Prospects for emerging economies in 2017

2016 ◽  
Keyword(s):  
Emerging Economies ◽  
Presidential Election ◽  
Emerging Market ◽  
Import Demand ◽  
Gdp Growth ◽  
Donald Trump ◽  
Content Type ◽  
The Us ◽  
Macroeconomic Fundamentals ◽  
Us Presidential Election

Subject Prospects for emerging economies in 2017. Significance Emerging market (EM) GDP growth of 4.5% is expected in 2017, up from just shy of 4.0% in 2015-16. The outlook was clouded by weak global trade, along with high debts, sluggish productivity and policy limitations even before the victory of Donald Trump in the US presidential election. The unknown policies of the new administration add uncertainty. However, macroeconomic fundamentals have improved, and US import demand has become less important for EM exporters.

US policy will threaten the Iran nuclear deal

2016 ◽  
Keyword(s):  
Presidential Election ◽  
Commercial Aircraft ◽  
Donald Trump ◽  
Content Type ◽  
The Us ◽  
Us Presidential Election ◽  
Political Symbol ◽  
Election Victory ◽  
European Investment

Significance Although the extension is not a formal violation, it reflects rising tensions over the July 2015 deal. The US presidential election victory of Donald Trump has raised questions over its future. Trump dislikes the agreement, as do hardliners in Iran, and it is no longer likely to be implemented as originally planned. Impacts Aggressive US sanctions would deter European investment, creating opportunities for Asian investors. In the absence of a strong conservative candidate, a May 2017 election victory for President Hassan Rouhani is still probable. Washington’s likely scuppering of the sale of commercial aircraft could be a powerful political symbol for Iranian hardliners.

US election raises doubts over Japan-US alliance

2016 ◽  
Keyword(s):  
Presidential Election ◽  
Democratic Party ◽  
Trade Agreement ◽  
Content Type ◽  
Campaign Rhetoric ◽  
The Us ◽  
Us Presidential Election ◽  
East Asia Region ◽  
Presidential Election Campaign

Subject The implications for Japan of the US presidential election. Significance US presidential election campaign rhetoric has sparked serious concerns in Japan about Washington's commitment to the East Asia region in the context of a long-term rise in geopolitical tensions. Republican candidate Donald Trump has publicly questioned the value of the US-Japan alliance, while Democratic Party candidate Hillary Clinton has muted her previous support for the Trans-Pacific Partnership (TPP) trade agreement, seen as the economic component of the US 'rebalance' to Asia under President Barack Obama's administration. Impacts Doubts about the US commitment to the region work to Beijing's advantage. The US government's likely failure to ratify the TPP will damage perceptions of Washington's commitment to the region. Though occasionally mooted, the idea of developing nuclear weapons is a non-starter in Japan.

Prospects for emerging economies to end-2016

2016 ◽  
Keyword(s):  
Fiscal Policy ◽  
Exchange Rates ◽  
Emerging Economies ◽  
Federal Reserve ◽  
Emerging Market ◽  
Commodity Prices ◽  
Content Type ◽  
Political Risks ◽  
The Us ◽  
Growth Prospects

Subject Prospects for emerging economies to end-2016. Significance Despite political risks causing bouts of volatility in countries such as Brazil and Turkey, emerging market (EM) growth prospects have improved moderately and asset prices have rebounded after the turbulence of early 2016. More stability in exchange rates has helped, with the US Federal Reserve (Fed) holding off raising rates. The rebound in commodity prices has been supportive, too, together with receding concerns about China's slowdown. Some countries have also eased fiscal policy to reduce social tensions risks.

Central European local investors will hold on to bonds

2017 ◽  
Keyword(s):  
Emerging Market ◽  
Bond Markets ◽  
Content Type ◽  
Developed Economies ◽  
Local Currency ◽  
Domestic Debt ◽  
The Us ◽  
Debt Market ◽  
Us Presidential Election ◽  
To Come

Significance The lira’s collapse is fuelling outflows from Turkey’s local currency government debt market, as foreign investors reduce their purchases of emerging market (EM) domestic debt amid a sharp sell-off in bond markets following Donald Trump’s upset victory in the US presidential election. Both Hungary and Poland -- hitherto two of the most resilient EMs -- suffered net outflows last year and are likely to come under further pressure as the ECB starts to scale back, or ‘taper’, its programme of quantitative easing (QE) in April. Impacts The dollar’s rise against a basket of other currencies since the US election will put severe strain on EM assets. The surging price of Brent crude is improving the inflation and growth outlook. Higher international oil prices will also reduce the scope for further easing of monetary policy in developing and developed economies.

