Trade
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM and other risk assets stabilized to end the week after Thursday’s selloff, but remain vulnerable. The risks ahead are the same as before, which include a second wave of infections as well as a longer and shallower than expected recovery in global growth. The Fed’s message of low rates as far as the eye can see was balanced by Powell’s grim outlook for unemployment. The liquidity story should…
15 Jun 2020
Turk Eximbank Inks USD678mn Loan to Help Domestic Exporters
Turkey’s export credit agency secured a USD678mn syndicated loan from a group of domestic and international lenders, according to a social media post published by the country’s Trade Minister.
19 May 2020
Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead
EM and risk assets rallied last week, due in large part to increased Fed stimulus as well as plans by OPEC+ to cut oil production. This really may carry over into this week and yet when all is said and done, the global economy won’t avoid recession and the economic numbers are likely to worsen significantly before they get better.
13 Apr 2020
COVID-19 Could Restart US-China Trade Tensions – Control Risks
With the US likely to fall into a recession combined with widespread social disruption caused by the lockdown, Trump’s re-election this November appears uncertain. Far from soothing tensions between the US and China, the pandemic has heightened them.
27 Mar 2020
Which SSA Economies are Most Vulnerable to COVID-19?
Africa appears so far – at least according to official statistics – to have contained the spread of COVID-19, with SSA reporting fewer than 300 confirmed cases. But this does not mean the region will be able to ride out the storm and avoid the economic and health impact seen elsewhere.
24 Mar 2020
Data Shows Emerging Market Trade Benefitted Despite Rise in Protectionist Rhetoric – Ashmore Group
New data suggests intra-emerging market trade grew well above the long-term trend since 2016 despite intensifying global protectionist currents and trade wars.
9 Mar 2020
Latin America 2020: The Good, The Bad, and The Ugly
Take a good look at Latin America’s 21 countries today, and one quickly concludes that this is not a region moving in unison but rather a patchwork of divergent political and economic motors firing at different speeds, taking each in different directions. Rarely has it been this challenging to analyze Latin America as a whole, so it seems appropriate to showcase Latin America’s differences…
11 Feb 2020
Africa-Russia Economic Linkages Will Struggle to Expand Beyond Security, Arms, Soviet Vestiges
There seemed to be no shortage of talk in 2019 around bolstering commercial and trade links between Russia and a number of African countries, but after high-level summits and dozens of press releases, industry observers see limited scope to expand those economic linkages beyond security, arms, and soviet vestiges.
28 Jan 2020
Commercial Deals Totalling GBP6.5bn Between UK and Africa said to ‘Underwhelm’ Following High-Profile Summit
The UK and African governments launched a series of new initiatives during a high-profile investment and trade summit hosted in London this week, but despite the hype around the potential for post-Brexit free trade opportunities, some observers remain relatively underwhelmed.
23 Jan 2020
China Showing Signs of Economic Recovery is Positive for Emerging Markets
Real GDP growth in China is starting to show signs of stabilisation, with the latest print showing output stayed steady at 6% in 4Q2019 and a raft of other indicators surprising on the upside.
22 Jan 2020
CDC Group Inks USD400mn in New Deals As UK-Africa Investment Summit Kicks Off
UK-based development finance institution CDC Group has announced a raft of new deals with Africa-based counterparts totally USD400mn, mostly to support small and medium-sized businesses across the continent.
21 Jan 2020