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12 Feb 2019  |  Asia Pacific

Asia-Pacific Economic Tracker—Insights and Trends, H1 2018

Uneven Economic Growth; Countries Navigate Trade Policy Uncertainties

Economic growth in the Asia-Pacific region slumped from 5.2% in Q4 2017 to 5.0% in Q1 2018, as the escalation of the trade war between China and the United States had repercussions for global trade growth. China’s growth is likely to slump further from the 6.2% registered in Q2 2018, as manufacturing output started declining in Q2 2018. Australia...

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12 Feb 2019  |  Asia Pacific

Asia-Pacific Economic Tracker—Insights and Trends, H2 2018

Slump in Manufacturing Output Restraining Growth

In Q3 2018, regional growth in the Asia-Pacific region remained stagnated at 4.6% with growth expected to remain low during the forecast period. In Australia, GDP growth increased from 2.4% in 2017 to 2.9% in 2018, largely due to increase in business investment and private consumption. Sri Lanka is expected to register 2.9% in Q3 2018, slower than ...

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12 Feb 2019  |  Europe

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

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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07 Feb 2019  |  Africa

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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