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Volcano will add to Saint Vincent's deep economic woes

Location:

SAINT VINCENT

Thanks to early evacuations, there were no deaths or injuries, but thousands were displaced and perhaps 10% of the 110,000 residents made homeless. Significant support was…

Pressure on EU banks is escalating and could intensify

Location:

EURO-AREA

Either event could cause confidence in Europe's banks to plunge. The financial and sovereign debt 'double crisis' has dealt the European banking system a double blow from which…

Differing demographic trends create chances and tests

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INTERNATIONAL

Global demographic trends and implications.

Economic uptick may not spell recovery in Brazil

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BRAZIL

Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in…

Threat of a downgrade hangs over Mexico

Location:

MEXICO

Mexico credit outlook downgrades.

Inadequate policies will deepen Mexico COVID-19 blow

Location:

MEXICO

A lack of testing may have led to an underestimation of infections, but with a population of 130 million, Mexico appears relatively unscathed by the pandemic so far. The virus…

Risk of full-blown Turkish currency crisis is rising

Location:

TURKEY

Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…

Recovery plan will need to follow Argentine debt deal

Location:

ARGENTINA

The net present value (NPV) of this fifth offer is around 37% higher than the first, largely the result of bringing forward payment dates. Despite a significant fall in the…

Balkan banks will raise Greek contagion fears

Location:

EUROPE

The loan let Greece make a scheduled payment to the ECB and settle arrears to the IMF. It is part of the agreement in principle with Greece's international lenders for a third…

Low monetary credibility keeps strain on Turkish lira

Location:

TURKEY

The recovery from the record low of 4.93 on May 23 may reflect officials’ efforts to counteract President Recep Tayyip Erdogan’s disastrous interventions in Turkey’s economic…