Emerging Markets Economics

Frontier Markets Monthly Wrap

29 August, 2018

Frontier recovery remains on track

Frontier financial markets have endured a torrid 2018, but this hasn’t been accompanied by a deterioration in the hard activity data. Admittedly, growth in the largest frontier economy, Nigeria, slowed in Q2. But that was due to weakness in the oil sector; the non-oil sector actually strengthened. Meanwhile, a raft of second quarter figures from other large frontier economies including Vietnam and Ukraine, showed that growth strengthened. And we expect a similar trend in the remaining Q2 data to

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