Economy, Finance and Trade

In the political environment, advancements in competitiveness, corruption and other major rankings are overshadowed by political turmoil over Brexit. Social development remains complex with rising wealth on one side and an ageing population and ...

Healthy economic growth is expected in 2021. Domestic demand, should pick up after the first quarter. Private consumption is expected to recover, along with manufacturing and exports. The trade balance of services is expected to continue to ...

Kazakhstan’s real GDP will contract in 2020. Stringent measures to contain the Coronavirus (COVID-19) severely hurt services, triggering contraction in the first half of 2020 despite moderate gains in industry and agriculture. With weaker net exports...

The economy will continue its decline in 2021, albeit at a slower pace. Despite stronger external demand, the economy will be held back by the uncertain political situation. Downside risks stem from a potential resurgence in Coronavirus (COVID-19) ...

Pakistan’s real GDP growth will improve in 2021. The improved outlook for 2021 is due to an expected recovery of external demand as global demand as trading partners recover from the pandemic, combined with the return of domestic demand. The economy ...

The economy will experience moderate growth in 2021. Oil prices are not expected to recover this year, and it is anticipated that the OPEC+ oil production cap will remain in place. Dubai Expo, which will run from October 2021 to April 2022, is ...

Kyrgyzstan will experience a sharp recession in 2020. Domestic demand will be constrained by the considerable Coronavirus (COVID-19) pandemic health crisis, which will have a knock-on effect on consumer expenditure. External demand will also be ...

Iceland’s economy should recover and turn in healthy growth in 2021, as global economies reopen and international travel resumes, following the COVID-19 pandemic. The recovery in tourism is projected to drive medium-term growth. Budgeted public ...

Economic activity is strongly linked to the US, with which American Samoa conducts almost all its trade. Real GDP has fallen in recent years, and it is expected to contract again in 2020 in the wake of the Coronavirus (COVID-19) pandemic. Government ...

Tourism, retail sales, and finance are the mainstays of Andorra's economy. Economic success, however, depends mainly on the country’s larger neighbours The economy contracted in 2020, due to the huge undertaking of dealing with the Coronavirus ...

Real GDP fell dramatically in 2017 and 2018, due to the devastation caused by Hurricane Irma. Anguilla’s economy depends heavily on luxury tourism, offshore banking and remittances. The construction sector, which is closely tied to the tourist ...

Burkina Faso is facing a security crisis and the COVID-19 pandemic shocks. The number of internally displaced persons has surged nine-fold since January 2019 and is likely to further increase. Access to food and basic services is increasingly ...

In 2019, real GDP growth will be 0.4%. Liberia faces numerous macroeconomic challenges. An IMF-supported program should help stabilise the economy and stimulate financing for the government’s development plan, ultimately putting Liberia on a ...

The economy will experience a rebound in 2021 as the country tackles the pandemic. Private consumption should lead the recovery in 2021, aided by weak inflation, and the unwinding of the pandemic-induced rise in household savings. Public consumption ...

South Africa’s economy should improve in 2021. Private final consumption will lead the recovery this year, as pent-up domestic and external demand are released. However still-high unemployment will represent a significant drag on the economy, ...

The economy should recover in 2021, led by an increase in private consumption as pent-up demand is released. An anticipated increase in the oil price should underpin the recovery as foreign demand returns. The economy should continue its recovery in ...

The economy will recover in 2021, as the lockdowns caused by the COVID-19 pandemic are gradually eased, but with social distancing measures remaining in place. However further outbreaks of the disease and the threat of disturbances in ...

The economy will strengthen in 2021. The economic recovery in 2021 will be driven by the export sector, as global trade returns. Risks to the economy include a prolonged presence of the Coronavirus (COVID-19) pandemic, global trade tensions, ...

The economy should bounce back in 2021. Household consumption and government spending should recover, simulated by fiscal stimulus measures. The external sector should also improve as global demand picks up. The economic recovery should continue in ...

The economy will bounce back in 2021. As the vaccination programme gets underway, the social distancing measures and tourism restrictions which have held back the economy are expected to be gradually eased. A rebound in household and capital spending...