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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…
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DOI: 10.1108/OXAN-DB227921
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB278772
ISSN: 2633-304X
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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’…
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DOI: 10.1108/OXAN-DB282141
ISSN: 2633-304X
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Economic update.
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DOI: 10.1108/OXAN-DB244988
ISSN: 2633-304X
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The economic effects were immediate: a sharp outflow of portfolio capital, which generated exchange rate devaluation of 27.3% in three months; a contraction in GDP, driven down by…
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…
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DOI: 10.1108/OXAN-DB262544
ISSN: 2633-304X
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High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s…
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DOI: 10.1108/OXAN-DB261520
ISSN: 2633-304X
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Apart from mounting frustration and economic pain, there is a marked shift in public opinion away from Vice-President Cristina Fernandez de Kirchner (CFK). Much remains unclear…
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DOI: 10.1108/OXAN-DB281679
ISSN: 2633-304X
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This will make for a challenging start of President Abdel-Fattah el-Sisi’s third term, after he is inevitably re-elected in December this year. Meanwhile, the government will also…
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DOI: 10.1108/OXAN-DB283487
ISSN: 2633-304X
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Although pre-election spending normally militates against a sharp drop in growth in election years, there is little margin for this in a context of low reserves, spiralling…