Chart of the week
Problem based learning

Sign up and get unlimited access to our articles. It’s free and easy.

Latest articles
Global
Africa
Europe/CIS
Asia
MENA
LatAm
Macro Analysis / Global

Figures of the week: Mobility in some African countries has recovered to pre-pandemic levels

The onset of the pandemic changed movement patterns across the world. Figure 1 shows how mobility in residential areas has changed since the onset of the pandemic. The figure shows how visits and length of stay vary compared to a baseline value for t...
Brookings
Brookings Programs - Global Economy and Development 21 October 2020
Figures of the week: Mobility in some African countries has recovered to pre-pandemic levels
Figures of the week: Mobility in some African countries has recovered to pre-pandemic levels
Macro Analysis / Global

A look at the 2020 Wells Fargo Retirement Study

A discussion on the 2020 Wells Fargo Retirement Study with Nate Miles, Head of Retirement at Wells Fargo Asset Management. Nate: Not surprisingly, we found that those impacted by COVID-19 are more pessimistic about their life in retirement, with many...
Wells Fargo
Wells Fargo Asset Management 21 October 2020
Macro Analysis / Global

Brookings launches the Center for Sustainable Development

Washington, D.C. — The Brookings Institution today announced the establishment of the Center for Sustainable Development (CSD), naming John W. McArthur its director. At Brookings, we are deeply committed to doing our part to advance the Sustainable D...
Brookings
Brookings Programs - Global Economy and Development 21 October 2020
Brookings launches the Center for Sustainable Development
Brookings launches the Center for Sustainable Development
Macro Analysis / Mexico

Mexican unemployment ticks lower, driven by formal sector

In contrast to recent months, job gains concentrated in the formal sector (63.4% of the total), with a decline of the informality rate to 54.9% from 55.1% in August. All in all, this implies that overall employment levels remain 4.6 million below tho...
Banorte Juan Carlos Alderete Macal
Juan Carlos Alderete Macal @ Banorte 21 October 2020
Mexico unemployment rate ticks lower, driven by formal sector
Mexico unemployment rate ticks lower, driven by formal sector
Sovereign Analysis / Ukraine

Ukraine: Another IMF review, another delay

It is now reasonably well known that the IMF’s programme review is delayed. It is no secret the IMF is concerned about threats to the National Bank of Ukraine's (NBU) independence following the resignation of Governor Smoliy in July and the circumsta...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 21 October 2020
Ukraine: Another IMF review, another delay – notes from virtual meetings
Ukraine: Another IMF review, another delay – notes from virtual meetings
Strategy Note / United States of America

Google anti-trust implications for mega Tech and EMs in its shadow

Nevertheless, greater anti-trust regulatory scrutiny for mega Technology adds to other worsening risk factors this year: nationalist regulation, China-Taiwan territorial friction, and much dearer valuation multiples. Investors continue to look throug...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 21 October 2020
Google anti-trust implications for mega Tech and EMs in its shadow
Google anti-trust implications for mega Tech and EMs in its shadow
Problem based learning

Sign up and get unlimited access to our articles. It’s free and easy.

This evening's briefing

Renminbi hits highest level in two years against dollar.
We think the factors behind this appreciation persist; eg faster growth in China than in the US, portfolio inflows, loose US monetary policy and the Democrats' favourable prospects, with trade tensions likely to lessen in the event of Joe Biden victory. Get the full story →
Renminbi hits highest level in two years against dollar.
China leads the way on vaccine diplomacy.
China has promised access to its Covid vaccines across emerging markets as it focuses its diplomatic efforts on countries neglected by a distracted US. In a recent trip across Southeast Asia, China’s foreign minister Wang Yi said that China will prioritise Malaysia, Thailand, Cambodia and Laos for vaccines. Beyond Asia, China also has plans for countries in Africa and has pledged a US$1bn loan to Latin American and Caribbean countries to fund vaccine procurement. We will monitor whether China will be able to fulfill its grand promises in the global race, but our current research indicates vaccine pre-purchases still heavily favour developed economies. Get the full story →
China leads the way on vaccine diplomacy.
Armenia and Azerbaijan foreign ministers will meet US Secretary of State Mike Pompeo in Washington on Friday.
Russia has driven mediation efforts until now, but the two ceasefires Moscow brokered did not hold, with Azerbaijan and Armenia accusing each other of shelling their respective civilians. Azerbaijan has the implicit backing of Turkey and Armenia has the support of Russia, but neither can afford to be dragged into a war. Get the full story →
Armenia and Azerbaijan foreign ministers will meet US Secretary of State Mike Pompeo in Washington on Friday.
China’s Ant Group inspires Latam Baby Amazon.
Transactions on Mercado Pago, the digital payments platform of Argentina’s MercadoLibre, more than doubled in Q2 amid the pandemic – its CEO has said the company was inspired by how Alibaba (and Ant Group) have operated in China. The company’s market capitalisation has doubled this year alone to US$61.6bn, although this is still a far cry from Ant’s valuation. We believe the pandemic will continue to boost the revenues and valuations of the 'Baby Amazons' (EM e-commerce firms), with MercadoLibre performing well on our proprietary Cash Sustainability Index, alongside Ali Baba, Meituan and Jumia. Get the full story →
China’s Ant Group inspires Latam Baby Amazon.
Sweden bans Huawei and ZTE products for 5G.
The ban on using the Chinese products by companies taking part in a 5G spectrum auction scheduled for next month, was made by the Swedish Armed Forces and the Swedish Security Service. China has now urged Sweden to reverse its ban. With the Huawei ban intensifying across the world, spurred by Trump targeting the Chinese firms as part of the ‘tech war’, it may look like Huawei is the big loser here in the short term. But we argue that in five years’ time the ban may be seen as the moment that prompted China to end its reliance on US silicon tech. Get the full story →
Sweden bans Huawei and ZTE products for 5G.
Joe Biden ready to reset US foreign policy if he wins the presidential election.
His attempts to repair diplomatic ties would reverse Trump’s foreign policy decisions, including as we predicted, re-joining the Iran nuclear deal and Paris climate accord, preventing US exit from WHO (and the global response to Covid) as well as renewed support for Nato. Biden said at a town-hall meeting last week that “America First has made America Alone.” While the US electorate cares little for foreign policy, emerging markets care a lot about US foreign policy, and in the event of a Biden presidency, we think his foreign policy would be positive for Emerging Markets. Get the full story →
Joe Biden ready to reset US foreign policy if he wins the presidential election.
In case you missed it

