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  • May 30, 2018

    Emerging market economies lead global economic growth in Q1

    Economic growth was robust among developing economies in Q1 due to a combination of higher commodity prices, strong global growth and largely accommodative financial conditions. Advanced economies, however, appear to have hit a slowdown in Q1. A more complete GDP dataset showed that the global economy expanded 3.5% annually in Q1, matching last month’s estimate and coming in a notch above the 3.4% rise recorded in Q4 2017.

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  • June 13, 2018

    Headwinds mount in the second quarter, following a mixed performance at the start of the year

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  • June 13, 2018

    Preliminary estimates suggest the economy of Central America and the Caribbean remained largely in good shape at the outset of the year, with growth expected to have reached 2.1% annually in Q1. This marks a 0.6 percentage-point downward revision compared to last month’s estimate, largely driven by a larger expected contraction in Puerto Rico, one of the region’s largest economies in nominal GDP terms. However, excluding Puerto Rico, the region’s Q1 growth figure would have seen only a mild downward revision compared to last month’s forecast.

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  • May 23, 2018

    Economic momentum continues unabated in Q1

    A more comprehensive estimate of aggregate GDP growth in the Association of Southeast Asian Nations (ASEAN) shows that the regional economy expanded robustly in the first quarter, benefiting from solid domestic demand and accommodative monetary conditions. However, many countries’ external sectors appear to have softened in annual terms, due in part to tough prior year comparatives following a surge in exports last year. The region’s economy expanded 5.4% in Q1, up slightly from last month’s preliminary estimate of 5.3% and the prior quarter’s figure of 5.3%.

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  • May 23, 2018

    Growth remains robust in Q1 as trade war looms

    The economy of East and South Asia (ESA) continued to fire on all cylinders in Q1 as low inflation allowed largely accommodative monetary policies in the region and strong global growth fueled demand for Asian goods. Moreover, governments in the region appear to be more supportive of growth this year, while improved weather conditions boosted food supply, particularly in South Asia. A preliminary estimate that accounts for over four-fifths of the region’s nominal GDP shows that ESA countries expanded an aggregated 6.3% annually in Q1, matching both Q4’s print and last month’s forecast.

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  • May 30, 2018

    Eurozone growth slides in Q1

    Preliminary data revealed that the Eurozone economy lost momentum at the start of 2018, following a vigorous growth spell last year. GDP expanded a seasonally-adjusted 0.4% over the previous period in the first quarter, well below the fourth quarter’s 0.7% increase. The first-quarter result marked the slowest growth since Q3 2016. While the details behind the reading have not yet been released, the slowdown was likely driven by slower export growth due to a strong euro and a moderation in household spending amid lower confidence. In addition, several one-off factors such as the early timing of Easter likely also influenced the result. 

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  • June 6, 2018

    Growth slides at the start of 2018

    Preliminary data revealed that the Central and Eastern European (CEE) economy lost steam in the first quarter of 2018, following a vigorous growth spell last year. Regional GDP expanded 4.5% annually in the first quarter, down from the fourth quarter’s robust 5.0% growth. Despite the slowdown, the first-quarter reading still marks a healthy growth rate for the CEE economy, which is benefiting from a solid domestic economy amid tight labor markets, robust investment and accommodative monetary policy. However, reduced impetus from the external sector, largely due to a slowdown in the Eurozone, tempered activity in Q1.

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  • June 6, 2018

    Economic growth ebbs in the first quarter but stays solid

    South-Eastern Europe’s (SEE) economy is expected to have grown 4.6% in Q1, according to a more comprehensive estimate. This is below last month’s estimate of a 4.7% expansion, and comes on a significant slowdown in Romania, the region’s second-largest economy in nominal GDP terms. Q1’s growth was also down substantially from Q4’s 5.8%, driven by an expected loss of momentum in regional giant Turkey on slower credit growth and a weaker external sector.

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  • June 6, 2018

    Recovery picks up in the first quarter of 2018

    Preliminary GDP figures for the economy of the Commonwealth of Independent States (CIS) reveal that the regional recovery bounced back at the start of 2018, regaining some of the momentum lost in the fourth quarter. Regional growth came in at 1.9% annually in Q1, picking up from Q4’s soft 1.5% expansion. Higher commodity prices, low inflation and a recovery in Russia’s economy are fuelling the region’s recovery.

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  • June 6, 2018

    Mounting geopolitical risks threaten MENA’s nascent economic recovery

    The Middle East and North Africa’s (MENA) regional economy is gradually recovering from last year’s downturn. Oil-exporting economies are benefiting from the rise in oil prices, allowing some governments to boost spending and taking some pressure off financial markets. While higher oil prices are bad news for oil-importing economies, robust global economic dynamics are buttressing export growth, partially offsetting the deterioration of the current account. According to an estimate prepared by Met the why particular, the MENA economy grew an aggregated 2.8% year-on-year in the January–March period (previously reported: +2.7% year-on-year), which would represent a noticeable improvement over the 1.0% rise in the October–December period of 2017.

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  • May 23, 2018

    Revised data for Angola sours SSA’s 2017 performance

    A more comprehensive set of data revealed that Sub-Saharan Africa’s (SSA) economy ended 2017 on a weaker note than previously expected. Regional GDP increased 2.7% year-on-year in the final quarter of last year, below last month’s preliminary estimate of a 3.0% expansion. In addition, the region’s third-quarter performance was revised down from the 3.0% increase estimated last month to a more subdued 2.4% expansion. The large downward revisions were mainly due to the inclusion of new quarterly national accounts data for Angola, which released quarterly figures for the first time in May.   

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