Search results

COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

Emerging Asia activity will slow despite China rebound

Location:

INTERNATIONAL

ASEAN's growth is nevertheless expected to outpace global growth, of which China and India are expected to contribute more than 50% -- India about 15% and China around 35%.

Greece's more competitive economy may turn to exports

Location:

GREECE

Signs of resilience in the Greek economy.

Risk of Greek euro exit has risen but is still small

Location:

GREECE

The prospects for Greek departure from the euro-area.

Cheap oil will not bridge Turkey's external gap

Location:

TURKEY

Turkey's external balances in 2016.

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…

Sri Lanka move on domestic debt will be of limited use

Location:

SRI LANKA

Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…

Turkey's economic policy shift is not worth the risks

Location:

TURKEY

The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly…

Very high inflation may be the new normal in Turkey

Location:

TURKEY

As state-owned banks apparently intervene to support the lira, the Treasury and Finance Ministry has proposed issuing domestic bonds with yields linked to the revenues of state…

Gulf investors offer Egypt’s finances temporary relief

Location:

EGYPT

Earlier, Cairo had announced plans to raise finance by selling off state-owned assets. It is seeking to cover deficits that are increasing rapidly because of the global commodity…