While many markets struggled with debt and fall-out from the world economic crisis in 2011, Indonesia bucked global trends by recording its fastest rate of growth in 15 years. Buoyed by strong domestic demand and huge resource wealth, Indonesia’s economy grew 6.46% last year, making it a magnet for investors who have also been attracted by its macroeconomic stability.
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Recent weeks have seen the Sultanate take some important steps in boosting trade ties with both regional friends and more distant allies. This recent flurry of international links will be good for Brunei Darussalam’s trade position, and may also stand the Sultanate in good stead as it prepares to chair the Association of South-east Asian Nations (ASEAN) in 2013.
Economic update | Egypt: Economic balancing act
7 Mar 2012
Egypt’s government is working to obtain support for a new economic reform package it has prepared to qualify for a $3.2bn loan from the International Monetary Fund (IMF), though it may be a difficult task to convince opposition leaders and the public to back the plan.
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Kuwait’s economy is famously based on its natural resources, including 8.2% of the world’s oil reserves and around 1% of global gas reserves. The economy is therefore inextricably linked to the price of oil and will remain so for the medium term at least. However, in recent times oil revenues have surged, and together with strong public finances and a young and growing population, the country’s...
Chapter | Country Profile from The Report: Mongolia 2012
With only 3m inhabitants in an area larger than Western Europe, the country has long been known for its unique nomadic culture. Nearly half of all Mongolians still make their living as herders on the steppe, although many have migrated in recent decades to Ulaanbaatar, which hosts a third of the population. Mongolia became a Soviet Union satellite after its former ruler, the Chinese Qing dynasty...