30th May 2017
The first hint of spring is in the air leaving this Economic Outlook in a position of cautious optimism.
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15th August 2017
Trump’s threats to revise NAFTA and build a wall at the Mexican border could offer new trade opportunities for businesses in relations with Mexico.
8th August 2017
China is rebalancing its economy away from exports and investments towards consumption. This is weighing on GDP growth of its trading partners.
3rd August 2017
GDP growth is expected to slow down to about 1.5% in 2017 and 2018, as lower revenues from oil and gas exports negatively impact government investments.
GDP growth will decrease in 2017 as sharp inflation increase restrains consumer demand, but in the medium-term the economy should benefit from reforms.
Reforms have been made to diversify the economy by developing manufacturing and providing a favourable investment environment. But stumbling blocks remain.
With the oil price well below its fiscal break-even level of around USD 78, the government still faces the challenge of keeping a tight grip on spending.
Tackling bureaucracy and reforming the tax and subsidy systems are necessary to improve the economic conditions and to reduce the high unemployment rate.
So far the UAE has weathered the global oil price slump relatively well, supported by its increasingly diversified economy and ample foreign assets.
20th July 2017
The Chinese chemicals industry has entered a phase of lower but still solid growth, with chemicals demand growth rates still above global average.
Producers are looking to take further advantage of low natural gas prices in the US, which enables the significant expansion of methane-based projects.