For other energy and commodity exporters, times are more uncertain and difficult, according to the IHS Global Insight report. "For Nigeria and Angola, much will depend on how efficiently they implement painful, yet necessary, remedial policy measures against the external adjustment in an era of lower oil for longer," Randolph said.New debt to be norm in Gulf Cooperation Council (GCC): Growth in the GCC has been better than others, but financial pressures from lower oil have had an impact. "Fiscal accounts for the GCC have been strained and we are likely to see greater issuance of debt in these countries to fill the deficit gaps emerging," Randolph said. "Saudi Arabia could see some tumultuous economic policy changes provoked by the lower oil price era and the emerging challenge from renewable energies." Reform, necessary to survive: Many emerging market sovereign ratings have withstood or even benefitted from the commodity crash the last two years. "The emerging markets that succeeded in the past two years were the ones that extracted growth from within," Randolph said. "In order for others to grow like India and the Philippines, well-designed reform policies will have to be made. However, this again may face political hurdles. Nevertheless, next year may be the year we see reforms and subsequent Cinderella stories." For more information about these products, please contact Susan.Minio@ihsmarkit.com. About IHS Markit ( www.ihsmarkit.com) IHS Markit (Nasdaq:INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world's leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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