Global tourism is recovering — ask those lucky enough to spend 90 minutes getting through security at London Heathrow last weekend! While recession is a risk, there is a very long way to go simply to match pre-Covid levels. As school holidays start w...

OPEC+ increased its output on 2 June but not by an amount that makes a meaningful dent in global supply. Should China demand growth snap back, in the event that Covid restrictions subside and policy stimulus come into effect, then oil prices could go...

Inflation had already started creeping up last year, as economies emerged from pandemic lockdowns and supply-chain bottlenecks crimped supply. Recovering demand as Covid-19 lockdowns ease, along with supply-chain issues, have already driven up global...

The USD index has risen by 5% so far this year. Comparing banks' net foreign currency position with the over/(under) valuation of currencies against their REER fair values allows us to identify banks offering the best hedging potential. Looking at th...

The Pfizer announcement on 5 November that its its anti-Covid "Paxlovid" pill cuts hospitalisation risk by 89% if taken within 3 days of the symptoms should provide another boost to the prospects for tourism recovery in emerging markets. This follows...

Both Nigeria and El Salvador have cited lowering the cost of remittances as a key motivation. The President indicated that eNaira and physical Naira would always be exchangeable on a 1:1 basis. Moreover, our own detailed study of the global remittanc...