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Politics will not mar Paraguay's economic outlook

Location:

PARAGUAY

The Central Bank has revised upwards its 2017 growth forecast from 3.7% to 4.2%. Forecasts by the IMF and World Bank remain lower at around 3.3% and 3.6% respectively, based…

Puerto Rico control board will squeeze debt holdouts

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PUERTO RICO

The announcement would mark the largest subnational bankruptcy in US history, with Puerto Rico facing debt obligations of 73 billion dollars from an array of public entities and…

Early Jamaica election likely despite COVID-19 impact

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JAMAICA

The authorities have implemented a range of measures to prevent transmission, introduced a large fiscal stimulus package and established a multi-stakeholder task force to oversee…

Italy’s Conte will not fully implement fiscal plan

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ITALY

The new government’s investiture vote in parliament on June 5-6 was preceded by massive volatility in financial markets. Its fiscal plan appears unsustainable and its views on EU…

Mexican public indebtedness will remain restrained

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MEXICO

The government’s prudence should allow it to maintain Mexico’s investment-grade rating, despite lacklustre economic growth and the downgrading of state-owned oil firm Pemex.

Puerto Rican debt restructuring will see legal hurdles

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PUERTO RICO

The same day saw the release of a report, authored by former IMF economists, outlining a programme of structural reform and sweeping debt restructuring. Puerto Rico has seen its…

Oman and Bahrain are the most vulnerable Gulf states

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BAHRAIN/OMAN

Oman and Bahrain, already struggling with rising public debt levels and high fiscal deficits, are in the most exposed medium-term position.

Argentina stabilisation plan will prove challenging

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ARGENTINA

With Milei now predicting six months of stagflation and up to two years to reduce inflation from triple digits, dollarisation appears to have been shelved. Instead, he seems…

Greece’s virus recovery forecasts are over-optimistic

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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…

Turkish state banks’ use for policy may harm stability

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TURKEY

State banks’ increased use as policy instruments.