Search results

Further devaluation of Nigeria’s naira is likely

Location:

NIGERIA

This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Pakistan’s currency devaluation may not spur exports

Location:

PAKISTAN

Pakistan's central bank last month allowed the currency to weaken by more than 4% in a week, and is hoping that devaluation will stimulate exports. The ruling Pakistan Muslim…

Few resources remain to stave off crisis in Argentina

Location:

ARGENTINA

The sharp fall came days after President Alberto Fernandez announced that he would not seek re-election, prompting rumours of an imminent devaluation that the government blames on…

Near-zero growth is expected in Kazakhstan in 2016

Location:

KAZAKHSTAN

Low global oil prices and GDP declines in Russia and other trading partners caused a slowdown in growth in Kazakhstan in 2015 and early 2016. External shocks led to a large…

Post-election Argentine economy appears unsustainable

Location:

ARGENTINA

However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…

Sweeping Argentina reforms will risk more instability

Location:

ARGENTINA

The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…

Price protests may not bring down Azerbaijani regime

Location:

AZERBAIJAN

Authorities took too long to adjust the exchange-rate regime under pressure from falling oil prices, wasting resources that could have been used to shore up the banking sector…

IMF loan conditions will worsen Egyptian discontent

Location:

EGYPT

The government's struggle to stave off economic collapse has become increasingly frantic, as inflation has surged, the gap between the official and black market exchange rate has…

Elections may end attempts at orthodoxy in Argentina

Location:

ARGENTINA

Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…