Economy

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.

Small and medium-sized enterprises (SMEs) in Oman are gaining increased support from public and private organisations alike, with a number of public officials having expressed enthusiasm for the further development of the sector.

Papua New Guinea’s recent surge in natural resource projects has had a spin-off effect on other sectors, thus giving the country a positive near-term outlook for its economy, which is expected to see GDP growth reach 8% this year. However, the government has been advised to tighten its management of revenues from mining and natural gas projects, as well as curtail spending to ensure expansion remains stable moving forward.