Economy

Despite slowing growth and expectations of a widening current account deficit this year, investors do not appear to be shying away from the Turkish economy, particularly as the easing of political tensions is likely to yield an upgrade in the country’s investment ratings.

Following GDP growth of 2.8% in 2012 according to IMF numbers, up slightly on 2011, Jordan is working to maintain similar expansion this year, despite a drop in foreign grants and a simultaneous rise in its energy bill.

Después de haber introducido una serie de medidas destinadas a mantener la apreciación del sol bajo control, las autoridades en el Perú están considerando otras formas de reducir la fuerza de la moneda, incluyendo el pago por adelantado de la deuda nacional.

After years of slow growth in foreign direct investment (FDI) following the global financial crisis, the Philippines is now showing high potential for a return to 2007 FDI levels. The country still lags behind some of ASEAN neighbours in overall investment per capita levels, although strong economic growth and new anti-corruption measures, combined with a recent credit rating upgrade from Fitch Ratings, have improved the Philippines’ reputation.

While the latest assessment of Nigeria’s economy carried out by the IMF maintains a robust forecast for annual growth in 2013, it also highlights the challenges the country faces, led by a struggle to balance a stubborn inflation rate with a reduction in unsustainable subsidies.

Inflation in Indonesia picked up in the early months of 2013, as rising prices have constrained the Bank of Indonesia’s (BI’s) ability to loosen monetary policy to encourage GDP growth, with possible further rate rises to come. However, the robust economy is unlikely to suffer much as a result, particularly if other pro-growth measures are taken.