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US policy shift on Cuba will bring little respite

Location:

CUBA

The move comes as Cubans face a severe economic crisis and increasing hardship that is driving record outward migration. The collapse of Russian tourism and increased fuel and…

Ending endo risks Philippine labour and employer anger

Location:

PHILIPPINES

Endo is a colloquial expression meaning end-of-contract and refers to the practice of hiring and re-hiring workers on contracts lasting less than six months, the period after…

Virus will have wide effects on US industry

Location:

UNITED STATES

Trump on March 16 ordered social distancing and many businesses’ closure for 15 days, to slow COVID-19’s spread and avoid overwhelming hospitals. Transport, tourism, leisure…

COVID-19 will cut tourism to Greece this year

Location:

GREECE

Restrictions on the economy’s vital tourism branch are being lifted. However, airports outside Athens and Thessaloniki stay closed until June 30. Passengers from low-risk…

Greece’s virus recovery forecasts are over-optimistic

Location:

GREECE

The authorities are gradually lifting pandemic-induced restrictions. The need to protect public health has given way to preserving the productive capacity so painfully built up…

Terms of Greece's third bailout will depress economy

Location:

GREECE

In the absence of external funding, capital controls will remain. Banks will allow depositors to withdraw up to 420 euros (456 dollars)/week at one go rather than in daily…

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…

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…

Virus will stymie Seoul's economic recovery hopes

Location:

SOUTH KOREA

The economic outlook for South Korea in 2020.