MANILA — To hear some pundits tell it, China’s economic miracle – one that lifted 300 million people out of poverty and shifted the world’s geopolitical center of gravity – is coming to a tumultuous end. The volatile stock market and the renminbi’s “surprise” depreciation are signs of imminent economic collapse, according to this view, … Continue reading
Taking advantage of its growing working-age population could help accelerate South Africa’s growth to 5.4 percent a year and double per capita incomes by 2030, according to the South Africa Economic Update released by the World Bank today. The report explores how the projected growth can be attained by creating a virtuous circle of job … Continue reading
China is moving to a “new normal” of slower yet safer and more sustainable growth. This involves giving the market a more decisive role in the economy, says the IMF in its annual assessment of the economy. China’s growth is expected to be 6.8 percent in 2015, down from 7.4 percent last year. This slowdown, … Continue reading
After years of negotiations, there has been a recent breakthrough between Iran, the United States and other world powers about Iran’s nuclear program. By Templeton Emerging Markets Group While the deal certainly was controversial, and is still under debate in the United States, strictly from an investment standpoint, we think it represents an exciting development not … Continue reading
Lifting sanctions related to Iran’s nuclear program will have a significant impact on the world oil market, the Iranian economy and Iran’s trading partners. Iran’s full return to the global market will eventually add about a million barrels of oil a day, lowering oil prices by US$10 per barrel next year, according to the World … Continue reading
Africa has grown used to negative images being relayed all over the world through media houses, social media sites, documentaries and even Hollywood movies. These bloody Africans, the commentaries seem to say, why can’t they just get it together? Ebola, famine, corruption, civil wars, fleeing refugees…the list is endless. So you can imagine the great … Continue reading
If, as has been observed, demography is destiny, this will be the African century. By Antoinette M. Sayeh and Abebe Aemro Selassie Most countries in sub-Saharan Africa are on the cusp of a demographic transition—the years when the share of young and old in the population declines and those in working age range (15-64 years) increases. Elsewhere, … Continue reading
Latin America’s recent economic fortunes highlight the region’s closer economic ties with Asia. China, in particular, has grown into a crucial source of demand for Latin American commodities over the past two decades, providing significant gains to the region. The flip side is that the ongoing structural slowdown of Chinese investment is weighing considerably on … Continue reading
Politically connected firms evaded at least $1.2 billion in import taxes between 2002 and 2009 by underreporting prices, a new report finds. While the 2011 revolution drastically diminished such privileges enjoyed by those with ties to the former regime, tariff evasion in Tunisia as a whole has escalated. STORY HIGHLIGHTS Dodging custom duties or ‘tariffs’ … Continue reading
There has been a recent debate about whether the end of the commodities “supercycle” is over, and if we are entering a new era of lower prices for natural resources, particularly oil. While no one can predict exactly where prices are headed next, one thing I do know is that demand for natural resources has … Continue reading