TURKEY: Erdogan’s politics of survival
● Political considerations – not science or sound economic analysis – are driving the government’s approach to the Covid-19 outbreak and the related economic challenges. ● An erratic, politicized approach to the health emergency has undermined Covid-19 containment efforts but … Become a member to read the rest of this article Username or E-mail […]
EUROPE: The politics of exit strategies
This piece provides an updated overview of the lockdown exit strategies currently being implemented by selected European governments. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Italy Lockdown timeline: Regional… Become a member to read the rest of this article
SUB-SAHARAN AFRICA: The African Union’s push for debt restructuring
● The temporary debt moratoria for poor countries announced by the G20 and IMF are designed to buy time as the conversation around comprehensive debt restructuring is only about to take pace. ● The African Union (AU) is pushing to extend debt moratoria to more countries and call… Become a member to read the […]
CHINA: Are multinational supply chains exiting China?
● The US-China trade war and the coronavirus pandemic both raised expectations that multinational companies could shift supply chains away from China. ● So far, clear evidence of supply chain migration is scarce. Multinationals are likely to pursue a “China plus one” strategy … Become a member to read the rest of this article
SAUDI ARABIA: Government delivers fiscal adjustment
● Nominal steps Saudi Arabia took in recent years when it did not need to, such as imposing a Value Added Tax and offering bonds on Saudi public sector firms, will become core parts of government strategy going forward. ● The government is balancing between continuing capital … Become a member to read the […]
INDIA: Covid-19 triggers nationalist economic response
Hours after Prime Minister Narendra Modi announced a special economic package worth INR 20trn (USD 266bn or 10% of GDP), Finance Minister Nirmala Sitharaman spelled out some details about whom the financial assistance would support. In addition to the fiscal and monetary (liquidi… Become a member to read the rest of this article