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Africa’s economic crisis will escalate debt crisis

Location:

AFRICA

Debt sustainability is a major concern as African economies reel from the worst economic crisis in decades

The pandemic has worsened global cooperation prospects

Location:

INT

Economic stagnation and employment or livelihood crises are most feared by executives surveyed worldwide

Pride and politics will push Turkey to recession

Location:

TURKEY

A sudden deterioration in US-Turkish relations has plunged Turkey into a debt and liquidity crisis

The emerging markets recovery will be fragile

Location:

INT

Economic disruption has lasted longer for EMDCs than for advanced economies and China; this will hinder their prospects

COVID-19 will drive record Latin America recession

Location:

LATIN AMERICA

Latin America is now the global hotspot for the pandemic, with over 2mn cases and 100,000 deaths

COVID-19 poses a critical challenge in South America

Location:

SOUTH AMERICA

The coronavirus will have widespread social, economic and political impacts with which authorities will struggle

Many middle-income states face a fragile recovery

Location:

INT

The G20 summit pledged vaccine equity to help low-and-middle-income nations, but not broader economic commitments

A China crisis is bigger systemic threat than markets

Location:

INT

China’s influence on the global real economy is a bigger risk than events in fragile Italy, Turkey and Argentina

Prospects for emerging economies in 2023

Location:

PROSPECTS 2023

Emerging market and developing economies (EMDEs) face a cocktail of crises and global tensions will curb remedial action

Resisting reform will make Greece the bailout laggard

Location:

EUROPE

Ireland, Cyprus, Spain have left Greece well behind in emerging from crisis and Portugal has outperformed it since 2012