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Puerto Rican politics will not lead to debt solution

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PUERTO RICO

The island is in a debt crisis, with the governor acknowledging that it cannot pay off all its debt. While the overall debt burden is not excessive by national standards, a…

Recovery will be slow after Peru's sharp contraction

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PERU

A second wave of the pandemic is currently under way and will prolong these impacts, delaying recovery this year. The slow roll-out of available vaccines will further extend the…

Elections may end attempts at orthodoxy in Argentina

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ARGENTINA

Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…

Babis’s defeat will shift Czech politics rightwards

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CZECH REPUBLIC

The country is on the threshold of great political change, voters having delivered a resounding ‘no’ to the ruling Ano ('Yes') movement and voted the Social Democrats and…

Primaries will launch tense Argentine electoral cycle

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ARGENTINA

The primaries, pushed back from this month to September 12, will generate few surprises but offer an opportunity to gauge the relative support of each coalition ahead of the…

Peso debt fears will mount pre-election in Argentina

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ARGENTINA

After financial turbulence in the first half of 2022, the economy stabilised in the second half, and the government is estimated to have met IMF policy targets for 2022. However…

Second COVID wave will worsen Argentina debt outlook

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ARGENTINA

Amid signs of mild economic recovery, the government is seeking to postpone debt payments to the IMF and Paris Club. Fiscal adjustment is already underway, but the government…

Midterm polls will knock Argentine budget off course

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ARGENTINA

The debate has been delayed by November 14 midterm elections. However, the budget has already been criticised both by the opposition, which considers the forecasts excessively…

Post-pandemic recovery will be protracted in Peru

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PERU

Peru’s previously buoyant economy has been badly affected by the COVID-19 pandemic, contracting by around 13.38% in the first ten months of this year. Investment has been hit, as…

Incoming Philippine leader will rely greatly on deputy

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PHILIPPINES

He won the May 9 presidential election and his running mate Sara Duterte secured victory in the vice-presidential poll. Marcos has already announced several cabinet picks…