Search results

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…

Dollar could plausibly lose its global dominance

Location:

INTERNATIONAL

Questions over the future of the international monetary system.

Lebanon’s energy hopes depend on Mideast integration

Location:

MIDDLE EAST

Import-dependent Lebanon has faced acute energy shortages in recent months, reflecting poor infrastructure, unsustainable policies and a lack of hard currency. Leaders are…

Argentina currency crisis highlights policy vacuum

Location:

ARGENTINA

In recent days a severe currency run drove a 12.2% depreciation of the peso and an estimated fall of nearly 5 billion dollars in international reserves (8% of that stock). The…

Turkey’s illiberal economic model will extend further

Location:

TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Egypt import controls will not prevent devaluation

Location:

EGYPT

British Airways stopped selling tickets in Egyptian pounds because it could not convert earnings into dollars. At end of February, Egypt's foreign reserves stood 16.53 billion…

Long-term challenges cloud Ethiopia’s economic reforms

Location:

ETHIOPIA

Outlook for Ethiopia's economic reforms.

Risks to Turkish economic growth and stability mount

Location:

TURKEY

The long-running weakness of the lira, which accelerated this month, has forced up prices and market interest rates, depressed asset values, dampened confidence in the economy and…

Global South will become even more important to Russia

Location:

RUSSIA

Fostering closer trade and financial ties with countries outside the West is essential if Russia is to improve its economic security and enhance its sovereignty. For Moscow it is…

IMF bailout would force Pakistan’s Khan to compromise

Location:

PAKISTAN

Pakistan's likely need for an IMF bailout.