FocusEconomics Insights - Latest Posts
November 19, 2018
GDP per capita is often considered an indicator of the standard of living of a given country, as it reflects the average wealth of each person residing in a country. It is therefore the standard method used to compare how poor or wealthy countries are in relation to each other. With 2018 coming to a close, we decided to take a look at our forecasts for GDP per capita from 2019 to 2023 for the 127 countries we cover to get an idea of what countries are the poorest currently and which will be making a leap toward becoming wealthier in the coming years. The projections used in this study are Consensus Forecasts based on the individual forecasts of over 1000 world renowned investment banks, economic think tanks and professional economic forecasting firms.
November 13, 2018
Despite boasting the eighth-largest economy in the world, growth in Italy has stagnated for more than two decades. Economist Massimo Bassetti give us his six reasons for Italy’s weak economic growth over the last few decades:
November 8, 2018
Jair Bolsonaro will take the reins of Brazil’s economy on 1 January, after winning 55% of the vote in the second-round of the presidential election held on 28 October. The congressman and former army captain beat Workers’ Party candidate Fernando Haddad and will be the country’s first right-wing president in almost 15 years. Markets reacted positively to the news, with the Bovespa stock index hitting a record high and the real strengthening the day after the election. With election uncertainty finally lifted from the shoulders of Latin America’s largest economy, FocusEconomics asked some of our panelists to comment on what a Bolsonaro presidency means for their economic forecasts.
November 8, 2018
When it comes to the top national economies globally, although the order may shift around slightly from one year to the next, the key players are usually the same. At the top of the list is the United States of America, which according to Investopedia, has been at the head of the table going all the way back to 1871. However, as has been the case for a good few years now, China is gaining on the U.S., with some even claiming that China has already overtaken the U.S. as the world’s Number 1 economy.
Nonetheless, going by nominal GDP measured in U.S. dollars alone, the U.S. maintains its spot followed by China and Japan. In this post we take a look at the world’s top economies according to our Consensus Forecasts for 2019 nominal GDP. We also discuss how the top economies change when looking at GDP per capita along with a highlight on emerging markets and their potential to catch up to the big players in the not too distant future.
November 7, 2018
At the global level, the consequences of the financial crisis put the role that governments should assume when their banking systems face difficulties under the spotlight.
October 30, 2018
It is often stated that there is a major financial crisis every 10 years or so. Having said that, it’s been a little over a decade since the Lehman Brothers collapse sparked the last global financial crisis (GFC) and with global economic growth starting to show signs of petering out, some in the media and elsewhere in the public eye are forecasting another global financial crisis in the very near future.
October 29, 2018
“A new chapter in Kenya’s history”: that’s how Kenyan President Uhuru Kenyatta described the triumphant opening of the railway line linking the capital Nairobi to the key port city of Mombasa in 2017.
October 23, 2018
By: Constantin Gurdgiev, PhD
Since the onset of the Global Financial Crisis (GFC) ten years ago, academic and regulatory/supervisory research has highlighted the changing patterns in historical evidence relating to large scale financial crises. The two key changes identified in the growing body of empirical evidence points to two trends: firstly, the financial crises are now happening with more frequent regularity; and secondly, each consecutive crisis has been marked by greater degree of real economic disruption than the preceding one.
October 16, 2018
Argentinians between the ages of 30 and 50 have inherited a heavy burden: economic instability, political turmoil and flagrant corruption. This combination, as familiar as it sounds to Latin Americans, is of particular relevance in Argentina because it has caused an entire generation to live life discouraged, without a long-term vision and clinging to what they have for fear of losing everything.
October 8, 2018
Economist Christopher Thomas answers some questions regarding Mexico’s economic outlook for 2019 in the wake of the announcement of the new United States-Mexico-Canada Agreement (USMCA) and as President-elect Andrés Manuel López Obrador (AMLO) prepares to take power later this year.
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