This evening's briefing

Renminbi hits highest level in two years against dollar.
We think the factors behind this appreciation persist; eg faster growth in China than in the US, portfolio inflows, loose US monetary policy and the Democrats' favourable prospects, with trade tensions likely to lessen in the event of Joe Biden victory. Get the full story →
Renminbi hits highest level in two years against dollar.
China leads the way on vaccine diplomacy.
China has promised access to its Covid vaccines across emerging markets as it focuses its diplomatic efforts on countries neglected by a distracted US. In a recent trip across Southeast Asia, China’s foreign minister Wang Yi said that China will prioritise Malaysia, Thailand, Cambodia and Laos for vaccines. Beyond Asia, China also has plans for countries in Africa and has pledged a US$1bn loan to Latin American and Caribbean countries to fund vaccine procurement. We will monitor whether China will be able to fulfill its grand promises in the global race, but our current research indicates vaccine pre-purchases still heavily favour developed economies. Get the full story →
China leads the way on vaccine diplomacy.
Armenia and Azerbaijan foreign ministers will meet US Secretary of State Mike Pompeo in Washington on Friday.
Russia has driven mediation efforts until now, but the two ceasefires Moscow brokered did not hold, with Azerbaijan and Armenia accusing each other of shelling their respective civilians. Azerbaijan has the implicit backing of Turkey and Armenia has the support of Russia, but neither can afford to be dragged into a war. Get the full story →
Armenia and Azerbaijan foreign ministers will meet US Secretary of State Mike Pompeo in Washington on Friday.
China’s Ant Group inspires Latam Baby Amazon.
Transactions on Mercado Pago, the digital payments platform of Argentina’s MercadoLibre, more than doubled in Q2 amid the pandemic – its CEO has said the company was inspired by how Alibaba (and Ant Group) have operated in China. The company’s market capitalisation has doubled this year alone to US$61.6bn, although this is still a far cry from Ant’s valuation. We believe the pandemic will continue to boost the revenues and valuations of the 'Baby Amazons' (EM e-commerce firms), with MercadoLibre performing well on our proprietary Cash Sustainability Index, alongside Ali Baba, Meituan and Jumia. Get the full story →
China’s Ant Group inspires Latam Baby Amazon.
Sweden bans Huawei and ZTE products for 5G.
The ban on using the Chinese products by companies taking part in a 5G spectrum auction scheduled for next month, was made by the Swedish Armed Forces and the Swedish Security Service. China has now urged Sweden to reverse its ban. With the Huawei ban intensifying across the world, spurred by Trump targeting the Chinese firms as part of the ‘tech war’, it may look like Huawei is the big loser here in the short term. But we argue that in five years’ time the ban may be seen as the moment that prompted China to end its reliance on US silicon tech. Get the full story →
Sweden bans Huawei and ZTE products for 5G.
Joe Biden ready to reset US foreign policy if he wins the presidential election.
His attempts to repair diplomatic ties would reverse Trump’s foreign policy decisions, including as we predicted, re-joining the Iran nuclear deal and Paris climate accord, preventing US exit from WHO (and the global response to Covid) as well as renewed support for Nato. Biden said at a town-hall meeting last week that “America First has made America Alone.” While the US electorate cares little for foreign policy, emerging markets care a lot about US foreign policy, and in the event of a Biden presidency, we think his foreign policy would be positive for Emerging Markets. Get the full story →
Joe Biden ready to reset US foreign policy if he wins the presidential election.
Most Viewed