Ghana’s economy is one of the fastest growing in Africa, and its recently established oil and gas industry has made it a gateway for foreign investment (as stated by the International Monetary Fund and The World Bank in 2019). However, while prospects for a continued expansion are good, the state faces a stubborn fiscal deficit and the longer-term challenge of reducing the nation’s reliance on a small number of exports due to the COVID-19 pandemic. Fiscal and economic reforms, therefore, remain top of the agenda in the election year of 2020.
In Latin America, where economic problems tend to be more destructive than elsewhere of the Western world, the future economic, political and social stability will be highly dependent on governments’ responses to the coronavirus pandemic. As foreign capital and investments diminish and a global recession is looming, Latin American countries are facing a distressing outlook, which will inevitably lead to a major societal restructuring.
Air pollution is one of the major causes of death all over the world: every year, more than four and a half million people die for causes directly related to poor air quality . However, policymakers around the globe did not succeed to tackle the issue effectively.
In this series of articles, we will explain what Eurobonds are, why there are so many concerns around them and if they could be developed someday soon. In particular, we will go through European peculiarities and we will analyse all viable options to face extreme conditions as it is for COVID-19.
Someone tried to bribe Germany
Have you ever wondered about how much your life is worth? Economists have always tried to give monetary value to people’s lives. Nowadays, this issue gets even hotter, since policymakers have to take into account all costs and benefits deriving from shutting down the world economy: when will the benefits of saving lives by ‘flattening the curve’ of infected individuals be outweighed by its costs?
The point here is what is underlying the issues of common government securities, i.e. interest rates and collaterals. In this series of articles, we will explain what Eurobonds are, why there are so many concerns around them and if they could be developed someday soon. In particular, we will go through European peculiarities and analyse all viable options to face extreme circumstances as it is for COVID-19.
Why everybody messed up with debt
On March 12, the ECB held a press conference, in which Christine Lagarde announced and commented on the new measures to counter the economic downturn triggered by the spread of the virus. Below, we shortly review and explain these measures, compare the policies of Lagarde and Draghi, the previous ECB president, and give some final considerations on [Read More]