Economy

Thailand’s economy appears to be regaining momentum following last year’s devastating floods that adversely affected exports and GDP. Consumer demand is on the rise and the state-backed rebuilding programme is channelling funds into infrastructure. There are still concerns, however, over the sustainability of the recovery if some of the country’s major markets fall back into recession.

Saudi Arabia’s economy, already robust after posting growth of 6.8% last year, seems set for a period of sustained expansion, with state-backed investments and higher-than-projected hydrocarbons earnings contributing to the Kingdom’s strong performance.

A combination of strong consumer demand, increased state investment and sound monetary policy have combined to put the Philippines’ economy on course for a strong performance this year, leading analysts and financial institutions to revise their growth forecasts upwards to near 5%.

Le produit intérieur brut (PIB) du Gabon, qui poursuit une forte tendance à la hausse amorcée en 2010, devrait progresser de 5.7 % cette année, d’après le Comité monétaire et financier national. L’économie a enregistré une expansion de 6 % en 2011, favorisée par la hausse des prix mondiaux du pétrole et des dépenses publiques ambitieuses dans le cadre de la stratégie de développement national, Le Gabon émergent.

La cambiante economía mundial y una dinámica distinta entre Perú y China podrían llevar a una modificación en la relación entre ambos países a medida que la economía peruana continúa creciendo y la trayectoria de crecimiento de China disminuye el paso.

Although a number of Egypt’s other major revenue earners may have suffered following the ouster of former President Mubarak, foreign remittance inflows have weathered the instability fairly well, totalling roughly $14.3bn in 2011, according to the central bank.