JAPAN/SOUTH KOREA: Japan threatens retaliation if seized assets sold off
A South Korean court is preparing to sell assets seized from Nippon Steel in order to compensate former forced laborers and their descendants. While the sale could take time, Japan has promised dramatic retaliation if the assets are sold. The dispute stems from a fundament… Become a member to read the rest of this […]
EUROPE: CEE PULSE
Serbia has launched a controversial investigation into the financing of civil society organizations critical of the government. In Bulgaria, Prime Minister Boyko Borisov is seeking appease continuing public discontent by reshuffling the government and rolling out new economic sup… Become a member to read the rest of this article
Argentina: The Week at a Glance
The Spread Hops Back on Stage By the end of last week, the dollar exchange rate in its MEP and Blue Chip Swap versions surpassed the 120-peso barrier again and closed with a spread over 70% against the official rate. This week, the market opened on the rise with BCS over 126 peso… Become […]
Economic Risks
The recovery process proves beholden to course of the virus Policy support is insufficient and withdrawn too soonUnderlying growth potential is further significantly reducedBalance sheet weaknesses spark a cascade of EM defaultsA ‘no-deal’ Brexit leaves the UK ‘the sick man… Become a member to read the rest of this article
MACRO: Exit Strategies & Economic Policy Outlook
Below is this week’s exit strategies table, which also includes updated information on the policies that selected governments around the world are implementing to counter the economic fallout from Covid-19. Please do not hesitate to contact us if you want to discuss any of the c… Become a member to read the rest of […]
Warnings about US economy and USD overblown
The United States’ post-war record GDP contraction in Q2 of 9.5% qoq and the Dollar’s recent depreciation have been making headline news but some perspective is required. The US GDP contracted about 10.6% in H1 2020, far more than in China (+0.6%) and South Korea (-4.6%). Howeve… Become a member to read the rest […]
JAPAN: Prefectures move to contain surge as Abe government deliberates
Prefectural governments have moved to impose new restrictions as Covid-19 cases have continued to rise across the country. While the Abe government’s medical advisory panel has warned that without action a significant spike that threatens the medical system is possible, th… Become a member to read the rest of this article