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Edition January 31, 2017 - Crédit Agricole S.A.
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  • Edition January 31, 2017

    Emerging Countries – Monthly News Digest

    Highlights: Azerbaijan is at the mercy of oil... Serbia and Kosovo have awoken their old demons. In Saudi Arabia, a reformist 2017 budget has been drawn up on the basis of Brent at USD 50/bbl. In Côte d'Ivoire, the crisis has multiple faces. In China, 2017 will be a year of challenges. Is Mexico staring at the end of NAFTA?

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  • Content:

    - Central and Eastern Europe, Central Asia
    - North Africa, Middle East
    - Sub-Saharan Africa
    - Asia
    - Latin America
    - Trends to watch

  • Extract – China: A year of challenges

    GDP rose 6.8% over 12 months in Q4 2016. It had risen 6.7% in Q3, as in the two previous quarters. Annual growth last year thus came out at a fraction over 6.7%, slightly down on 2015 (6.9%). Consumption contributed 73%, investment 38%, while net external demand had a negative impact, with a share of -11%. In 2015, the figures were stated as respectively 62%, 34% and 5%. In the sectors, agriculture generated 4% of last year's growth, manufacturing 36%, and services 59%, compared with 4%, 41% and 54% respectively in 2015.

    December's figures also show that industrial production rose by 6% per year, retail sales by 10.9% and investment by 8.1%. In the real estate market, we should note the smaller increase in sales for the third month in a row, of 22.4% compared with 24.5% in November. New construction and investment, on the other hand, grew slightly more rapidly (again in December) by 8.7% and 6.9%, compared with increases of 7.9% and 6.5% in the previous month.

  • Latin America: 2017 minimum wages

    The average minimum monthly salary in Latin America (excluding Venezuela) is USD 320, which corresponds to USD 590 in purchasing power parity, and to 40% of average per capita GDP. The dispersion is fairly strong, but Mexico stands out, with a particularly low minimum wage: 80 MXN/day, or USD 110 a month and only 15% of per capita GDP.

    Latin America: 2017 minimum wages
  • Associative topics : Africa and Middle East | Asia and Oceania | CEE and Central Asia | Economics | Latin America


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