A lightning fast shift from tentative attempts to stem budget deficits across the developed world post-2008 to an all-out fiscal bazooka over recent months has seen debt levels skyrocket to more than 320% of global GDP.
9 Apr 2020
As the lockdown continues in Hungary, the impact on the economy is beginning to filter into the data, with inflation slowing to 3.9% in March. Whilst food prices provide upward pressure in the short-term, the falling cost of fuel and services has yet to be accounted for in this month’s statistics, according to Peter Virovacz, Senior Hungary Economist at ING
9 Apr 2020
Kenya’s economy, like many of its peers on the continent, is being hit hard by the COVID-19 pandemic, with analysts revising the country's growth prospects downward.
8 Apr 2020
The National Central Cooling Company PJSC, better known as Tabreed, acquired an 80% stake in Emaar-owned Downtown Dubai district cooling business from the real estate giant in a deal valued at AED2.48bn, a deal fund managers described as a win-win.
7 Apr 2020
The onset of the coronavirus and a slump in the oil price is leading to a rise in the likelihood of multi-notch sovereign downgrades.
7 Apr 2020
PMI readings for the UAE, Saudi Arabia and Egypt treaded further into negative territory this week as businesses continue to come to grips with declining sales and supply chain disruptions.
6 Apr 2020
EM may get a little support from a potential OPEC+ deal to limit oil. Even if a deal is struck, the impact is likely to be fleeting as the global growth outlook remains terrible. We remain negative on EM for the time being. Head of EM Strategy Win Thin's take on key data drivers this week.
6 Apr 2020
The asset class continues to see significant outflows as a flight to safety escalates, with the vast monetary and fiscal stimulus programmes announced by global governments in recent weeks failing to convince markets of brighter near-term prospects. But investment opportunities may become more pronounced sooner than people think, investors say.
3 Apr 2020
China's manufacturing PMI and non-manufacturing PMI moved above 50 in March, according to the official state data, an important sign of improving domestic production and consumption, despite continued pressures on the economy.
31 Mar 2020
As the epicentre of the coronavirus outbreak, China was the first to suffer its devastating impact as the country went into lockdown and its economy ground to a halt. But will China be able to launch a sustained bounceback, as it did after the 2008 financial crisis? According to Logan Wright, Director and Daniel Hosen, Partner at Rhodium Group, China no longer has the option of launching a…
31 Mar 2020