MENA region tourism expected to return to pre-COVID-19 levels by 2023: IIF
Outlook for region’s tourism remains bleak, with 5 tourism-dependent MENA economies to suffer much longer from negative impacts of pandemic
Latest in Tag: IIF Highlight
Latest in Tag: IIF
COVID-19 has cost tourist destinations 3x more than 2008 financial crisis: IIF
In its latest report on tourism, in which it made use of the UNWTO data, the IIF noted that tourism will likely be among the last sectors to recover from the shock of the global health crisis.
EM securities attract $15.1bn in July in continued stretch of positive inflows: IIF
Recovery will be dependent on EM complex’s capacity to put in place efficient policies that speed up recovery, says institute
IMF to approve $2.8bn for Egypt in next few weeks: IIF
The funds, which are 100% of the quota, will be made available for Egypt to address the economic impacts of the ongoing coronavirus (COVID-19) pandemic.
EM non-resident inflows to slow to $444bn in 2020: IIF
Institute expects total foreign investments in EM, excluding China, worth $304bn, lowest since 2004
IIF expects Egypt’s GDP to reach 3.2% in 2020
Institute projects economic contraction in emerging markets this year, with global GDP growth of -2.8%
EM sees record-breaking $83.3bn portfolio outflows in March: IIF
Equity and debt flows were -$52.4 bn and -$31.0 bn, respectively
Global household debt exceeds $47trn, $12trn higher than 2008 financial crisis: IIF
Since 2007, households worldwide have added over $12trn to the mountain of global debt. The corporate and general government sectors have, however, accounted for much more of the build-up ($31trn and $34trn respectively), the IIF said in its recent report.
Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF
Egypt likely to see significant drops in Suez Canal transit revenue, trade, FDI, tourism flows, and remittances
IIF downgrades global growth forecast for 2020 to 0.4%
IIF maintains expectations for recovery in 2H 2020
IIF alarmed over possible sudden stop in financing globally due to COVID-19
Year 2020 feared to be another challenging period for growth across EM
Global NFC debt now at 93% of GDP vs. 75% before 2008 financial crisis: IIF
COVID-19 fears prompt sharp downgrades to corporate earnings estimates, raising the risk of fallen angels and fire sales.
MENA is vulnerable to oil prices decline, Russia more prepared than previous shocks: IIF
How will ongoing oil tension impact MENA region?
Global growth could conceivably approach 1% amid Covid-19 fallout, weakest since the global financial crisis: IIF
According to the World Health Organization, to date, Covid-19 cases around the world reached 101,927cases, while Covid-19’s death toll recorded 3,486, placing people into a state of terror, causing them to cancel or postpone most of their economic activities.
Investment growth down to zero across EM: IIF
While Turkey, Argentina, and Mexico experience pronounced weakness, Egypt’s FDIs hiked 5% during 2019 on YoY, according to Minister of Planning
EM’s growth failed to materially outperform advanced economies since 2013: IIF
“If we look in year over year terms through third quarter (Q3), growth was below the developed market average in Brazil, Uruguay, Turkey, South Africa, Ecuador, Mexico, Saudi Arabia, and Argentina,” according to the IIF.
Emerging markets attract over $310bn capital flows in 2019: IIF
Portfolio flows to EM stood at $30.7bn in December, significantly higher than November’s $19.9bn
Egypt continues to lead growth in MENA in 2020: IIF
Region needs to pursue deeper reforms to strengthen business climate, improve competitiveness, says IIF
Egypt’s government debt to GDP declines to 88.4% in 2Q 2019: IIF
State’s household debt to GDP remains unchanged at 7.1% in 2Q of 2019, says report
IIF forecasts Egypt’s net capital flows to reach $7.3bn in 2019
EM securities attracted $22.5bn in October, says IIF
Global manufacturing is weak, but services are holding up: IIF
In its latest report, the IIF stated that it continues to have a relatively positive view on the global economy.
Did IMF-backed reform reduce Egypt’s debt?
The IIF works in a sample of 25 past IMF programmes in developed, emerging, and frontier markets that started with debt to GDP ratios above 75%.
Disinvestment does not look to be a broader phenomenon in EM: IIF
Manufacturing may have troughed in Q2 of 2019 globally, has been rising throughout Q3, says IIF
EM securities outflows recorded $13.8bn in August: IIF
Net capital flows including E&O in Egypt to reach $7.3bn by end of 2019
5.5% economy growth expected in Egypt by 2020 as IMF programme wraps up: IIF
Risks are tilted to downside due to less supportive external environment, says IIF
Declining global interest rates to encourage hard currency borrowing in EM: IIF
Notably, China’s share of inbound FDI rose steadily from 5.4% in 2013 to 10.5% in 2017.
IIF expects world Brent oil prices to average $65/b in 2019, $62/b in 2020
“We expect growth in US crude oil production to decelerate from 1.6m bpd in 2018 to 1.3m bpd in 2019, 0.9m bpd in 2020,” says IIF
Government debt to GDP in Egypt declines to 91% in Q1 of 2019 y-o-y: IIF
The state’s household debt to the GDP slightly decreased to 7.2% in Q1 of 2019, compared to 7.4% in the same period of 2018, the report added.
Portfolio inflows to emerging markets reach $25bn in March: IIF
Equity, debt inflows reach $8bn, $18bn, respectively
Egypt’s real GDP growth to reach 5.8% in FY 2018/19: IIF
Average growth in MENAP forecasted to decelerate slightly to 2.2% in 2019, says IIF