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Puerto Rico control board will squeeze debt holdouts

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PUERTO RICO

The announcement would mark the largest subnational bankruptcy in US history, with Puerto Rico facing debt obligations of 73 billion dollars from an array of public entities and…

Early Jamaica election likely despite COVID-19 impact

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JAMAICA

The authorities have implemented a range of measures to prevent transmission, introduced a large fiscal stimulus package and established a multi-stakeholder task force to oversee…

Mexican public indebtedness will remain restrained

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MEXICO

The government’s prudence should allow it to maintain Mexico’s investment-grade rating, despite lacklustre economic growth and the downgrading of state-owned oil firm Pemex.

Greece’s virus recovery forecasts are over-optimistic

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GREECE

The authorities are gradually lifting pandemic-induced restrictions. The need to protect public health has given way to preserving the productive capacity so painfully built up…

Turkish state banks’ use for policy may harm stability

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TURKEY

State banks’ increased use as policy instruments.

Prospects for the euro-area in 2023

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PROSPECTS 2023

Prospects for the euro-area in 2023.

Panama’s economic growth may slow but will continue

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PANAMA

The economy nevertheless still saw growth of 9.8% year-on-year, underpinned largely by the transportation and communications, commerce, construction and manufacturing sectors…

COVID-19 crisis will interrupt Dominican GDP growth

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DOMINICAN REPUBLIC

The Dominican Republic and COVID-19.

Pakistan’s economic woes will intensify

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PAKISTAN

In March, the government unveiled a PKR1.2tn package of fiscal stimulus to help mitigate the economic fallout of the COVID-19 crisis. Pakistan is relying on support from the IMF…

South African relief plan will not halt further slide

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SOUTH AFRICA

South African relief package.