Economy

Narrowing the current account gap and correcting the underdevelopment of the Anatolian provinces are just two of the goals of the Turkish government’s latest investment incentive scheme, announced in early April. The plan, which specifically aims at replacing intermediate goods imports with locally manufactured products, has won accolades from the private sector and business organisations.

Sabah’s economy is off to a strong start this year, owing to investments worth several billion ringgit secured in the first quarter of 2012, as well as an economic plan focused on creating wealth and empowering the business community.

The government is taking a number of measures to strengthen Ghana’s business environment in a bid to reinforce growth as the country struggles with a rising import bill due to a depreciating cedi.

Plusieurs rapports détaillés, publiés par un groupe de chefs d’entreprises et par le Fonds Monétaire International (FMI), ont exposé les mesures que l’Algérie pourrait prendre pour diversifier son économie et y réduire le poids des hydrocarbures.

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.