Category: Global

Comment – Default Options

  • The world’s poorer nations are confronted by sharp recessions that threaten to endure.
  • Poverty and inequality are rising rapidly, reversing earlier global income convergence.
  • Public finances are coming under growing duress, and debt distress is mounting.
Read the rest

MACRO: Policy responses to Covid-19

Below is this week’s updated table on the health and economic policies that selected governments around the world are implementing to counter the fallout from Covid-19. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail. … Read the rest

WEEKLY POLITICAL COMPASS

China’s health authorities have discovered new Covid-19 cases. Italy has announced new restrictive measures. Thailand’s parliament will start a special session over anti-government demonstrations. Peru’s President Martin Vizcarra could face another impeachment process. … Read the rest

PBoC likely to keep Renminbi on tight leash

Only four currencies have appreciated by more than 4% versus US Dollar since end-July: the high-yielding South African Rand (4.6%) and Mexican Peso (5.8%), the Chinese Renminbi (4.4%) and Korean Won (5.2%).Read the rest

Historically low inflation is a global phenomenon

It is not just confined to the advanced economies

Inflation in emerging market and developing economies

Historically low inflation is a global phenomenon 4

1.       Inflation fell to extraordinarily low levels in the emerging and developing (EMD) economies in the early stages of the pandemic, before staging a partial recovery.… Read the rest

Global Letter – Cold realities

Broader ramifications of COVID are set to come into sharper relief, not least in the UK.


Tough economic times coming

Commentary in today’s 24/7 news world tends to be intrinsically incremental.… Read the rest

Weekly Political Compass

The G20 are due to decide on the future of the Debt Service Suspension Initiative (DSSI). Diplomatic efforts will continue to halt the dispute between Armenia and Azerbaijan. South Africa’s president will present an economic recovery plan.… Read the rest

MACRO: Policy Responses to Covid-19

Below is this week’s updated table on the health and economic policies that selected governments around the world are implementing to counter the fallout from Covid-19. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail.… Read the rest