Blog posts tagged by tag: Eastern Europe
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Why is Eastern Europe’s economic outlook improving?
The economic outlook for Eastern Europe has improved over the last month. In our latest insight piece, we examine why.
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Will Eastern Europe's auto industry survive the chip shortage?
When it comes to global vehicle production, the top three producers mainly steal the headlines as China, the U.S. and Japan account for over 50% of annual output. That being said, the auto industries in the three heavy hitters make up small proportions of their domestic economies. Consequently, the current supply chain issues impacting the auto sector are having much more pronounced impacts in those economies that depend strongly on the auto industry.
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Turkey’s Currency Crash Worsens Outlook for the Economy
Guest Author: Daniel Solomon, Economist, Euromonitor International
Turkey’s economy has deteriorated dramatically during the summer. The Turkish lira crashed by 33% in August 2018, bringing the total depreciation for 2018 to around 70%. Inflation in August reached 17.9% year-on-year, and the central bank raised its key interest rate from 8% to 17.75% during the summer. Both consumer and business confidence have dropped sharply. In September, Turkey’s central bank hiked interest rates once again to 24%.
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What are the prospects for Emerging Economies in 2017?
Emerging markets started 2016 on a weak note, with concerns over falling commodity prices and China’s slowing economy weighing on economic outlook. However, as the year progressed, various factors have led to emerging-market strength and economic performance was better than initially expected.
After expanding 4.0% in 2015, emerging economies grew by an estimated 3.9% last year, according to FocusEconomics’ Consensus Forecast. Economic growth was supported in 2016 by improving commodity prices and a broadly stable U.S. dollar. China’s economy proved more robust than initially feared and the recovery now looks to be back on track in Brazil and Russia.
But what’s in store for emerging markets this year? Will growth pick up in 2017?
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Global growth to edge up in 2017
Global growth is likely to strengthen this year but uncertainty over geopolitical issues across the globe, elections in various European countries, Brexit negotiations and Donald Trump as President of the United States, pose risks to growth. Have a look at what is expected for the developed economies & the emerging markets in 2017.
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How will emerging markets perform in 2017?
After a difficult 2015, the emerging markets have fortunately not decelerated as initially feared this year. Economic growth has been supported in 2016 by improving commodity prices and a broadly stable U.S. dollar. China’s economy has proved more robust than initially feared and the recovery now looks to be back on track in Brazil and Russia.
FocusEconomics’ Consensus Forecast sees emerging economies as a whole growing 3.9% this year, after expanding 4.0% in 2015. But what is in store for emerging markets in 2017?
Have a look at our latest Consensus Forecasts and find out what our panel of analysts says about the outlook for the key emerging markets next year.
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How will emerging markets perform in 2016?
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Top Posts
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Brazil elections: What’s in store for Latin America’s largest economy?
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Will Italy be the first target of the ECB’s new anti-fragmentation tool, the TPI?
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What does the U.S.-China tussle over Taiwan mean for the global economy?
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Why is OPEC struggling to raise oil output?
Featured Posts
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What is the outlook for Sub-Saharan Africa’s economy?
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Brazil elections: What’s in store for Latin America’s largest economy?
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Will Italy be the first target of the ECB’s new anti-fragmentation tool, the TPI?
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What does the U.S.-China tussle over Taiwan mean for the global economy?
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Why does Latin America have a growth problem?
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Why is OPEC struggling to raise oil output?
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Fed hikes rates: How high will rates go in 2022?
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