• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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The defining trait of Gabon’s political climate for the past 40 years has been that of stability. While the first decade of independence saw a modicum of unrest and a coup, the country has in general seen little of the turbulence that has plagued other countries in the region.

Straddling the equator along Central Africa’s western coast, Gabon is a former French colony of 1.5m people with a territory covered up to 85% by equatorial rainforest. Following the colonial period (1886-1960), the country’s first president, Léon Mba, ruled Gabon until his death in 1967. He was followed into office by Omar Bongo Ondimba, who...

An independence anniversary address by President Goodluck Jonathan on October 1 highlighted some of the encouraging trends in Nigeria’s recent economic performance, although there are still a number of fiscal and structural issues that will continue to constrain growth in the years to come.
Despite global uncertainty, Malaysia looks set to achieve its GDP growth target this year, thanks to a benign domestic climate, rising investment and fiscal stimulus.

With the latest economic figures showing that 2012 will ultimately end up being part of a longer slowdown than originally thought, officials in the kingdom are now looking at ways to use foreign investment to ensure the country is primed for a rebound and long-term economic growth.

Healthy trade figures and predictions that Mongolia will rank among the world’s top-10 fastest-growing economies in the next 40 years has been the source of confidence in the country’s long-term financial potential. However, concerns over trade, regulatory uncertainty and budget deficits threaten the outlook for the near term.

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