The outlook for the eurozone is looking steadily worse. Key European economies have thus far failed to capitalise on the bounce in headline growth seen in the US and emerging markets. Concomitantly, a brewing sovereign crisis in Greece has highlighted serious problems of overleverage in Portugal, Spain and Italy. On this week’s podcast, Business Monitor… [Read more]
My colleagues at Business Monitor International tell me that oil production will be a defining feature of the Ghanaian growth story over the medium-to-long term. In fact, they forecast that over the coming years, growth will be in the double digits and the deficits on the current account and fiscal account will be wiped out…. [Read more]
Despite the whopping 13.8% y-o-y real GDP contraction in Q109, I have stuck to my view that Turkey is among the best macro plays in emerging Europe. This strategic view has been formed out of three key premises: 1. The Turkish banking sector is among the most stable in Europe with among the highest growth… [Read more]
Ghana is one of my long-term favourites in Africa, but I can’t help worrying how the nation will fare over the coming months. With an oil boom in the pipeline and healthy democratic credentials, the country has looked like a diamond in the rough over the past year or so. Now, though, cracks are starting… [Read more]
