As part of the recent podcast series addressing the build-up of imbalances in the global economy, Bruce Jeffery provides an insight into the nature of balance of payments crises and how they come about. Stuart Allsopp provides an outlook for the painful adjustment process ahead for Venezuela’s balance of payments.
Latvia is the newest victim of the credit crunch. This is not official. No formal application has been made for an IMF bail-out package, nor has it made the front pages of any major newspaper of record on the continent. That said, with the economy contracting by 4.2% in the third quarter (down from 10.1% [Read more...]
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