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Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Job markets are less globalised than assumed

Location:

INTERNATIONAL

Labour market globalisation.

Renminbi reform will not allay suspicions

Location:

CHINA

Beijing's abrupt reform of its exchange rate regime on August 11 led to an immediate sharp devaluation, but is also broadly consistent with giving market forces a greater role in…

Low oil prices will force policy choices on Azerbaijan

Location:

AZERBAIJAN

The impact of prolonged low oil prices.

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…

Free-floating tenge will not stop Kazakhstani downturn

Location:

KAZAKHSTAN

Kazakhstan's exchange rate regime.

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Post-election Argentine economy appears unsustainable

Location:

ARGENTINA

However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…

Falling Russian oil exports will pressure ruble

Location:

RUSSIA

A weaker ruble will dampen Russian imports and this could deepen recession in 2023. The role of ruble-renminbi transactions has increased as the authorities seek to reduce…

Argentine foreign finance fears will rise this year

Location:

ARGENTINA

In 2018 the economic slump and devaluation helped to improve the trade balance by cutting imports. However, the current account deficit reached 5.4% of GDP, up from 4.9% in 2017…