Asian currencies showing some viral resistance
Acceleration in spread of novel coronavirus On 31st December 2019, the World Health Organisation (WHO) was alerted to several cases of pneumonia in Wuhan City in the Hubei Province of China. The virus did not match any other known virus. On 1st January Chinese authoriti… Become a member to read the rest of […]
MACRO/CHINA: Coronavirus threatens local economy and global supply chains
● Travel restrictions, quarantines, extended holidays, and business closures will cause economic disruption in China. ● If the infections outside Hubei proliferate, Chinese factories could shut down, affecting multinational supply chains. ● Foreign governments are showing e… Become a member to read the rest of this article
MOZAMBIQUE: What to expect from Nyusi’s second term
● Familiar cabinet line-up suggests President Filipe Nyusi’s second term will look much like the first. However, the backdrop differs for these reasons: ● While Nyusi’s first term was characterized by a corruption-induced financial crisis, the economy and the mega-LNG projects… Become a member to read the rest of this article
Chart of the month – Monetary policy in advanced economies – January 2020
Central bankers made a significant volte-face in 2019 … but they now retain limited latitude to respond to new negative shocks 1. Slower economic growth and sagging inflation prompted a broad shift towards monetary easing in 2019. The decelerat… Become a member to read the rest of this article
PERU: A fragmented caretaker congress (with some unsettling features)
Vote counting is still ongoing following the 26 January congressional elections for the 2020-2021 period. In Lima – the biggest electoral district by far with 33% of voters – the National Office of Electoral Processes (ONPE) has yet to process around 10% of ballots. In the absenc… Become a member to read the rest […]