Suga will hold Japan steady in short term only

2020 ◽  
Keyword(s):  
Public Health ◽  
Foreign Policy ◽  
Presidential Election ◽  
Short Term ◽  
Health Crisis ◽  
Content Type ◽  
Policy Initiatives ◽  
Public Health Crisis ◽  
The Us ◽  
Us Presidential Election

Significance He leaves office having failed to achieve his ambition to reform Japan’s constitution, and is widely seen as having mismanaged the most serious public health crisis in decades. Impacts New foreign policy initiatives are unlikely until after the US presidential election. Abe could make a decision before leaving office on whether Japan should acquire pre-emptive strike capabilities. No moves on constitution revision are likely for the next twelve months at least. Japan would be at a disadvantage if a foreign policy crisis were to occur in the next twelve months, and the next few weeks in particular. Whether the Olympics next summer go well will have some influence on whether Suga stays on as leader.

US election lawsuits unlikely to change result

2020 ◽  
Keyword(s):  
Supreme Court ◽  
Presidential Election ◽  
Donald Trump ◽  
Content Type ◽  
Election Result ◽  
Run Off ◽  
The Us ◽  
Court Intervention ◽  
Us Senate ◽  
Vote Counting

Significance However, Republican President Donald Trump is alleging that vote tallies are fraudulent and inaccurate. He is seeking recounts and undertaking lawsuits over alleged vote-counting irregularities. Impacts Two run-off elections in Georgia will determine whether the US Senate stays Republican or is tied 50-50 with the Democrats. Given the type of complaints raised by Trump’s campaign, prospects for a Supreme Court intervention look remote. Controversy over the election result will linger, perhaps until the 2024 presidential election.

OECD and EU cannot count on Biden backing digital tax

2020 ◽  
Keyword(s):  
United Kingdom ◽  
Presidential Election ◽  
Policy Changes ◽  
Content Type ◽  
Global Consensus ◽  
Democratic Candidate ◽  
The United Kingdom ◽  
The Us ◽  
Us Presidential Election ◽  
Us Senate

Significance Signs that Democratic candidate Joe Biden is likely to secure a narrow victory in the US presidential election will boost the Commission’s hopes for global consensus and better transatlantic dialogue on digital taxes. Impacts Despite Brexit, the United Kingdom will support EU calls for a digital tax. The list of countries imposing unilateral digital taxes will continue to grow as pandemic-induced recession bites. The precise bipartisan balance of the US Senate will determine the extent of tech-related policy changes under Biden.

Polling will proliferate despite UK 'Brexit' failure

2016 ◽  
Keyword(s):  
House Of Representatives ◽  
Presidential Election ◽  
Market Volatility ◽  
Content Type ◽  
The United Kingdom ◽  
The Us ◽  
Us Presidential Election ◽  
Us Senate ◽  
Communication Methods ◽  
The Eu

Subject 'Brexit' polling. Significance On June 23, the pound swung wildly: final polls on whether the United Kingdom should leave the EU ('Brexit') had shown a 4-percentage-point lead for 'Remain', only for the final result to be the opposite. Pollsters have been criticised for their failure to predict both this result and the 2015 UK general election outcome, even as qualitative analysts have also been criticised for missing the results. Impacts The US presidential election is immune from most polling failures, given its hyper-coverage and the discrete decisions of swing states. US Senate and House of Representatives elections are much more difficult to poll, leading to likely market volatility in early November. Changes in communication methods are sparking debates about how a representative sample of the population can be reached best.

Prospects for Russian foreign policy in 2017

2016 ◽  
Keyword(s):  
Foreign Policy ◽  
Presidential Election ◽  
Military Power ◽  
Russian Foreign Policy ◽  
Content Type ◽  
Bilateral Relations ◽  
The Us ◽  
Us Presidential Election ◽  
Vladimir Putin

Subject Prospects for Russian foreign policy in 2017. Significance President Vladimir Putin and senior Russian officials have hailed Donald Trump's victory in the US presidential election. Putin acknowledged that repairing bilateral relations would not be easy. Although some of Trump's campaign remarks will have pleased Moscow, the lack of clarity on what he will do in office means that a rapid 'reset' is not in sight. Moscow aspires to being treated as an equal superpower with its own spheres of interest, and has deployed military power and strong rhetoric to win this. The result is a deteriorating relationship with Western governments.

Remittances growth in Latin America will slow in 2017

2017 ◽  
Keyword(s):  
Latin America ◽  
Presidential Election ◽  
Construction Sector ◽  
Content Type ◽  
The Us ◽  
The World ◽  
Us Presidential Election ◽  
The Caribbean

Subject The outlook for remittance inflows. Significance Latin America and the Caribbean (LAC) was the only region in the world that registered an increase in family remittances last year. Impacts The rise in 'extra' remittances after last year's US presidential election will not be repeated this year. The taxing of remittances could partially reverse many years of efforts to lower sending costs. Increased employment in the US construction sector could help sustain remittances to LAC.

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