Author: Editor
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Argentina Macro Brief: May 2025
Stabilisation, liberalisation, and a renewed search for Argentina’s hidden ‘mattress dollars’. Argentina is now entering a new phase of reforms and rebuilding but a quieter campaign is also underway: coaxing billions in undeclared cash back into the formal economy. This could be transformative. Monetary Policy The Central Bank cut rates again in April - this…
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May 2025
More talks. Few details or positive signs have come from them but the fact that they are still ongoing shows both sides’ willingness to see what concessions are on the table. The US Administration is confused about what those might be. More bad news on the economy underscores the need for economic concessions but not…
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May 2025
More talks. Few details or positive signs have come from them but the fact that they are still ongoing shows both sides’ willingness to see what concessions are on the table. The US Administration is confused about what those might be. More bad news on the economy underscores the need for economic concessions but not…
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Indonesia Macro Brief: May 2025
Headlines have centred on Indonesia’s trade tensions with the US, particularly around the paused 32% ‘reciprocal’ tariffs on Indonesian exports. Those tensions have sparked capital outflows and weighed on the Rupiah. Still, perspective is key. Exports to the US make up just 2% of GDP, and beneath the noise, the macro backdrop remains broadly stable.……
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China Macro Brief: May 2025
China appears to have successfully called President Trump’s bluff over his “Liberation Day” tariffs, but negotiations are ongoing and there remains potential for further upset. Not content to simply hope for a favourable outcome from such negotiations the State Council announced a raft of monetary policy measures intended to stabilise and calm the markets.… Read…
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Brazil Macro Brief: May 2025
Another hike in the Selic rate, now at its highest since 2006. A slight drop in inflation. And a sharper-than-expected rise in unemployment. On trade, the government has imposed a range of protectionist tariffs to support domestic manufacturing, while concerns are mounting over the potential for Chinese goods to flood the market in the wake…
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May 2025
Egypt is, once again, at a crossroads. It finds itself caught between political pressure, economic fragility, and regional security risks. Relations with the US have hit a new low, sparked by Trump’s jab over toll-free Suez Canal passage and Washington’s firm backing of Israel in the Gaza war. Cairo’s response? A firm defence of its…
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May 2025
Egypt is, once again, at a crossroads. It finds itself caught between political pressure, economic fragility, and regional security risks. Relations with the US have hit a new low, sparked by Trump’s jab over toll-free Suez Canal passage and Washington’s firm backing of Israel in the Gaza war. Cairo’s response? A firm defence of its…
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May 2025
US-Nigeria relations have taken a sharp hit with Trump back in the White House. Visa restrictions and aid cuts are sending a clear message that things are shifting – and Nigeria is feeling it, especially in healthcare where US funding was critical. Economically, a slight dip in inflation isn’t fooling anyone.… Read the rest
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May 2025
US-Nigeria relations have taken a sharp hit with Trump back in the White House. Visa restrictions and aid cuts are sending a clear message that things are shifting – and Nigeria is feeling it, especially in healthcare where US funding was critical. Economically, a slight dip in inflation isn't fooling anyone.…… Read the rest