report August 5, 2021 EUROPE: Managing the pandemic – what we are watching This updated weekly piece provides snapshots of how selected European governments are dealing with the ongoing Covid-19 pandemic. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Graph... By Andrius Tursa, Antonio Barroso, Carsten Nickel, Luis Cornago Teneo
report August 5, 2021 EMERGING MARKETS: Covid-19 Vaccination Strategies and Challenges Our Covid-19 vaccination table includes updated information on the immunization strategies selected EMs are pursuing and the challenges they face. Below are some of this week's key developments. Please do not hesitate to contact us if you want to... By Teneo Macro Teneo
report August 5, 2021 MALAYSIA: Confidence vote is not a straight line to a political solution To de-escalate the current political crisis, Prime Minister Muhyiddin Yassin announced yesterday that he would seek a confidence vote next month when parliament resumes session. According to the prime minister, the monarch has given his assent. Yassin did not... By Bob Herrera-Lim Teneo
report August 5, 2021 LATAM: Election recap and prospects Elections across the region in 2021 have delivered a complex patchwork of anti-status quo voting, minority governments, and political fragmentation, while also showing a continued susceptibility to authoritarian populism. These trends are likely to continue in the rest of... By Nicholas Watson Teneo
report August 3, 2021 MACRO: Policy responses to Covid-19 Below is our weekly summary table on the health and economic policies that selected governments around the world are implementing to counter the fallout from Covid-19. The updated table includes information about each country's vaccination strategy. Please do not... By Teneo Macro Teneo
report August 3, 2021 PHILIPPINES: The symbolic marker to the end of Duterte’s China pivot The Philippine government announced during the visit of US Defense Secretary Lloyd Austin on 30 July that Manila was retracting its February 2020 termination of the 1999 Philippines-USA visiting forces agreement (VFA). During a press conference yesterday, 2 August,... By Bob Herrera-Lim Teneo
report August 3, 2021 EUROPE: CEE PULSE Relatively low immunization rates and gradually rising Covid-19 infections in Central and Eastern Europe (CEE) raise concerns about the new wave of the pandemic. This week, Bulgarian parliament will vote on the government of Prime Minister-designate Plamen Nikolov, nominated... By Andrius Tursa Teneo
report August 2, 2021 CHINA: Politburo signals shift towards policy easing – with a few exceptions The Communist Party's top policymaking body, the Politburo, held its quarterly meeting on the economy on 30 July. The official readout shows the leadership growing more concerned about slowing growth and shifting towards policy loosening. The shift will be... By Gabriel Wildau Teneo
report August 2, 2021 LATAM PULSE This week, Peru is likely to see more political tumult after Pedro Castillo's stormy start as president, though the belated appointment of a moderate to the finance ministry could help offset market jitters. Brazil 's inquiry into the government's... By Mario Marconini, Nicholas Watson Teneo
report August 2, 2021 PERU: Chaotic start could mean constant political crisis under Castillo The belated addition of the former World Bank economist Pedro Francke to President Pedro Castillo's cabinet late on 30 July represents a positive development following a tumultuous couple of days. Francke had initially balked at serving under Castillo's pick... By Nicholas Watson Teneo
report August 2, 2021 WEEKLY POLITICAL COMPASS China's securities regulator has called for better communication with its US counterpart. Peru's newly appointed Finance Minister might help calm markets. Meanwhile, India's central bank is expected to leave key rates unchanged, Bulgaria's parliament will vote on the new... By Teneo Macro Teneo
report July 30, 2021 GHANA: Promise to stay on target, but fiscal risks loom large On 29 July, Finance Minister Ken Ofori-Atta presented the mid-year budget review - an annual exercise mandated by law - in parliament. Unlike in previous years, Ofori-Atta did not introduce additional taxes to make up for a revenue shortfall... By Malte Liewerscheidt Teneo
report July 30, 2021 SOUTH AFRICA: Spending for social peace To keep the peace, the government has announced fiscal support for the poor and business in the wake of recent unrest; it has also averted a potentially disruptive public-sector strike by finalizing a wage deal. The government has been... By Anne Frühauf Teneo
report July 30, 2021 CHINA: Education crackdown is part of broader ‘common prosperity’ agenda China's cabinet announced sweeping new policies to regulate the after-school tutoring industry, motivated by concerns that the industry preys on parents' anxieties about academic competition and leaves children overworked. The crackdown is part of the government's latest effort ...... By Gabriel Wildau Teneo
report July 30, 2021 MALAYSIA: How much longer can Prime Minister Muhyiddin Yassin hold on? A rare public rebuke from the monarch on 29 July has further weakened Prime Minister Muhyiddin Yassin and significantly raised the probability that he will be forced to resign. However, with parliamentary and party politics at a practical standstill,... By Bob Herrera-Lim Teneo
report July 29, 2021 EUROPE: Managing the pandemic – what we are watching This updated weekly piece provides snapshots of how selected European governments are dealing with the ongoing Covid-19 pandemic. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. Graph... By Andrius Tursa, Antonio Barroso, Carsten Nickel, Luis Cornago Teneo
report July 28, 2021 RUSSIA/UKRAINE: US-German deal on Nord Stream 2 gives Moscow leverage over Kyiv The US-German agreement allowing the completion of the Nord Stream 2 pipeline represents a political victory for Moscow. Nord Stream 2 is expected to substantially lower Russian gas shipments through Ukraine after 2024 thereby limiting Kyiv's revenue from transit... By Andrius Tursa Teneo
report July 28, 2021 PERU: Castillo honeymoon unlikely to last as major obstacles and tests loom Pedro Castillo will be sworn in as president today, 28 July. Castillo should also unveil his cabinet later in the day. The policy outlook is hazy and it is far from clear how Castillo can push ahead with his... By Nicholas Watson Teneo
report July 28, 2021 ZAMBIA: High-stakes elections The main concern about the 12 August general elections is to what extent they will be free and fair, increasing the risk of electoral violence and disputes. Although the presidential poll should be opposition leader Hakainde Hichilema's to lose,... By Anne Frühauf Teneo
report July 27, 2021 US/CHINA: Tianjin meeting yields no progress but may prevent deterioration US Deputy Secretary of State Wendy Sherman met Foreign Minister Wang Yi in the northern port city of Tianjin on 26 July. As with the meeting of top diplomats in Anchorage in March, the meeting yielded no policy outcomes,... By Gabriel Wildau Teneo
