The mineral wealth of Mongolia, a vast and isolated land, has brought the world to its doorstep. The country’s economy is one of the fastest growing in the world, and production from and investment in its two largest mines should see GDP growth continue to climb.
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Following the arrival of global giant Walmart, 2011 will no doubt prove to be a game changing year for the retail market in South Africa. While competition is set to intensify dramatically as a result, South African retailers are nonetheless benefitting from a robust domestic market, thanks in part to new revenue opportunities through private labelling, online commerce and loyalty schemes.
Economic update | Indonesia: On the market
6 Feb 2012
With GDP growth for 2011 expected to have hit more than 6% and home to a growing and savvy population, the future of Indonesia’s retail sector looks promising, though there are concerns that a recent influx of mall building has glutted the market temporarily.
Economic update | Indonesia: Surge in electronics
26 Jan 2012
Rising demand is expected to have seen consumer electronics sales in Indonesia reach IR28trn ($3.1bn) in 2011, according to the country's producers association. While the figure underlines healthy growth in the sector, industry leaders say improved incentives and better infrastructure could lead to faster progress.
Chapter | Industry and Retail from The Report: Indonesia 2012
Efforts are under way to transition the economy from one based on the export of raw materials, particularly hydrocarbons, to more advanced production. Recent trends show that this push is gaining traction, as Indonesia’s GDP grew 6.1% in 2010 despite a 2.3% contraction in the oil and gas sectors. The country aims to become an industrialised country by 2025. To facilitate this transformation,...
Economic update | Perú: Ventas al por menor al alza
11 Jan 2012
El fuerte crecimiento macroeconómico en el Perú ha dado paso a una emergente clase media y ha incentivado el crecimiento del sector minorista del país en la última década. A pesar de un comienzo moderado en 2011, cuando la confianza del consumidor e inversionista disminuyó luego de unas reñidas elecciones presidenciales, se espera que el consumo privado, cuyo promedio de crecimiento entre 2004 y 2010 fue de 5,7%, siga expandiéndose y que crezca un 6% en 2011 y un 5,6% en 2012, según el Banco Central de Reserva del Perú (BCRP).