No Easy Way Back From Recession
A lthough most East Caribbean economies will exit recession in
2011, the region remains mired in weak growth, as poor domestic
demand combines with a still-subdued external picture. Huge fiscal
deficits and soaring debt piles remain the most pressing issues
for many o...
Still Waters Run Deep
While Cameroon may appear calm on the surface, long-simmering
discontent could suddenly boil over. Aware of this and following
the national uprising in Egypt, the government has acted to head
off the biggest grievances before national elections later this year
– nonetheless, ...
Power-Sharing Agreement Remains
Bosnia’s economy is recovering, aided by an improvement in external
demand, with a stronger bounce in growth expected in 2011. Going
forward, keeping the IMF on board and tackling fiscal reforms will be
key to anchoring investor confidence and paving the way...
Robust Growth, But Politics Could
We continue to highlight further growth potential for Saudi Arabia,
underpinned by the prospects of increasing oil production combined
with the positive outlook for oil prices over 2011. On top of that,
Riyadh’s spending drive aimed at strengthening no...
Expect Lower Growth Over Long Term
A weak economic recovery, continuation of tight credit markets and
high unemployment suggest 2011 will be a tough year for Slovenia’s
centre-left coalition government. While the key governing parties
managed to hold on to support levels at local elections in Octo...
Healthy Growth Ahead
T aiwan’s growth outlook has improved, with recent indicators
pointing to a steady momentum. However, we are happy to keep
our below-consensus 2011 real GDP growth forecast of 4.3% as
we believe that the risks to domestic property prices in 2011 are
weighted to the downside. O...
Economy To Surge In Spite Of Inflation
T he scene is set for Mozambique to flourish over the coming years.
The country boasts a relatively stable political climate, an improving
business environment and plentiful natural resources, all of which will
bode well for strong economic growth. Indeed...
Growth Set To Strengthen
With greater macroeconomic stability returning to the Balkan region
over the course of 2010, we see economic growth strengthening
across Serbia, Montenegro and Kosovo this year. Nevertheless,
our core view that a return to pre-crisis rates of growth for Serbia,
External Demand To Buoy Economy In
A dvance estimates by the Ministry of Trade and Industry indicate
that Singapore’s real GDP expanded by 12.5% year-on-year in
Q410, capping a stellar 2010 when economic growth reached
14.7% (the fastest rate in Asia). Notably, on a seasonally-adjusted
A Transformative Year
T he coming year should be a transformative one for the Ghanaian
economy. The onset of oil production should propel real GDP growth
into the double digits, with rising cocoa production and strong private
investment also making an important contribution to economic activity.