Download PDF: Russia_Country_Research Russia’s growth rate has experienced a dramatic slowdown since the Global Financial Crisis. Domestic imbalances, correction in oil prices and sanctions imposed by the U.S. in 2014 have all contributed to the slack. Since, Russian government has been trying to fix its budget imbalance, reducing reliance on imports and building economic warContinueContinue reading “Russia: How’s the Troubled Kid Doing? “
Tag Archives: economy
Checking the Pulse on Global Economy: Strategy for 2020
Download PDF: monthly_201912 Risk aversion has come down of late, as highlighted by the rebound in real yield from a deep negative level in G7 economies ex-Italy. The improving global outlook despite apparent weakness in credit Chinese data, however, is concerning. The less forceful and diminishing stimulus administered by the Chinese government in the lastContinueContinue reading “Checking the Pulse on Global Economy: Strategy for 2020”
South Africa: Country Overview
Download PDF: South Africa Research South Africa could easily pass as a country that combine various Emerging Markets sins: rampant corruption, mismanagement of government assets and low productivity. Unless a clear economic and political reform is done, it is likely that the country will slowly drift deeper into the abyss. From a political point ofContinueContinue reading “South Africa: Country Overview”
Mexico: Reaching Cyclical Bottom
Download PDF: Mexico_Reaching_Cyclical_Bottom It is likely that Mexican economic condition will improve going forward. Various indicators are at level comparable to those in 2013 and 2016 downturn and monetary stimulus is currently on progress. The easing stance of global monetary policy and reflationary effort in China are further likely to ease domestic condition and benefitContinueContinue reading “Mexico: Reaching Cyclical Bottom”
Russia: Country Overview
Download PDF: Russia Research 2019 The Linkage between Oil Price and The Russian Economy There is little sign that Russian economy is diversifying from energy production and exports in the last 20 years. The direct link and trickle-down effect of higher/lower oil prices to the economy result in an economy that is highly correlated withContinueContinue reading “Russia: Country Overview”
Update on Brazil and South Africa
Download PDF: Brazil and South Africa Update Brazil’s economy is slowing, but positive development on pension reform has charged the market of late. Much of the positive development has been priced in and the risk of further slowdown in the economy is rising. Brazilian stocks are not cheap relative to EM overall, currently at itsContinueContinue reading “Update on Brazil and South Africa”
Chile: A Case of Investor’s Complacency?
Download PDF: Chile Research Chile has enjoyed a developed economy status over the years, but its growth profile is still hugely cyclical due to dependency on copper export. The country is suffering from twin deficit due to weakness in copper prices and the government’s fiscal condition is deteriorating, albeit at a still very healthy level.ContinueContinue reading “Chile: A Case of Investor’s Complacency?”
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