Covid-19

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Africa Covid-19

Could Zambia’s Debt Default Signal a Domino Effect on the African Continent?

In November 2020, news outlets reported that Zambia had become the first African country to default on debt against the backdrop of the Covid-19 pandemic, after opting out of a $42.5 million eurobond repayment. Zambia’s external debt payments have increased significantly since 2014, from 4% of government revenue to an estimated 33% in early 2021. As neighbouring countries in Sub-Saharan Africa continue to suffer the economic squeeze of the pandemic, there are fears that others will follow Zambia in defaulting sooner than experts anticipated. 

Africa Covid-19

Internet and Social Media Shutdowns on the African Continent

Internet and social media shutdowns have become an increasingly popular method employed by African leaders to stop the flow of information and repress political opinions and information available online. Commonly used during periods of civil unrest and elections, more often than not, the shutdowns do not have the desired effects. Internet and social media shutdowns rather lead to higher levels of unrest, human rights violations, lack of election credibility and great economic loss.

Covid-19 Finance

Documents Leaked to Reuters Raise Concerns about COVAX

COVAX  Launched in April 2020, the Access to COVID-19 Tools (ACT) Accelerator partnership was convened by the World Health Organisation (WHO), Gavi – the Vaccine Alliance and The Coalition for

Covid-19 North America

Canada’s Second COVID Lockdown

The placing of Canada’s most populated region under stricter lockdown measures is likely to lengthen the road to economic recovery post-COVID.

Covid-19 Latin America

Cry for me, Argentina: COVID-19 and Economic Woe

2020 cannot be described as a good year for Argentina. Already struggling with high inflation and a sovereign debt of over $300 billion, the onset of the COVID-19 pandemic confronted the Argentine government with new financial drains and economic hurdles. Faced with this crisis, Argentina’s economy has undergone a severe contraction. Though Argentina’s economic situation is, along with that of many other countries affected by the pandemic, expected to rebound in 2021, indications are not positive for a long-term indication in the country’s economic situation.

Covid-19 North America

The Influence of COVID-19 on the Future of US Politics at Home and Abroad

The two candidates for the 2020 US election both centered their campaigns on major dividing issues, including the global pandemic. The politicized debate around COVID-19 revealed the cultural differences that divide the United States, and forecasts change in the coming year in US domestic and foreign policy.

Covid-19 Europe

Sweden Might Avoid a Second Wave, But at What Cost?

Sweden has taken a notably lax approach to dealing with Coronavirus, avoiding lockdowns and trying to act as if all were normal. However, this apparent indifference to the worldwide pandemic has born costs to Sweden’s international reputation, and the economic benefits appear somewhat smaller than hoped.

Asia Pacific Covid-19

Thailand’s Economy and the Pandemic: Facing Delays and Difficult Choices

Thailand is one of the few countries that can claim to have restricted the internal spread of COVID-19 so far. The country has yet to reach 3500 total cases, with limited deaths, currently at 58. A timely border closure supported by initiatives that were broadly embraced by Thai citizens have contributed to this arguably successful containment, especially considering the size of Thailand’s population at nearly 70 million citizens. But has it truly been a success?

Covid-19 Economics

Making History: Coronavirus and Negative Oil Prices

Since the beginning of the Coronavirus pandemic, there has been a loss of 1/3rd global demand – more than 30 million barrels per day (BPD). The virus instilled a level of uncertainty for oil traders, but the catalyst for the initial drop in price can be attributed to the escalating price war between Russia and Saudi for market share, eventually leading Saudi to flood the market with oil.

Covid-19 Economics Insights North America

US: Inflationary pressures are highly unlikely

As a response to the Covid-19 outbreak, the United States unveiled a $2 trillion package in March – the largest of its kind. Aside from the expansion of debt, potential inflation has been a cause for concern. But several factors ensure that broad inflationary pressures will almost certainly be absent during the lockdown, and, likely, in the immediate period after.