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11 Feb 2021  |  Europe  |  Megatrends
A New Global Paradigm with China’s One Belt, One Road Initiative
Improved Connectivity and Reshaping of Trade Relations Leading to New Growth Opportunities
China envisions the revival of the ancient Silk Road, which previously facilitated trade with nations across Persia, Central Asia, and Europe for over 2,000 years, as a catalyst to unify both local and international markets through trade activities and trade routes. The introduction of the One Belt, One Road Initiative in 2013 seeks to develop a ne...
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24 Dec 2019  |  Europe  |  Economic and Databases
Eastern Europe Economic Tracker—Insights and Trends, H2 2019
Weak Global Economy Discouraging Exports
The economies of Eastern European countries have had a slow 2019, with stalling or contracting growth in certain economies. The global economic slump, ongoing trade wars, the weak German economy, and Brexit have discouraged external demand. Internal demand, due to low inflation, wage growth, and tight labor markets, has been able to sustain the pro...
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14 May 2019  |  Europe  |  Economic and Databases
Western Europe Tracker—Insights and Trends, H2 2019
Slow Global Demand and Political Uncertainty to Weigh Upon Growth
Economic outlook for the West European countries, like Belgium, France, Germany, Italy, Spain, the Netherlands and the United Kingdom, is expected to remain downbeat throughout 2019 due to weak business sentiment arising out of Brexit issues and slow global economic recovery. Domestic demand and consumer sentiments supported by low inflation and st...
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14 May 2019  |  Europe  |  Economic and Databases
Western Europe Tracker—Insights and Trends, H1 2019
Slowing Economic Dynamic with Brexit Issues Looming
In Q3 2018, regional growth in the Western Europe region remained stagnated at 1.6% with growth expected to remain low during the forecast period predominantly due to uncertainties arising out of the Brexit issues and slow growth outlook in emerging markets. Economic growth in Germany appears to have touched a near-zero situation in Q4 2018 and is ...
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12 Feb 2019  |  Europe  |  Economic and Databases
Eastern Europe and CIS Economic Tracker—Insights and Trends, H2 2018
Moderating export growth to affect growth forecast
The growth outlook for the economies in the Eastern Europe and The Commonwealth of Independent States (CIS) remains moderate. While the economic growth in the Eastern European countries such as The Czech Republic, Hungary, and Poland is gaining momentum, Turkey is expected to plunge into a near-zero growth situation by the end of Q4 2018. Czech eco...
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07 Feb 2019  |  Africa  |  Economic and Databases
Middle East and Africa (MEA) Economic Tracker—Insights and Trends, H1 2018
Higher Oil Prices Drive Growth Recovery
Economic recovery in Saudi Arabia will continue to be supported by pick up in oil production to compensative for output decline in Iran. While Aramco privatization is delayed, Saudi aims to generate $11 billion non-oil revenue through privatization program by 2020. The killing of journalist Khashoggi heightened capital flight in October 2018, as th...
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07 Feb 2019  |  Africa  |  Economic and Databases
Middle East and Africa (MEA) Economic Tracker—Insights and Trends, H2 2018
Privatization Led Non-oil Sector Growth Drive Economic Growth in the Region
Economies of the Middle Eastern countries will remain modest due to higher oil exporting revenue being moderately offset by recession in Iran. Higher oil prices are expected to drive oil and gas and hydrocarbon sector in the region, with Saudi Arabia leading the pack in 2019. OPEC oil production dipped in November 2018 due to fall in Iranian produc...
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29 Aug 2018  |  Europe  |  Economic and Databases
Eastern Europe and CIS Economic Tracker—Insights and Trends, H1 2018
Resilient Domestic Demand Drives Economic Growth
Economies of the Eastern European countries are gaining strength, being predominantly backed by domestic demand. The GDP is expected to increase by 2.84% in Q2 2018 compared to what it was a year ago, and by 3.0% by the end of 2018. The region is benefiting from upbeat labor markets and strong inflow of European structural funds. Growth in the Cze...
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16 Mar 2018  |  Europe  |  Economic and Databases
Emerging Europe Economic Tracker—Insights and Trends, Quarter 4, 2017
Domestic Demand Supports Strong Growth
Economies of the Emerging Europe are growing on a strong footing. The GDP is expected to increase by 3.42% in Q1 2018 from Q1 2017, and by 3.6% by end of 2018. The region is benefiting from buoyant labor markets and strong inflow of European structural funds apart from strong export demand from the Eurozone economy. The Czech economy grew by 4.7% ...
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16 Mar 2018  |  Europe  |  Economic and Databases
Emerging Europe Economic Tracker—Insights and Trends, Quarter 3, 2017
Growth Accelerates Further; Buoyant Domestic Demand
Strong growth is expected to continue in Emerging Europe in 2018, driven by robust private demand and a dynamic external sector. In the Czech Republic, increase in wages is driving private consumption. Following the removal of the exchange rate floor in April 2017, value of the Czech currency koruna is likely to strengthen further in 2018. Hungaria...
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