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Foreign exchange shortages will persist in Guyana

Location:

GUYANA

These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…

Argentine elections will drive monetary expansion

Location:

ARGENTINA

The Central Bank's 2015 monetary programme.

Argentine economic outlook will worsen this year

Location:

ARGENTINA

The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…

Japan's government will cushion exchange rate impact

Location:

JAPAN

It has also been trading at year-long lows against the euro, pound and other major currencies. Japan's leaders used to assume that a weaker currency was good for the country…

Argentine export decline puts pressure on finances

Location:

ARGENTINA

Despite imports falling due to the economic downturn and import and foreign exchange controls, Argentina's trade surplus in 2014 fell by one-sixth to 6.7 billion dollars. Export…

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Argentine economic shifts will not bring rapid relief

Location:

ARGENTINA

In his first month in office, President Mauricio Macri made substantial progress in removing controls implemented by the former administration. The new government liberalised the…

Monetary tightening carries high cost in Argentina

Location:

ARGENTINA

Despite its commitment to a floating exchange rate, the government has been forced to prioritise exchange rate stabilisation. After the change of Central Bank (BCRA) authorities…

Post-election Argentine economy appears unsustainable

Location:

ARGENTINA

However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…