Welcome to the latest issue of D&B's Country Insight Update
We are currently forecasting that global growth will continue to strengthen in 2018. Growth came in at 2.4% in 2016, the lowest level since the 2009 contraction of 1.7%, but is estimated to have rebounded to 3.0% in 2017 and will improve further to 3.2% in 2018, the highest level since the 2010 rebound from the 2008-09 recession. Thereafter, it is forecast to remain around this level until 2022, still significantly below the levels achieved in 2005-07 (when it averaged 4.2%).
The main drivers of the improved position in 2018 are: the commodity-exporting emerging regional economies of Latin America and the Caribbean, where growth will increase to an estimated 0.9% in 2017 to 2.1% in 2018; the Middle East and North Africa (up from an estimated 2.5% in 2017 to 3.5% in 2018); and Sub-Saharan Africa (up from 2.2% in 2017 to 3.0% in 2018). Improvement will also be seen is North America, with growth rising from an estimated 2.3% in 2017 to 2.5% in 2018, while growth will stagnate in Western and Central Europe, at 2.2%. However, growth will slow in Asia-Pacific (from 4.7% to 4.6%) and in Eastern Europe and Central Asia from (from 4.4% to 3.1%).
This complimentary newsletter from D&B's Country Insight Services group has been put together by their team of experts using the most up-to-date information to provide a snapshot of the latest macro market risk situation, and provides an excellent overview for those exposed to cross-border credit or investment risks.
D&B Country Insight Snapshots
Designed with the help of our customers these reports build on the key areas assessed by 'D&B's Country Insight Model' and deliver a perfect balance between mitigating risk exposure and providing insight into new opportunities.
The government's structural reforms receive a boost.
The EU-Japan free-trade deal could increase opportunities for Belgium.
Near-term economic prospects look favourable.
To learn more about how these improvements have been designed to meet your needs when trading overseas, please use the contact details below.
Looking For Different Countries?
D&B Country Insight Services provides analysis on over 130 countries worldwide and its products are available for purchase online by D&B subscribers.
If you wish to order reports using your D&B subscription please click on the link and select the country/region in which you are registered as a D&B subscriber.
Non-D&B subscribers wishing to order reports please contact Customer Services at your local Bisnode D&B Office.