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Monday, July 15, 2019 / 07:42AM / By
Fitch Ratings / Header Image Credit: BRICS Journal
A number of frontier economies have seen interest rate cuts in recent months against a backdrop of more accommodative global monetary policy conditions. These include: Angola, Azerbaijan, Costa Rica, El Salvador, Jamaica, Mozambique, Sri Lanka and Tajikistan, as highlighted in Fitch Ratings' latest 'Frontier Vision' slide pack.
Frontier markets are also seeing exports slowdown, particularly Angola, Azerbaijan, Mongolia, Nigeria and Pakistan, while Armenia, Belize, Cote d'Ivoire, El Salvador, Gabon, Georgia, Ghana, Honduras, Iraq, Paraguay, Suriname and Zambia noted outright negative growth rates.
Fitch's Frontier Vision chart pack tracks high frequency macroeconomic data for the 35 countries included in NEXGEM. 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 35 countries representing
Sub-Saharan Africa, Central America, the Caribbean, the Middle East, Europe and
Asia.
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