July 16, 2021 (MLN): The trend of rising inflation in recent months has also been seen in Frontier Markets (FM), fuelled by higher commodity prices, supply-chain pressures, and the gradual lifting of restrictions to curb the Covid-19 pandemic, says Fitch Ratings in its latest ‘Frontier Vision’ chart pack.
Consumer price inflation continues to rise on a year-on-year basis among many frontier economies including Angola, Azerbaijan, Belize, Cote d’Ivoire, El Salvador, Ethiopia, Georgia, Iraq, Jordan, Mongolia, Pakistan, Sri Lanka, Vietnam, and Zambia among others – this mirrors the global picture of rising inflation rates among many major economies covered in Fitch’s Global Economic Outlook report.
Simultaneously, international trade has rebounded, in particular among commodity exporters, such as Azerbaijan, Mongolia, and Papua New Guinea, but also other FM countries, such as Armenia, Belarus, Paraguay, Senegal, Sri Lanka, and Tunisia.
Fitch's quarterly ‘Frontier Vision’ chart pack tracks high-frequency macroeconomic data for the countries included in the Next Generation Markets (NEXGEM) Index. The charts cover five years of historical data and the choice of data series has been harmonized as far as possible across all countries to facilitate comparisons. The index comprises countries representing sub-Saharan Africa, Latin America, the Caribbean, the Middle East & North Africa, Europe, Asia, and Oceania.
