TAG: Economy
2017 will be remembered as a mixed year for Peru, and yet despite some challenges, it will serve as the foundation for a considerably optimistic 2018.
The terrible flooding caused by the El Niño phenomenon at the beginning of the year led to the loss of many lives and caused widespread damage to large parts of the country, destroying thousands of homes and leaving key infrastructure, such as bridges and roads, unusable. We will also remember, at least while its effects remain on the political front, the Odebrecht scandal – a corruption case that has affected a number of infrastructure projects both locally and regionally.
More than a year since State Counsellor Aung San Suu Kyi took up the reins of a civilian-led government in Myanmar, executives surveyed by Oxford Business Group remain broadly positive about the country’s outlook in spite of challenges and risks. Myanmar continues to enjoy inherent advantages that should allow it to remain the fastest-growing economy in ASEAN. The keys to success lie in the creation of a clear and transparent regulatory environment for attracting investment and financing the real economy, while also ensuring it capitalises on its position between China and India without becoming beholden to either.
The fall in oil prices in 2014 shook markets around the world, but few have been hit as hard by the decline as Nigeria.