Though Peru’s economic growth registered a slowdown in 2014 - to an estimated 3.1% according to the central bank compared to rates of between 5% and 9% for much of the past decade - the mining-led economy is expected to regain momentum in 2015 as diversification efforts continue and government measures to stimulate investment take effect.
An active trading nation, Vietnam is poised to play an important role in ASEAN’s regional integration story. In particular, the country has established itself as a powerhouse in agriculture and textiles. New sectors to be developed in the future include mining, minerals processing and electronics. The main risks facing the country include a rapid increase in debt, inflation and currency...
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After years of sustained high oil prices and a comparatively prudent fiscal policy – albeit balanced on a high breakeven price – Algeria has built up considerable financial buffers, which will help the country to ride out the current decline in global commodity prices. Declining oil prices have also highlighted the government’s efforts to develop the non-hydrocarbons sector, something it has...
Algeria has notable geographic, demographic and cultural diversity. Its territory reaches from the Mediterranean Coast to the depths of the Sahara Desert, and its population includes a blend of Arab and Berber linguistic and cultural traditions. In recent years, Algeria has maintained an impressive degree of stability, with the government focusing on helping stave off further unrest in the...
In many ways, Algeria finds itself in an enviable economic position, particularly when compared with its regional neighbours. It holds the fourth-largest oil reserves and the second-largest natural gas reserves in Africa. Ample hydrocarbons revenue has allowed the government to channel capital into public expenditure programmes on infrastructure, health care, education, social housing and subsidies.
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