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Post-pandemic recovery will be protracted in Peru

Location:

PERU

Peru’s previously buoyant economy has been badly affected by the COVID-19 pandemic, contracting by around 13.38% in the first ten months of this year. Investment has been hit, as…

Politics will exacerbate Lebanon’s economic crises

Location:

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…

Brazil fiscal and welfare spending demands will clash

Location:

BRAZIL

The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…

Virus storm will erode Hungarian government’s position

Location:

HUNGARY

Fidesz faces an election in spring 2022. The spectre of a weaker position in the EU and increased EU scrutiny on Hungary’s rule of law record could deal the party further blows…

Rajapaksa dominance will grow in Sri Lanka

Location:

SRI LANKA

With the support of the SLPP’s allies, the Rajapaksa administration now commands a two-thirds parliamentary majority, which is enough to make constitutional changes. The…

Puerto Rico will enact deep fiscal cuts after default

Location:

PUERTO RICO

The missed payment marks the island’s second default of 2017 after missing payments in January. The federal fiscal control board imposed by the US Congress has given the indebted…

Tourism reopening will ease Bhutan’s economic strains

Location:

BHUTAN

The kingdom has raised the long-standing ‘sustainable development fee’ (SDF) for visitors from most countries to USD200 per night from USD65. It hopes that tourism revenue can…