Fitch: Frontier Market Economies Benefit from Global Upturn

Image result for Fitch Ratings

12/10/2017/Fitch Ratings

Fitch Ratings-London-12 October 2017: Frontier markets have seen a further improvement in economic activity in recent months, according to Fitch Ratings’ latest Frontier Vision chart pack. The stabilisation in commodity prices has helped resource producers and the pick-up in Chinese import growth has been widely felt.

Several countries saw rising GDP growth in 2Q17, including Nigeria, Ghana, Ecuador, Mongolia and Vietnam. Export growth has been improving in three quarters of the countries on JP Morgan’s Next Generation Market Index (NEXGEM) and FX reserves have been rising in two thirds of the countries.

Fitch’s Frontier Vision chart pack tracks high frequency macroeconomic data for the 33 countries included in the NEXGEM index. The charts cover five years of historical data and the choice of data series has been harmonised as far as possible across all countries to facilitate comparisons. The index comprises 33 countries representing Sub-Saharan Africa, Central America, the Caribbean, the Middle East, Europe and Asia.

opan



investadvocate