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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…

Coronavirus puts Egypt tourism and remittances at risk

Location:

EGYPT

Coronavirus economic impact.

Honduras rebound from 2020 recession will be sluggish

Location:

HONDURAS

Hotels and restaurants, private construction and manufacturing suffered the sharpest declines. A gradual reopening of the economy since June should drive increased activity in the…

Cuban discontent will be muted despite economic woes

Location:

CUBA

At the same time, private businesses have been allowed to import as never before. New privately owned shops caters to those with hard currency, but for most people the economic…

Virus responses will severely hurt Morocco’s economy

Location:

MOROCCO

Morocco imposed a lockdown on March 16 and has declared a health emergency. The government has closed all ‘non-essential’ commercial activity and its borders, as well as imposing…

Sri Lanka’s economic crisis is far from resolution

Location:

SRI LANKA

Prime Minister Ranil Wickremesinghe, only appointed in May, has also said he will quit. Wickremesinghe has played a key role in talks with the IMF over a desperately needed…

COVID-19 means economic distress for Pacific Islands

Location:

PACIFIC ISLANDS

However, containment measures will cause social tensions and devastate tourism and fishing, their two key income sources.

COVID-19 crisis will interrupt Dominican GDP growth

Location:

DOMINICAN REPUBLIC

The Dominican Republic and COVID-19.

Remittances will further bolster Mexico’s economy

Location:

MEXICO

Mexico has overtaken China in having the second-highest remittance income in the world, behind only India, which receives around USD100bn per year. Growth has been uninterrupted…

Social costs of dollarisation will be high in Cuba

Location:

CUBA

The economy, however, is in dire straits. Widespread shortages of everyday supplies are reminiscent of the crisis that followed collapse of the Soviet Union in the 1990s. Economic…