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Power and reform woes will slow South Africa’s growth

Location:

SOUTH AFRICA

South Africa’s escalating power crisis has slashed its growth prospects, with the government making only slow progress on promised reforms and the president declaring a state of…

Pandemic will increase El Salvador financing needs

Location:

EL SALVADOR

The second quarter will almost certainly be worse. COVID-19 containment measures have hit consumption and investment while a US slowdown in the first half of the year has weighed…

Global iron ore market will stay oversupplied

Location:

INTERNATIONAL

Developments in the global iron ore market

Policy support will focus on China's property market

Location:

CHINA

Exports and imports fell further into contraction, declining by 14.5% and 12.4% respectively in dollar terms. The consumer price index fell into negative territory, declining by…

US Congress scrambles to help smaller virus-hit firms

Location:

UNITED STATES

The package would close loopholes and make improvements to the CARES Act so that money will get to small businesses. However, the parties disagree over whether funding for medical…

Somalia's economy faces two extremely difficult years

Location:

SOMALIA

However, despite an improving post-electoral outlook, the economic challenges facing the country -- including restoring progress towards debt relief, improving domestic revenue…

Kenyan president faces economic reform challenges

Location:

KENYA

In this context, he faces major challenges, having promised a policy broadly in line with IMF recommendations -- to strengthen fiscal and debt management, widen the tax base…

Prospects for South Africa in 2023

Location:

PROSPECTS 2023

However, debilitating strikes, escalating power outages and decrepit infrastructure have marred growth. The government’s slowness in addressing these issues, ruling party…

Panama faces major fiscal and external challenges

Location:

PANAMA

Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…