Archive for November, 2011

Consumption Patterns Across European Union

Database NEWS@lert: However sophisticated are the financial instruments [labeled as exotic before crisis and toxic afterwards] that triggered the financial turmoil in 2008, most of the problem now faced by PIIGS countries comes from one simple basic root: consumption above resources. Simply plotting the consumption, private and public, altogether, as a share of GDP, reveals [...]

BM&FBovespa’s Rough Ride

Brazil Data Talk: As one of the world’s biggest stock exchanges by market capitalisation, the BM&FBovespa rebounded vibrantly during 2009, from its 5-year low of 29,435.11 points on 27 October 2008 to its pre-2008 crisis level. The strong recovery of the BM&FBovespa Index (or Ibovespa), along with Brazil’s stable macroeconomic fundamentals, has been a key [...]

Russia to Increase Natural Gas Exports to Europe via Nord Stream Pipeline

Russia Data Talk: A new natural gas pipeline, Nord Stream, was launched on 8 November 2011. The pipeline will deliver Russian gas to Germany via the Baltic Sea, bypassing the key transit countries of Ukraine and Belarus. Russia provides up to 25% of the gas consumed in Europe. Russian gas giant Gazprom, which holds 51% [...]

Arab Spring Affects Foreign Trade for Egypt and Tunisia

Macro Watch: Egypt and Tunisia are currently facing post-revolution economic periods characterized by continuous unrest and economic instability. Among those sectors that have been greatly affected by the unrest are total exports and imports. Foreign Trade in Egypt and Tunisia Chart provided by: CEIC Data The period from January to September 2011 is characterized by [...]

Botswana: Can the Diamond Sector Drive the Economy?

Macro Watch: The development of Botswana in the last few years only confirms the dependence of the economy on diamond production. Diamond mining accounts for more than 30% of the GDP and about 75% of export value. At the end of 2008, the sector was hit by a low global demand for gems. The exports [...]

Uganda: Record of Inflation

Macro Watch: High inflation concerns continue to threaten the Ugandan economy as domestic demand struggles under a weak local currency and a contracting economy. Pushed by devaluation of the shilling, Uganda registered 28.3% annual inflation in September this year versus 21.4% in August, which is the highest level since 1993 when it stood at 34.2%. [...]

Will Kenya’s Monetary Policy Changes Stem Inflation?

Macro Watch: Kenya’s inflation rate has been increasing continuously since October 2010 and reached 17.32% in September 2011. The increase of food prices as well as fuel and energy prices pushed the Monetary Policy Committee of Kenya to raise the Central Bank Rate (CBR) to 7.00% on 15 September 2011. The Committee believes that the [...]

Can Okun’s Law Be Confirmed for Jordan?

Macro Watch: A widely accepted economic concept is that the growth of an economy’s GDP increases employment and reduces unemployment. This theoretical proposition relating output and unemployment is called “Okun’s Law,” which states that there is a negative relationship between the unemployment rate and changes in real GDP. Research studies have empirically investigated this relationship [...]

The Banking Sector in Lebanon: Backbone of the Economy

Macro Watch: For Lebanon, 2011 has been a very hard year; the country has been without a unitary government since January. The downward spiral has affected the country’s economy and the banking sector in particular. Assets and Deposits of the Banking Sector Chart provided by: CEIC Data Since Lebanon is not considered a safe place [...]

Fast-Growing Qatar Ranked Most Competitive Economy in the Arab World

Macro Watch: Qatar, which is expected to have one of the world’s fastest growing economies this year, was ranked 14th most competitive among 142 countries, up three spots from last year. This is according to the newly released Global Competitiveness Report 2011– 2012, published by the World Economic Forum. Consequently, Qatar remains the most competitive [...]