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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…

New Zealand COVID-19 fightback prospects are positive

Location:

NEW ZEALAND

The government has locked the country down for four weeks and legislated to borrow up 52 million dollars (30.7 million US dollars), equivalent to 17% of GDP. The Reserve Bank of…

Downturn in Greece and abroad will sap property market

Location:

GREECE

This second extension is due to a slower-than-expected fall in cases in the COVID-19 pandemic’s second wave: 904 new infections were reported in the previous 24 hours yesterday…

ASEAN electronics industry competition will grow

Location:

ASEAN

Electronics and ICT investment outlook in ASEAN states.

Post-lockdown prospects look bleak in Argentina

Location:

ARGENTINA

With numbers of confirmed COVID-19 cases and deaths still relatively low, there is strong support for the restrictions in place despite their economic cost. The gradual reopening…

Poorer middle class is a constraint on Russian growth

Location:

RUSSIA

One study suggests that 1.5 million middle-class people lost their jobs in 2020. Despite government assistance programmes to keep employees in work and ease home-buying, the…

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…

Prospects for the global economy to end-2020

Location:

PROSPECTS 2020 H2

COVID-19 dominates the scenarios for the next six months, which range from a swift sharp recovery to another dramatic fall in activity. Policy responses, financial markets…

The Fed will be very cautious about policy tightening

Location:

UNITED STATES

The Fed targets an average annual inflation rate of 2% but, under its 2020 monetary policy framework, will tolerate a moderate overshoot to make up for past low inflation. The Fed…

Russia extends cheap mortgages to boost construction

Location:

RUSSIA

The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…