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The impact of the pandemic and especially lower oil prices hit the government budget hard, since more than nine-tenths of revenue comes from oil sales. However, the country also…
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DOI: 10.1108/OXAN-DB261921
ISSN: 2633-304X
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During January-September, amid restrictions and social distancing, the economy contracted by just 4.6% year-on-year, helped by the resilience of certain sectors and supportive…
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DOI: 10.1108/OXAN-DB257601
ISSN: 2633-304X
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Both the IMF and the UN Economic Commission for Latin America and the Caribbean forecast growth of 2.0% this year, driven by tourism. Tourism accounts indirectly for almost 40% of…
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DOI: 10.1108/OXAN-DB275764
ISSN: 2633-304X
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Peru’s previously buoyant economy has been badly affected by the COVID-19 pandemic, contracting by around 13.38% in the first ten months of this year. Investment has been hit, as…
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DOI: 10.1108/OXAN-DB258234
ISSN: 2633-304X
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Geographic
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COVID-19 UK economic impact.
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DOI: 10.1108/OXAN-DB251567
ISSN: 2633-304X
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Italy's economy.
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DOI: 10.1108/OXAN-DB251405
ISSN: 2633-304X
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Prospects for Turkey to end-2020.
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DOI: 10.1108/OXAN-DB253292
ISSN: 2633-304X
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Geographic
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The contraction preceded the impact of the COVID-19 outbreak. The large inherited fiscal deficit and rising debt-to-GDP ratio are forcing the new government to take unpopular…
COVID-19 lockdown measures and low oil prices are weighing on the economy, which the IMF expects to contract by 6.7% this year. According to the IMF, Ecuador’s gross financing…
Unemployment insurance claims have risen sharply during the pandemic. The Labor Department will release its latest data later today: total claims are likely to involve 30 million…