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Cuba's monetary reform will create multiple shocks

Location:

CUBA

The long-postponed move is essential but will send shockwaves through the economy. Inflation and currency flight will soar. Salary and pension hikes will be quickly eaten up by…

Russian consumers will economise in downturn

Location:

RUSSIA

Russian consumer trends.

Russian household consumption is recovering slowly

Location:

RUSSIA

This was the first acceleration after twelve consecutive declines and was driven by an 11% rise in the prices of services. The war in Ukraine has exposed Russia’s consumers to…

Turkish go-it-alone policy raises currency crunch risk

Location:

TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Cuba will struggle to keep inflation at bay

Location:

CUBA

So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…

Cuban 'opening' will be gradual and limited

Location:

CUBA

Although the promise of Cuba's 'opening' has brought a rush of high-level US and European visits, change will be slow. Negotiations to restore diplomatic relations with…