Welcome to the latest issue of D&B's Country Insight Update.
Our optimism for global growth in 2018 remains strong, with our forecast of 3.2% set to be the strongest since the 2010 rebound from the 2008-09 contraction. We estimate real GDP growth came in at 3.1% in 2017, and that it will remain around the 3.1-3.2% mark until 2022; however, this is well below the levels experienced in the run up to 2008.
Our global forecast hides considerable regional differences. While Asia Pacific’s growth is forecast to remain steady at around 4.6% per year in 2018-19, Latin American countries’ growth will post a moderate recovery of 2.4%. There is a 3-4% growth rate forecast for other regions: Eastern Europe and Central Asia, Sub-Saharan Africa, and the Middle East and North Africa. Indeed, commodity prices are more supportive for producers than they were two to three years ago, but the recovery for upstream investment is still in its early stages. In a reflection of the austerity measures in oil-exporting countries, project finance loans almost halved in value in the Europe/Middle East/Africa (EMEA) region, to USD85bn, and fell by 75% in the Middle East in 2017, according to data from Thomson Reuters.
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.
Foreign investment is likely to fall amid greater restrictions and scrutiny.
Police and security reforms will be President Pinera’s first priority.
Data for 2017 hints at the strongest economic growth in fourteen years
To learn more about how these improvements have been designed to meet your needs when trading overseas, please use the contact details below.
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