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August 15, 2013
Growth is expected to accelerate from 2.8% in 2012 to 4.4% in 2013 driven by a strong rebound in agricultural output. Nonagricultural growth slowed to

August 15, 2013
With the fiscal deficit set to widen to 4.5% of GDP this year, the government has proposed another downsizing of the funded pension pillar. The propos

August 14, 2013
The restoration of macroeconomic balance has helped insulate domestic conditions from recurring global financial turmoil and volatile capital flows. T

August 13, 2013
Real GDP growth stalled in 2013, alongside high inflation, and a narrowing current account surplus, suggesting that the economy is operating near its

August 13, 2013
Confidence has weakened under the weight of sluggish growth, increased political uncertainty and policy inconsistency. Confidence erosion augurs that

August 7, 2013
Popular discontent with the political establishment has increased pressure to reform the electoral system. Both the government and opposition have adv

August 5, 2013
Draconian controls on foreign exchange outflows have failed to ease strains on external accounts. International reserves have declined and underlying

August 5, 2013
The belated hike in administered domestic fuel prices and monetary tightening should help foster the correction of macroeconomic imbalances and bolste

August 1, 2013
The projected acceleration in global GDP growth is broadly on track as we enter 2013H2. This is primarily due to a pick-up in momentum in the mature e

July 24, 2013
The IIF's Emerging Markets Bank Lending Conditions Index fell for the first time since 2011Q4 and stood slightly below the 50 mark in 2013Q2, suggesti

July 23, 2013
Risks of a sudden outflow appear contained at present given still high nominal forint yields, the prevalence of a few large institutional investors an

July 21, 2013
The government sought to attract large capital flows to provide time for the twin deficits to adjust at a gradual pace, but the strategy came unstuck

July 15, 2013
The fiscal deficit narrowed to 3.1% of GDP in 2012 with a rebound in economic activity boosting revenue. Côte d'Ivoire will continue to run small and

July 15, 2013
Robust growth, a sizable current account surplus that is anchoring a stable exchange rate, and high yields have attracted foreign investors to Nigeria

July 11, 2013
Terms of trade losses and higher U.S. Treasury yields have taken a toll on growth momentum. However, policy prudence in the years of the commodity boo

July 11, 2013
Social protests have coincided with higher U.S. Treasury yields, increasing pressure on policymaking already struggling to revive growth and rein in i

July 11, 2013
Egypt's second attempt at a transition to democratic rule has begun against a backdrop of serious social and political divisions and dire economic con

July 10, 2013
Diminished sensitivity of the banking system to changes in global liquidity conditions has helped limit the impact of the latest bout of global financ

July 3, 2013
Download PDF (149.04 KB) IIF Authors Jeffrey Anders

June 27, 2013
The current macroeconomic performance and near-term outlook remain favorable. Nonhydrocarbon real GDP growth is expected at 4.5% and the external and
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