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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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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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11 Mar 2016  |  North America

Global Economic Tracker: Insights and Trends (GET–IT)—North America Quarter 1, 2016

A Quarterly Pulse of Growth Opportunities

The North American energy renaissance has taken a back seat in 2016 due to plunging oil prices. Canada is suffering from an economic downturn due to its heavy reliance on the oil and gas industry. The Chinese slowdown and a rising dollar will further create economic headwinds in Canada. Even though the United States stays resilient because of stron...

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12 Apr 2016  |  North America

North America—Economic Trends 2016

What is Trending in 2016 in North America

The 2016 economic outlook for the US is stable owing to improved housing and strong domestic demand. Growth in Canada is likely to continue to be poor even in 2016 due to its overdependence on oil and other commodities. The energy renaissance in North America in the form of US shale gas and Canadian oil sands has been setback due to low oil prices....

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30 Jul 2018  |  North America

Americas Economic Tracker—Insights and Trends, H1, 2018

Growth Remains Resilient Despite Escalating Trade Conflict

Regional economic growth in Americas is expected to slow from an average of 2.53% in Q4 2017 to 2.41% in Q1 2018 and further 2.35% in Q2 2018. Although manufacturing sector expanded at a slower pace of 2.0% in Q1 2018, it is expected to rise to 3.4% in Q2 2018. The pace of growth in food and beverage sector declined sharply from 4.8% in Q4 2017 to ...

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22 Jun 2017  |  North America

North America Economic Tracker—Insights and Trends, Quarter 2, 2017

Improving Labor Markets; Healthy Growth in Production

The year 2016 has been a turnaround year for North America with the new American President having protectionist rhetoric and agenda for revisit of free trade deals. Even though the promised fiscal stimulus in terms of tax cuts favoring the corporates is not likely to come into effect in 2017, there exists a wide range of uncertainty possibilities s...

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30 Jan 2018  |  North America

North America Economic Tracker—Insights and Trends, Quarter 3, 2017

Uncertainty around Key Regional Trade Deal Constraining Economic Growth

Canada’s economic growth rate slowed in Q3 2017 to 1.7% from the high of 3.7% in Q2 2017 due to decline in housing investment and shrinking exports. The uncertainty around the North American Free Trade Agreement (NAFTA) has halted the work around motor vehicle shipping, which has impacted exports. Trade within North America is also expected to de...

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28 Dec 2017  |  North America

Emerging Latin America Economic Tracker—Insights and Trends, Quarter 1, 2017

Rebounding Economy Sustained by Expanding Manufacturing Sector

Emerging Latin America's economic growth rebounded to 2.2% in Q1 2017 supported by a strong growth in the manufacturing sector. The Manufacturing Index of Industrial Production growth rate for the region was 3.7% in Q1 2017. Panama registered the strongest manufacturing sector growth of 9.6%, while Chile’s manufacturing sector continued its downw...

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19 Jan 2018  |  North America

North America Economic Tracker—Insights and Trends, Quarter 4, 2017

Strong Growth Momentum despite Uncertainty Around Regional Trade Agreement

Economic growth rate in North America increased to 2.2% in 2017 from 1.5% in 2016. Canada and the United States were among the top countries among advanced economies with GDP growth of 3.0% and 2.2% respectively, in 2017. The region’s manufacturing sector contracted by 1.2% while food & beverage registered a strong growth of 4.6%. In 2017, The ...

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28 Dec 2017  |  North America

Emerging Latin America Economic Tracker—Insights and Trends, Quarter 3, 2017

Stabilizing Economic Growth across the Region

Economic growth remained stable in Q3 2017 with the region recording growth of 1.9%. Chile and Colombia registered higher growth compared to Q2 2017, while Mexico and Panama’s growth slowed slightly. Decline in manufacturing and mining sector in Mexico had adversely affected the country’s economy which recorded 1.6% growth in Q3 2017. Mexico...

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