Opinion
TURKEY INSIGHT: Base effect delivers industrial growth after year of decline but official data continues to bewilder
Import compression is over. Officials are turbo-charging GDP. Lira is held in ‘dirty float’. Turks insist inflation is still high. Authorities are telling them they're wrong. Economics anoraks shouldn't miss an episode of the Erdogan experiment.
IIF: 2020 the climate super-year
The growing importance of environmental, social and governance (ESG) performance to investors (and ultimately to voters) is one of the most important forces shaping the new global economy. CO2 emissions must peak next year or we are in trouble.
IMF ups the ante, demands government try and recover $15bn stolen from banks
During the bank sector reform more than $15bn was stolen by the owners, including $7.6bn stolen by oligarch Ihor Kolomoisky from Privatbank. The IMF has demanded the government tries to recover some of this before granting a new deal.
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TURKEY AT A CROSSROADS: Erdogan administration facing possibly decisive economic and political horizons
Notes from BlueBay Asset Management economist Timothy Ash on his latest visits to Istanbul and Ankara.
TURKEY INSIGHT: Erdogan’s upcoming White House photocall whetting appetite of equity hit-and-runners
Beware, says analyst, “When a country's ruler resembles King Lear out on a moor in the storm, any calm is temporary and deceptive”.
EBRD: Pace of emerging Europe economic growth slows as global outlook weakens
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc
AFC: Capital Markets Reform is now a priority of Uzbekistan’s government
On October 7, 2019 Uzbek president Shavkat Mirziyoyev held a meeting with several ministers, including the Capital Markets Development Agency, where he directed them to “consolidate all relevant laws into a single simple capital market law
IIF: IMF meetings, not as bad as you think
Investors and policymakers finished the International Monetary Fund (IMF), World Bank annual general meetings in October on a more positive note than expected.
TURKEY INSIGHT: Strongman Erdogan takes on the markets. Rate cuts add up to 1,000 bp since he fired central bank governor
Officials unleashing flood of cash in bid to reboot economy and president's popularity. Analysts are wary.
ALACO DISPATCHES: Latvia seeks to rebuild tarnished banking reputation
International scrutiny and intervention have prompted the Latvian authorities to clean up the scandal-plagued financial sector, but the jury is still out on whether they have managed to do enough thus far.
CAPITAL ECONOMICS: Russian retail sales set for a tepid recovery
The weakness in Russian retail sales looks close to bottoming out, but any turnaround will be modest. This is one reason to think that the overall recovery in GDP growth will be weak and that the central bank’s easing cycle is likely to be deeper tha