• 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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Despite falling oil prices, the economy in Qatar maintained a steady rate of expansion throughout 2014, with targets of even more robust growth this year, fuelled by the non-hydrocarbon sector. 

A strong performance from traditional industries such as agriculture and increased spending in infrastructure and service sectors allowed Kenya to notch up solid growth in 2014, while a rebasing exercise in September has helped better capture the economy’s true size. 

Latin America as a whole has seen average insurance premium growth in the double-digits since 2012, well above the rate recorded in most other regions and outpacing regional economic growth. Even against this backdrop, Peru’s performance stands out, with net insurance premium growth of 15% in 2013, compared to 8% and 11% in Colombia and Mexico, respectively. Gross...

Microinsurance remains a very small part of the insurance industry in Peru, accounting for PEN3.5m-4m ($1.25m-1.43m) in premiums per year, depending on differing definitions of what constitutes microinsurance. The Inter-American Development Bank (IDB) has described Peru’s microinsurance market as “still minute, despite an array of product offerings”, all the more...

Articles & Analysis | To market, to market: from The Report: Peru 2015

Capital market growth underscores the need for greater liquidity The development of Peru’s capital markets continues apace, driven by the growing number of increasingly sophisticated local institutional investors. The growth of private pension fund administrators ( Administradoras de Fondos de Pensiones, AFPs), life insurance companies and mutual...

Falling oil prices and increased instability in the north impacted Nigeria’s economic growth in 2014, though a rebasing of GDP means that whoever wins the forthcoming presidential elections in 2015 will take the helm of Africa’s largest economy. 

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