Day: February 1, 2021


Argentina: The Tailwind and the Deficit

With the vaccination processes underway in most of the world, the general feeling is that the worst of the pandemic is behind us, although there is a way to go that will probably take much of 2021. The world grows at 5.5% in 2021 and the emerging markets even more.… Read the rest


SUB-SAHARAN AFRICA: Eurobond Political Risk Monitor

Our Eurobond Political Risk Monitor, presented in the attached table, provides a go-to guide of the main political and policy issues in 17 sub-Saharan African (SSA) sovereigns that have issued Eurobonds as of January 2021. In this edition, our ‘Spotlights’ section assesses the risk of debt distress facing SSA Eurobond debtors as the Covid-19 pandemic enters its second year.… Read the rest



The political effects of the coup in Myanmar will be damaging. The Commission’s chaotic attempt to weaponize the Northern Ireland protocol has badly undermined the EU’s political credibility. A Chinese cell phone manufacturer filed a complaint in a US federal court.… Read the rest

MYANMAR: A decade comes undone

  • The state of emergency will last one year but what the military hopes to achieve in that period is unclear.
  • The military may avoid interfering with economic policies and investments to temper the negative effects of the takeover, but it will need to establish its credibility as an economic manager still.
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