Africa Economics Update Zambia’s return to debt sustainability still elusive One year into Hakainde Hichilema’s presidency, Zambia has taken key steps on the path out of a sovereign default, including securing an IMF deal this month. But with debt restructuring talks yet to... 13th September 2022 · 4 mins read
Africa Economics Weekly Zambia debt, SA data and stimulus, election challenges Analysis from the IMF this week suggests that, even with debt relief in the pipeline, putting Zambia’s public debt on a sustainable footing will be a tall order. Meanwhile, data this week have raised... 9th September 2022 · 7 mins read
Africa Economics Weekly Zambia’s IMF deal sealed, reading tea leaves from SA data This week’s rubber-stamping of Zambia’s IMF deal is certainly a welcome step but, with crucial sovereign debt restructuring details unknown, it remains unclear if it will prove to be sufficient to... 2nd September 2022 · 7 mins read
Africa Economics Weekly Angola’s elections, SA price pressures, Ethiopia’s debt President João Lourenço is on course to secure another term following this week’s elections in Angola. With the political backdrop little changed, we think that the economy will revert to its low... 26th August 2022 · 6 mins read
US Economics Update Student loan changes arguably a fiscal tightening President Biden has finally unveiled a plan to forgive some student debt via executive order. But the accompanying announcement that the pandemic-era moratorium on student debt will definitely expire... 25th August 2022 · 2 mins read
Latin America Economics Update Chile’s current account, the peso and FX debts The further widening of Chile’s current account deficit in Q2 combined with an increased reliance on portfolio inflows leave the Chilean peso vulnerable to a deterioration in investor risk appetite... 24th August 2022 · 6 mins read
Africa Economics Weekly Kenya’s elections, Bank of Ghana in panic mode Deputy President William Ruto was this week declared winner in Kenya’s presidential election, but the result is being challenged and the threat of violence lingers. Even if that is avoided, Mr. Ruto... 19th August 2022 · 9 mins read
Global Economics Update Private sector well placed for higher rates in major DMs In addition to revealing that higher interest rates had barely affected household and corporate finances, national accounts data for Q1 suggested that, with the exception of households in a handful of... 19th August 2022 · 5 mins read
China Economics Update FX reserves are no magic bullet in a debt crisis The foreign exchange reserves of the People’s Bank would be of little use in the event of a debt or banking crisis in China. The bulk of the costs of any clean-up would ultimately still be paid by the... 25th June 2014 · 1 min read
China Economics Update Is China gearing up for its own lost decade? There are many parallels between the current lending boom in China and that in the late-1980s which brought down Japan’s economy. But there are several reasons to think China will avoid the same fate. 18th November 2009 · 4 mins read
