With the country’s oil revenue set to slide by about 30% this year, privatization is a largely untapped resource.
Macroeconomy & Globalization
Trends | Sovereign Funds & Trade
This summer US Congress passed a law giving president Barack Obama the authority to “fast-track” free-trade pacts such as the multinational Trans-Pacific Partnership (or TPP), which covers around 40% of trade in American goods and 60% of trade in Asian goods.
CEE Regional Report
The unorthodox policies of prime minister Viktor Orbán may be controversial, but they’ve helped kick-start the country’s economy. Most of the other CEE nations are also mounting turnarounds..
Capital Markets | Foreign Exchange
The surging dollar, falling euro and plunging emerging-markets currencies had a record $32 billion negative impact on the earnings of companies in North America and Europe in the first quarter, according to Scottsdale, Arizona‒based FiREapps, which helps corporations measure and manage foreign exchange exposure.
Regional wealth funds, free-trade zones and the Saudi Stock Exchange are expected to boost GCC economic growth and spur development—even if oil doesn’t cooperate.