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South Africa’s tourism sector set for more turbulence

Location:

SOUTH AFRICA

Tourism has been identified as a priority sector to drive economic recovery in the government’s recent strategy, as well as in the recovery strategies agreed by business and…

Albania’s tourist boom will endure

Location:

ALBANIA

Albanian tourism is booming. The country has posted Europe’s strongest growth in terms of overnight stays (the EU average was 13%). More than 60% of bookings came from foreign…

Brunei will step up efforts to diversify economy

Location:

BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

Biden’s team will try to reset engagement with Africa

Location:

AFRICA/US

This may see a redefining of US-Africa policy compared to the Trump administration’s focus on competition with China, including: resolving questions surrounding the role for US…

Panama faces major fiscal and external challenges

Location:

PANAMA

Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…

New Zealand’s election looms as COVID-19 recedes

Location:

NEW ZEALAND

The economy is recovering fast, while it has been weeks since a case of COVID-19 was acquired within New Zealand from an unknown source. The country’s challenge now is determining…