Wednesday, October 16, 2019
/10:26 AM / By Fitch Ratings / Header Image Credit: Stonecastle
Consistent with the broader global economic picture, GDP growth is slowing down among frontier emerging market economies according to Fitch's latest Frontier Vision chart pack. In 2Q19 GDP growth rates declined in Armenia, Costa Rica, El Salvador, Georgia, Ghana, Jamaica, Jordan, Kenya, Mongolia, Senegal, and Sri Lanka, with Belize, Honduras and Paraguay seeing negative rates.
Frontier markets are also experiencing further interest rates cuts, particularly: Belarus, Belize, Costa Rica, Cote d'Ivoire, Ghana, Jamaica, Jordan, Namibia, Papua New Guinea, Paraguay, Sri Lanka and Vietnam.
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. Following the recent change in NEXGEM index composition Papua New Guinea and Uzbekistan replaced Ecuador and Egypt in the chart pack.