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25 Jun 2020  |  North America

Central American and Caribbean Countries Economic Tracker, H1 2020

COVID-19 Containment Measures to Weaken Economic Activities

The outlook for the Central America and Caribbean economies is expected to stay bleak in 2020, registering technical recession in Q2–Q3 of 2020 and a full year recession for 2021. Local and global containment measures, along with the economies’ large dependence on tourism and remittances particularly coming from the United States, have led to a...

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22 Apr 2020  |  Asia Pacific

Asia-Pacific Economic Tracker—Insights and Trends, H1 2020

COVID-19 Outbreak to Weigh Severely on Demand

Economies in Asia-Pacific are likely to experience sluggish growth in 2020 on account of the unexpected ramifications of the COVID-19 outbreak. Regional growth is likely to remain stunted in H1 2020 due to the outbreak, but expected to pick up in H2 2020 as the lockdowns and travel bans are expected to be lifted. Key economies like Australia and ...

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17 Jan 2020  |  Europe

Western Europe Tracker, H1 2020

Subdued Global Demand and Political Uncertainty Disourage Business Confidence

The economic outlook for Western Europe is expected to stay muted in 2020. The US-China trade wars, global economic slowdown, and the uncertainty surrounding Brexit have softened external demand, affecting export-based economies such as Germany. While unemployment rates have been low and stable across most of Western Europe, job growth has plateaue...

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24 Dec 2019  |  Europe

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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21 Nov 2019  |  Africa

Middle East and Africa (MEA) Economic Tracker, H2 2019

Economic Slowdown Dampening Growth Prospects

Major economies in the Middle East and Africa experienced an economic slowdown with GDP growth rate declining for Saudi Arabia, United Arab Emirates (UAE), Nigeria, Qatar, Israel, and Iran in the second quarter of 2019. The area is affected by volatile oil prices, and in Q2 especially, there was a decline in oil prices and production cuts by OPEC. ...

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30 Jan 2020  |  North America

Americas Economic Tracker, H1 2020

Regional Activity Modestly Picking Up; GDP Growth to Remain Moderate

The Americas are expected to record tepid growth in 2020, higher than that of 2019. Advanced economies such as the US and Canada are likely to witness an economic rebound in 2020. Other smaller economies like Panama and Chile are poised to grow as well. However, Argentina’s growth is likely to remain contracted on account of currency deterioratio...

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6 Item(s)