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Russia's leaders fear public wrath more than Omicron

Location:

RUSSIA

A parallel bill requiring people to show electronic QR codes for train and air travel has been withdrawn. Both bills were halted by public opposition and President Vladimir…

Caribbean tourism will struggle to recover from crisis

Location:

CARIBBEAN

While some of the larger tourism markets in the region such as the Dominican Republic, Cuba and Puerto Rico are attempting to follow suit, they face the risk that returning…

IMF unlikely to resolve Zambia's debt conundrum

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ZAMBIA

While the G20's new Common Framework for Debt Treatments provides a new mechanism for debt restructuring, it also requires Zambia to convince the IMF that it has disclosed all of…

COVID-19 will cut tourism to Greece this year

Location:

GREECE

Restrictions on the economy’s vital tourism branch are being lifted. However, airports outside Athens and Thessaloniki stay closed until June 30. Passengers from low-risk…

Russian income slide will hurt poorest borrowers

Location:

RUSSIA

This will affect consumer borrowing as people become unable to afford new loans or repay old ones, and the housing market may experience a slump. Low-interest loan schemes to stop…

South Africa’s tourism sector set for more turbulence

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SOUTH AFRICA

Tourism has been identified as a priority sector to drive economic recovery in the government’s recent strategy, as well as in the recovery strategies agreed by business and…

Shallower recession will not boost Russia's GDP hopes

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RUSSIA

The ministry's optimism is based on a recovery in global oil prices, the limited effects of COVID-19 lockdown measures on industries and businesses, and a rebound in domestic…

Romanian fiscal and external deficits will remain wide

Location:

ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

Prospects for South Africa to end-2020

Location:

PROSPECTS H2 2020

Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…

A full public debt restructuring overhaul is unlikely

Location:

INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…