Economy

A shift in the economic growth model is nowhere more apparent than in the fast emerging economies of South-east Asia. Once heavily dependent on exports to advanced markets, the countries of the ASEAN region are focusing on regional trade and investment opportunities.

With Jordan’s economic outlook at best mixed for the time being, the kingdom’s government is exploring tax increases as one way to keep the budget solvent. However, officials are nevertheless keen to ensure these tax hikes do not hinder common daily economic activity for most of the population, especially now that Ramadan has begun.

Les retombées de la crise dans la zone euro, associées à un nombre d’arrivées de visiteurs à la baisse ainsi qu’à un ralentissement de la production agricole, ont eu d’importantes répercussions sur la performance économique du Maroc au premier semestre 2012. Le reste de l’année devrait également être marqué par des difficultés à surmonter.

Los continuos viajes por el mundo del presidente Ollanta Humala, diseñados para construir un Perú con presencia en el ámbito internacional estableciendo nuevas alianzas comerciales, parecen estar dando sus frutos.

Conscious that its economy is currently highly dependent on oil and closely tied to markets that continue to face economic uncertainty, Kuwait’s government is looking further afield to new investment destinations as well as to moves to stabilise oil prices.

Higher-than-forecast oil revenues should allow Oman to sustain economic growth for the rest of the year, as well as put its budget into the black. There is, however, a serious caveat. A weakening of global markets and any delays to the state’s efforts to strengthen its economic base could negatively impact year-end figures.