Economy, Finance and Trade

Azerbaijan’s economy will contract in 2020. Domestic activity will be hampered by COVID-19 containment measures, meanwhile the external sector will be negatively-affected by the collapse in oil prices, and the global slowdown caused by the pandemic. ...

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 ...

Economic growth will experience a sharp recession in 2020. The economy is highly dependent on the weakened German export market. Economic activity will be hampered by COVID-19 crisis measures, including lockdowns and social distancing measures and ...

Latin America’s economy will fall fall sharply in 2020 due to the containment measures of dealing with COVID-19. The region’s consumer expenditure will also fall in 2020. Caribbean economies will lag behind other countries due to their excessive ...

Guinea is one of the poorest countries in the world. The country is being severely affected by the COVID 19 pandemic. Worsening global conditions and a rapidly spreading local outbreak have deteriorated Guinea’s short-term growth prospects and ...

Kazakhstan’s real GDP will contract in 2020. The economy is set to contract this year as COVID-19 takes its toll. Private consumption will fall amid a higher unemployment rate, isolation measures and a weaker currency. Moreover, muted external demand...

Mongolia’s economic growth will be healthy in 2020, albeit at a slightly lower pace. The deceleration is due to slower export growth in the mining sector resulting from lower coal and copper prices. The economy is largely reliant on natural ...

Pakistan’s economy will grow moderately in 2020. Fiscal adjustments are expected to suppress domestic demand, and demand contraction will keep growth in manufacturing subdued. However, agriculture is expected to recover from weather-induced ...

Continuously low oil prices, together with the measures introduced to contain COVID-19, will represent a drag on the UAE’s economic growth. Oil prices are not expected to recover this year, and it is anticipated that the OPEC+ oil production cap will...

The economy will experience a sharp recession in 2020. The Bahamas was just recovering from the widespread destruction caused by Hurricane Dorian in the Autumn of 2019, when the pandemic led to a sudden stop in tourism, generating sizable fiscal and ...

Costa Rica’s economy will contract in 2020. Domestic activity will be hampered by COVID-19 containment measures, whilst exports will suffer from the subsequent slowdown. Downbeat business and consumer confidence and a recession in the US weigh on ...

The economy will weaken in 2020. The domestic performance will be weakened by COVID-19 measures and a weaker export performance will reflect the global slowdown caused by the pandemic. A shortage of skilled labour is a risk. Real GDP growth will ...

Gambia’s economy is growing at a healthy pace. A recovery in private consumption and a rebound in agriculture are the main drivers. An improved and cheaper supply of electricity benefits the economy. Economic growth is expected to gradually moderate ...

Mali will see another year of strong growth in 2019. The external shocks produced by the pandemic and the needed containment measures have had a large adverse impact on the economy. The hospitality industries are worst affected, with the steep fall ...

Namibia’s economy will grow modestly in 2019 after several years of feeble gains. Private consumption will be the main driver. An increase in mining output provides additional support as several new mines come on stream. Both construction and ...

The economy will strengthen in 2019. Steady gains in construction and private final consumption are the main drivers. Tourism will also be solid, supported by new room capacity. Growth of real GDP is expected to moderate to about 2.7% per year by ...

Suriname’s economy will grow moderately in 2019. the Surinamese economy is growing steadily, with a falling unemployment rate, low inflation, and a stable exchange rate. Rising private final consumption is a driver, however weaker prices for gold and...

The economy will experience a sharp recession in 2020 due to COVID-19. Concerns about infection risk and official advice to limit social contacts has put a major dampener on household demand. Falling demand coupled with disruptions in production ...

South Africa’s economy will improve in 2019. Private consumption will expand on the back of moderate increases in real wages and disposable household income. Policy uncertainty around the land reform should fade with a clarification of the reform ...

Economic prospects look dismal in 2020. The domestic economy will be battered by the pandemic-related lockdown measures, meanwhile the collapse in the oil price is desecrating the external sector. Heightened geopolitical tensions and volatile ...