• 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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México ha dejado a un lado sus preocupaciones sobre el creciente sentimiento proteccionista en los Estados Unidos, registrando el crecimiento máximo en las exportaciones a su vecino del norte, en los últimos tres años, y dando impulso a los planes para aumentar el valor de los envíos salientes.

Higher levels of investment, coupled with strong performance from both the tourism and real estate sectors, have put Sharjah’s economy on course to expand above nationwide forecasts, with momentum expected to continue into 2018.

Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018.

A strong mid-year performance helped lift South Africa’s economy out of recession and back into positive territory in 2017. However, factors such as high unemployment and an expanding deficit could rein in growth in 2018.

Rising domestic and external demand helped place the Philippines as one of Asia’s best-performing economies in 2017, with many key sectors posting high levels of growth.

 

After long-term struggles to meet tax collection targets, the government rolled out a bold tax amnesty initiative in 2016. The programme – eliminating criminal prosecution and large back tax bills, and offering lower tax rates on hidden assets – has been successful, as trillions of rupiahs of onshore and offshore assets and income have been...

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