in house prices inches up in October
November 15, 2018
House prices in 70 large- and medium-sized cities rose 1.0% in October in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
Peru: Third quarter economic activity ends on a low note
November 15, 2018
Economic activity expanded 2.1% year-on-year in September, down from August’s 2.3% increase.
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