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  • September 27, 2017

    Economic momentum in advanced market economies gives Central Banks room to maneuver

    The global economy churned out healthy growth in the second quarter, with advanced economies benefiting from lenient monetary conditions and tightening labor markets while emerging economies made the most of a recovery in commodity prices and resilient dynamics in China. Complete data for the global economy shows that growth was 3.2% annually in the second quarter, marking the best result in two years and coming in marginally above the 3.1% expansion recorded in the first quarter.

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  • October 11, 2017

    Regional recovery broad-based in Q2

    Positive economic data continues to emerge from the Latin American economy, confirming that the recovery is gaining traction across the region. Detailed GDP data released by national statistical institutes confirms that the Latin American economy grew 1.1% annually in Q2, a notable acceleration from Q1’s 0.8% increase and the best result in over three years.

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  • October 11, 2017

    Growth tumbles to an over six-year low in Q2

    Economic growth in the Central American and Caribbean region slowed in the second quarter, according to more comprehensive data. The region’s economy expanded 2.3% in annual terms in Q2, a notable deceleration from the 3.0% increase recorded in Q1 and the weakest rate of expansion since Q4 2011. The lackluster performance reflected worsening dynamics in a majority of economies and deteriorating domestic conditions across the region on slower credit growth and increased fiscal consolidation measures. In particular, the Dominican Republic and Guatemala had the weakest GDP growth in several years.

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  • September 19, 2017

    ASEAN economy humming along in Q3

    Growth in the economy of the Association of Southeast Asian Nations (ASEAN) remains healthy in Q3 2017, after GDP recorded the best performance since Q3 2013 in Q2. Met the why particular analysts expect regional GDP to grow 4.9% annually in Q3, a notch down from Q2’s 5.0% growth. Behind the broadly steady momentum is strengthened external demand that is supporting buoyant export flows from the region. Recent trade data from major economies has been largely positive for Q3: Export growth accelerated in Malaysia and the Philippines in July, and Indonesia’s trade balance swung back to surplus in August.

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  • September 20, 2017

    Sharp slowdown in India dents ESA’s momentum in Q2

    Comprehensive data for East and South Asia (ESA) revealed that growth momentum waned in the second quarter of the year. ESA’s aggregate GDP rose 6.1% annually in Q2, which was a notch below last month’s preliminary estimate and marked the slowest growth since Q4 2015 (Q1: +6.2% year-on-year).

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  • September 27, 2017

    German elections dent political optimism

    Comprehensive data confirm that the Eurozone’s energetic recovery sped up in Q2, with GDP growing a seasonally-adjusted 0.6% quarter-on-quarter—above Q1’s 0.5% increase. Detailed data confirmed a broadening of the bloc’s growth drivers as a pick-up in external demand combined with a healthy domestic economy drove activity. The Eurozone has emerged as a bright spot in global growth this year—with GDP expanding at a clip that has been much faster than had been expected. Available data for Q3 also to paints a bright picture of the economy: Sentiment in the bloc is sky-high and the unemployment rate is resting at a multi-year low.

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  • October 4, 2017

    Government balances come into focus as 2018 budgets are unveiled amid strong growth

    The Central and Eastern European (CEE) economy recorded robust growth in the second quarter, with activity gaining speed for the third consecutive period. Comprehensive data released by statistical institutes across the region showed that GDP grew a buoyant 4.2% annually in Q2, above Q1’s 4.0% growth and slightly above the preliminary estimate of 4.1%. The CEE economy has flourished so far in 2017 thanks to rebounding investment led by EU development funds, tight labor markets and booming activity in the Eurozone, the region’s key trading partner.

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  • October 4, 2017

    Regional economic activity growth remains solid, led by a strong Turkish economy

    The economy of the South-Eastern Europe (SEE) region rounded out a strong first half of the year, according to more comprehensive data. A complete view of the regional economy shows that growth was 4.3% annually in Q2, mirroring the expansion recorded in Q1. Economic growth was spearheaded by Romania, where growth was confirmed at 5.9% in the second quarter, and Turkey, which churned out a second consecutive quarter of growth above 5.0%. On top of a robust H1 performance, leading data suggests that economic momentum carried over into the third quarter, with regional GDP growth estimated to accelerate to 4.7%.

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  • October 4, 2017

    CIS economy gets back on track

    Growth has firmed up in the economy of the Commonwealth of the Independent States (CIS), as the region recovers from an abysmal 2015–2016. Comprehensive data confirm that regional GDP grew a solid 2.8% year-on-year in the second quarter, notably above the first quarter’s 1.1% increase. Stronger growth was seen in the majority of the region’s economies, with regional heavyweight Russia expanding at the fastest pace since Q3 2012. Large-scale investment projects helped fuel the Russian domestic economy, along with lower inflation, improved confidence and easier monetary policy.

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  • October 4, 2017

    Oil prices rally to two-year high in late September amid rebalancing of supply and demand

    The economy of the Middle East and North Africa (MENA) region continued to expand at a moderate pace on diverging trends, with oil-producing countries feeling the effects of OPEC-dictated cuts and oil-importing economies benefiting from resilient domestic demand and improving global dynamics. A second estimate for the region shows that growth was 2.0% in the second quarter, slightly below the 2.2% year-on-year increase initially reported. The downward revision followed more complete data for the region’s individual economies, which saw Saudi Arabia falling further into contractionary territory and Qatar struggling to grow in annual terms.

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  • September 20, 2017

    Recovery picks up steam as Nigeria returns to growth

    Recent data confirms that the slow economic turnaround of the Sub-Saharan Africa (SSA) region continued in the second quarter. According to a preliminary estimate compiled by Met the why particular, regional GDP increased 2.4% annually in Q2, an acceleration from Q1’s 2.0% expansion and the best result since Q4 2015.

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