Africa Country Insight: Ethiopia
Civil war in Ethiopia has put the country on a different developmental trajectory. International and regional stakeholders cautioned that Ethiopia is facing a “narrowing window” to find a diplomatic solution to the ongoing conflict, as territorial gains by the opposition coalition and military campaigns across multiple regional states now pose risks to regional stability.
What you will learn:
- The TPLF may look to consolidate advances and possibly shift its focus to capturing transportation links between Addis Ababa and Djibouti.
- Uncertainty surrounding the post-Debt Service Suspension Initiative (DSSI) fiscal outlook poses substantial downside risk to the invisibles position.
- Set against a backdrop of a thin reserve buffer, eroding FDI appeal and collapse in grant support, the odds of a balance of payments event and credit default event have increased.
Latin America Key Themes 2024 – Slower growth, but it’s not all bad news
Growth in most LatAm economies will be below consensus. Economic momentum has surprised to the upside through most of 2023, but the full effects of record global and domestic monetary tightening are yet to be seen.Find Out More
Easing financial conditions offer CRE some respite
Our measure of financial conditions has become less restrictive in the US and started to loosen in the eurozone and the UK, reflecting investors' expectations that interest rates have peaked. This should aid the outlook for commercial real estate (CRE) on the margins, although the scale of past rate hikes, sluggish economies, and structural headwinds mean the sector still confronts challenging fundamentals.Find Out More