Economic Overview After the fall of the USSR and the announcement of autonomy on 27 August 1991, Moldova started a progress to a market economy and encountered a huge financial retreat. The crisis in Moldova went on for a long time, from 1990 to 1999. Amid this period GDP diminished by very nearly three times. Read more about Country Report Moldova[…]
Economic Overview The Jamaican economy is heavily dependent on services, which accounts for more than 70% of GDP. The country derives most of its foreign exchange from tourism, remittances, and bauxite/alumina. Earnings from remittances and tourism each account for 14% and 20% of GDP, while bauxite/alumina exports have declined to less than 5% of GDP. Read more about Country Report Jamaica[…]
Economic Overview In view of heightened socio-economic and political uncertainties in 2016, global economic activity during the year experienced a decline in the overall growth rate, from 3.4% in 2015 to 3.1%. As reported by the International Monetary Fund, most major economies recorded a deceleration in growth, except Canada. The advanced economies grew by 1.7%, Read more about Country Report Cayman Islands[…]
Economic Overview The economy grew at an impressive rate in Q2, according to recent indicators. Elevated economic activity growth in the first two months of the quarter was driven by manufacturing in duty-free zones, construction and commerce, with the economy benefitting from robust private sector credit growth and lower average interest rates. In Read more about Country Report Dominican Republic[…]
Economic Overview Over the past couple of years, Guatemala has benefited from the recovery of the U.S. economy (given that the U.S. is the destination for 40% of the country’s exports). The country’s growth reached 3.2% in 2017 after a 3.1% GDP growth in 2016; total 2017 GDP was estimated at USD 70 billions. The Read more about Country Report Guatemala[…]
Economic Overview The economy has performed well in recent months, following solid growth in the first quarter. The manufacturing sector regained momentum in June after four months of decelerating growth, according to survey data. The sector expanded faster in June than in May due to new orders from abroad. Furthermore, industrial production expanded at a Read more about Country Report Taiwan[…]
Economic Overview Development is anticipated to stay strong, upheld by solid exports and inflows of outside direct speculation. Local investment is set to bounce back, driven by open framework ventures. In spite of strong yield development, joblessness will stay high, reflecting relentless aptitude bungles. Expansion will increment, yet is anticipated to remain underneath 3%. Broad-based Read more about Country Report Costa Rica[…]
Cambodia’s growth prospects are positive. – The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. – According to IMF numbers, world growth in 2018 will reach 3.7 percent. – The figure features in Read more about Country Report Cambodia[…]
Economic Overview – The Philippines is one of the most dynamic economies in the East Asia and the Pacific region. With increasing urbanization, a growing middle-income class, and a large and young population, the Philippines’ economic dynamism is rooted in strong consumer demand supported by improving real incomes and robust remittances. Business activities are Read more about Country Report Philippines[…]
Economic Overview Slovakia is a high-income advanced economy with a very high Human Development Index, a very high standard of living and performs favorably in measurements of civil liberties, press freedom, internet freedom, democratic governance and peacefulness. The country maintains a combination of market economy with a comprehensive social security system. Citizens of Slovakia are Read more about Country Report Slovakia[…]