report May 20, 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 May 20, 2021 SUB-SAHARAN AFRICA: Macron’s summit outcome not shifting the pandemic dial The declaration issued at the end of the 18 May ‘Summit on the Financing of African Economies’ hosted by French President Emmanuel Macron offers little to write home about as far as African countries’ immediate pandemic management and debt... By Anne Frühauf, Malte Liewerscheidt Teneo
report May 19, 2021 TAIWAN: New outbreak not affecting semiconductor production – so far Taiwan will raise its nationwide virus alert to Level 3 on a four-tier scale, following 1,226 Covid-19 infections since 15 May – almost half of total cases since the epidemic began last year. Taiwan's relative success at controlling the... By Gabriel Wildau Teneo
report May 19, 2021 BRAZIL: Bolsonaro’s weakness explains green “conversion” The Senate inquiry (CPI) into the handling of the Covid-19 pandemic continues to harm President Jair Bolsonaro and his government. Polls already show for the first time a greater number of voters favoring an impeachment than opposing it (49-46%).... By Mario Marconini Teneo
report May 19, 2021 ITALY: From Super Mario to Mario? After a little more than three months in office, Prime Minister Mario Draghi has still not made his mark. There has been no discernible departure from the previous government in key policy areas, like the management of the pandemic... By Wolfango Piccoli Teneo
report May 19, 2021 GERMANY: What does it mean to go Green? The Greens are rapidly emerging as the new centrist player in German party politics and will most likely be part of the next federal government. In its manifesto, the party supports ambitious public investment and a laxer approach to... By Carsten Nickel, Luis Cornago Teneo
report May 18, 2021 CHINA: The era of economic re-balancing is over Recent policy signals indicate that "re-balancing" the Chinese economy away from investment and manufacturing towards consumption and services is no longer a priority. Policymakers now believe that high investment and manufacturing shares of GDP are necessary for achieving techn...... By Gabriel Wildau Teneo
report May 18, 2021 POLAND: Ambitious recovery package aims to revert the decline of United Right The government’s ambitious post-pandemic recovery plan is an attempt to recover public support after a challenging year marked by the pandemic and recurring fractures within the United Right coalition. New spending initiatives could slow down fiscal consolidation in the... Become... By Andrius Tursa Teneo
report May 18, 2021 KENYA: What next for Kenyatta’s BBI plans? Just as political support for the Building Bridges Initiative (BBI) looked unassailable, the high court has ruled it unconstitutional. The ruling represents a major loss for President Uhuru Kenyatta and opposition leader Raila Odinga in their battle to overhaul... By Anne Frühauf, Malte Liewerscheidt Teneo
report May 18, 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 May 18, 2021 INDIA: Covid-19 – neither prevention nor cure as the economy struggles India’s Covid-19 infections have reached rural areas where the health infrastructure is extremely weak. Full universal vaccination is the only answer but given shortfalls in vaccine supplies, this seems a far cry. State governments are responding in the only... By Aditi Phadnis Teneo
report May 17, 2021 CHILE: Highly uncertain horizon following weekend mega-vote The mayoral, municipal council, gubernatorial, and constituent assembly elections held on 15-16 May delivered a major political shock. Establishment parties that have governed the country over the past three decades performed poorly. Radical sectors with a re-foundational agenda... ... By Nicholas Watson Teneo
report May 17, 2021 NIGERIA: Scrapping official FX rate may signal return to Eurobond market The Central Bank of Nigeria (CBN) has tacitly removed from its website information quoting the official exchange rate at NGN 379 per USD, indicating that the CBN may have finally abandoned the official rate. This would be in line... By Malte Liewerscheidt Teneo
report May 17, 2021 WEEKLY POLITICAL COMPASS African and European leaders will gather in Paris. The foreign ministers of Russia and the US will meet in Iceland. Chinahas landed its first rover on Mars. The recent elections in Chile will have varied implications. Meanwhile, India’s PM... By Teneo Macro Teneo
report May 17, 2021 LATAM PULSE This week, in the wake of the weekend’s “mega-vote” – which produced a political earthquake – the battle to succeed President Sebastian Pinera in Chile moves up a gear. In Peru, Keiko Fujimori and her leftist rival Pedro Castillo... By Mario Marconini, Nicholas Watson Teneo
report May 17, 2021 TURKEY: Easing restrictions but luring back tourists will be hard Economic (and political) imperatives continue to shape Turkey’s fight against Covid-19. The vaccination rollout is currently disrupted by supply issues and it is unclear when an adequate provision will be secured. Barring a late rebound, the tourism season this... By Wolfango Piccoli Teneo
report May 17, 2021 ISRAEL: Hamas will not hurt the economy much, but domestic challenges rising Hamas rockets will have negligible effect on Israel’s economy this year. A sustained political crisis and increasing polarization between Israeli Jews and Arabs is a bigger threat. Israel seems destined for a new election, which is unlikely to be... By Jon B. Alterman Teneo
report May 13, 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 May 13, 2021 HONG KONG: Weighing the latest evidence on a potential foreign exodus Recent survey data and anecdotal reports appear to indicate that foreign companies are withdrawing from Hong Kong. But a closer look suggests that Hong Kong will retain its role as a regional financial and business center, especially for companies... By Gabriel Wildau Teneo
report May 13, 2021 MYANMAR: Junta pins its strategy on attrition The level of violence on the streets has dropped in recent weeks compared to February and march. Media and internet are severely curtailed, which could be contributing to the decline in reported fatalities, but there are other more significant... By Bob Herrera-Lim Teneo
