OUTLOOK 2021 Iran By bne IntelIiNews January 30, 2021
POLITICAL
No-one ever expected a smooth transition from Donald Trump’s abandonment of the 2015 nuclear deal to Joe Biden re-embracing it. Neither Iran nor the US can afford to lose too much face in dealing with the other, domestic and international politics on both sides have long seen to that. Thus the current jockeying for position and leverage seen coming from Tehran and Washington. Drop the Trump sanctions and we’ll quickly get back to full compliance with the nuclear deal, says Iran. Get back to full compliance and we’ll drop the sanctions and re-enter the nuclear deal, says the US.
Djibouti pursues its ambitious growth projects in 2021 Monday, 01 February 2021 10:25
(Ecofin Agency) - In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination. According to the World Bank s Global Economic Prospects report, Djibouti is expected to experience the strongest GDP growth in Africa this year with a projected rate of 7.1%.
This outlook is by no means coincidental. Lacking natural wealth, exposed to a demanding and arid environment, Djibouti has been able to build on its main asset: its geostrategic location at the entrance to the Bab-el-Mandeb Strait, at the intersection of major global shipping routes, used by a mega ship every 25 minutes.
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In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
According to the World Bank’s Global Economic Prospects report, Djibouti is expected to experience the strongest GDP growth in Africa this year with a projected rate of 7.1%. This outlook is by no means coincidental. Lacking natural wealth, exposed to a demanding and arid environment, Djibouti has been able to build on its main asset: its geostrategic location at the entrance to the Bab-el-Mandeb Strait, at the intersection of major global shipping routes, used by a mega ship every 25 minutes.
Oman economy expects to grow by nearly 8 per cent in 2022
14 Jan 2021 A general view of Oman. File/ Reuters Oman’s economy is predicted to grow by 7.9 per cent in 2022, according to a new report from the World Bank, placing it among the world’s countries expected to grow fastest.
The World Bank’s Global Economic Prospects, which was published in January 2021, and forecasts the growth of developing countries around the world, Oman’s predicted rate also places it at the front of the GCC countries, in terms of potential growth.
At 11.8 per cent Niger is expected to grow fastest, according to the report. It is primarily African and Arab economies that are forecast to expand the most in 2022. Oman aside, the other countries forecast to grow are the Maldives (11.5 per cent), Ethiopia (8.7 per cent), Fiji (8.2 per cent), Iraq (7.3 per cent) and Djibouti (7.2 per cent).
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With the rollout of a Covid-19 vaccine around the corner in India, hopes are rising among business leaders of a swift recovery in 2021 after the economy was plunged into a recession last year because of the impact of the pandemic and lockdown restrictions.
India has given emergency approvals for two vaccines – the Oxford-AstraZeneca jab and a homegrown candidate – and it is currently preparing to begin its immunisation drive, which starts on January 16. This will start with 30 million essential workers, and India has the ambitious target of vaccinating some 300 million citizens by the middle of the year. India is the second-worst affected country after the US with more than 10 million confirmed Covid-19 infections.