Global Focus 2013 - Divided, Disconnected, But Growing

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2、GlobalResearch

3、GlobalFocus–2013Divided,disconnected,butgrowingAllrightsreserved.StandardCharteredBank2012TableofcontentsGlobaloverviewCameroon:Highergrowth,butstill-tightpublicfinances...86Côted’Ivoire:Reapingthepeacedividend.......................87Divided,disconnected,butgrowing....

4、.................................5DRC:Economicstabilityversuspoliticaluncertainty..........88Ethiopia:Cracksappearing...............................................89StrategyGabon:Oilisnotforever....................................................90Strategyoverview:Slowandsteady.......

5、.........................10Gambia:Rebound.............................................................91Commodities:Liquidityversuseasingsupply...................12Ghana:Domesticgrowth,externalvulnerability.................92Credit:Supportfromvaluationsisdisappearing................15K

6、enya:Electioninfocus....................................................94Equities:Earningsrecoverytodrivemarkets....................18Malawi:Thingscanonlygetbetter....................................96FX:Weakeryen,strongerAsia..........................................21Mauritius:Growt

7、htopickup.............................................97Rates:StaylongEM;NigeriaandIndiatooutperform......24Mozambique:Risingstar..................................................98Sovereignrisk:Farfrombeingallbadnews....................27Namibia:Recoverybutrisksremain.................

8、.................99Nigeria:Fuellinggrowth...................................................100EconomiesSenegal:Resilientgrowth,fragilepublicfinances...........102Seychelles:Regainingmomentum..................................103UNITEDSTATESandCANADASierraLeone:Momentumcontinues........

9、.......................104UnitedStatesandCanada–Chartsoftheyear............30SouthAfrica:Competitivenessinquestion.....................105UnitedStates:Betteroutlook,butrisksremain.................31SouthSudan:Turningonthetap....................................107Canada:Leadingthewayi