Angola GDP Growth Strongest in Over 9 Years đ
Angola's economy grew by 5.5% year-over-year in Q3 2024, the strongest expansion since Q1 2015, driven by the extraction and refining of crude oil and natural gas, trade, agriculture and forestry, other services, manufacturing, and fishing sectors.
The strong economic growth in Angola, particularly in the key sectors of oil and gas, trade, and manufacturing, suggests a positive outlook for the investment portfolio. The diversified nature of the portfolio, with exposure to global and emerging markets as well as specific sectors like technology and commodities, should benefit from the overall improvement in the Angolan economy.
Georgia Q3 GDP Growth Expands 11% YoY đ
Georgia's GDP grew by 11% year-on-year in Q3 2024, the strongest growth since Q4 2022, driven by construction, information and communication, and wholesale and retail trade, while real estate and utilities declined, and agriculture and manufacturing slowed.
The strong economic growth in Georgia, particularly in the construction, information and communication, and wholesale and retail trade sectors, suggests a generally positive outlook for the investment portfolio. However, the declines in real estate activities and electricity, gas, steam and air conditioning supply, as well as the slowdown in agriculture and manufacturing, indicate some potential risks or headwinds that could moderately impact the portfolio's performance.
Sri Lanka GDP Growth Accelerates to Near 7-Year High đ
Sri Lanka's economy grew by 5.5% year-on-year in Q3 2024, the fastest expansion since Q4 2017, driven by a surge in the industrial sector and easing inflationary pressures.
The article indicates that Sri Lanka's economy is recovering from its worst financial crisis, with a strong 5.5% year-on-year growth in Q3 2024, the fastest expansion since 2017. This suggests an improving economic outlook for the country, which could have a moderately positive impact on the portfolio's exposure to the MSCI World and emerging markets indices.
Argentina GDP Shrinks for Sixth Straight Quarter âšī¸
Argentina's economy contracted by 2.1% year-on-year in Q3 2024, better than expected, but marked the sixth consecutive quarter of decline, driven by a slowdown in the agriculture sector, while other sectors like manufacturing, construction, and financial intermediation saw eased declines.
The contraction in Argentina's economy, while better than expected, is still a negative development. However, the easing of declines in key sectors like manufacturing, construction, and financial intermediation suggests some stabilization in the economy. Given the diversified nature of the investment portfolio, the overall impact is expected to be moderate, as the exposure to Argentina's market is relatively small compared to the broader global exposure.
El Salvador GDP Growth Accelerates Slightly in Q3 âšī¸
El Salvador's economy grew by 1.58% in the third quarter of 2024, with a slowdown in net foreign demand and imports, while gross fixed capital formation rebounded, and household consumption and government spending decelerated.
The article provides an update on El Salvador's economic performance in the third quarter of 2024, indicating a slight acceleration in overall growth compared to the previous period. However, the details suggest a mixed picture, with some key indicators like net foreign demand and imports slowing down, while others like gross fixed capital formation rebounded. Given the relatively small weight of El Salvador in the overall portfolio, the impact of this news is likely to be neutral, as it does not significantly affect the broader investment positions.