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Argentine economic outlook will worsen this year

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ARGENTINA

The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…

Ghana borrowings may prompt eventual return to the IMF

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GHANA

The Bank of Ghana (BoG) has bought up unprecedented levels of treasury bonds but now wants to scale back its role. Finance Minister Ken Ofori-Atta is looking to international…

Elections may end attempts at orthodoxy in Argentina

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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…

Syriza is likely to win autumn elections in Greece

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GREECE

The reforms will allow the release of fresh funding for banks and a bridging loan to meet debt obligations to the IMF and ECB. A quarter of Syriza deputies rebelled, but…

Politics will exacerbate Lebanon’s economic crises

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LEBANON

Lebanon also only has a caretaker government with restricted powers, at a time when the economy has contracted for four consecutive years. A staff-level IMF package worth USD3bn…

Immigration policy could topple Swedish government

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SWEDEN

This is a lower forecast than the 170,000 the agency predicted in October, before Sweden reimposed controls at its border with Denmark. The immigration issue is causing strains…

Post-election Argentine economy appears unsustainable

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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’…

Prospects for Latin America in the fourth quarter

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PROSPECTS Q4 2015

Prospects for Latin America in the fourth quarter.

Argentine foreign finance fears will rise this year

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ARGENTINA

In 2018 the economic slump and devaluation helped to improve the trade balance by cutting imports. However, the current account deficit reached 5.4% of GDP, up from 4.9% in 2017…

Next Nigerian president faces major fiscal woes

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NIGERIA

This reflects broader investor concerns over the risk profile of Nigeria’s debt. Ballooning fuel subsidy payments resulting from high oil prices have contributed to these fears…