• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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In a bid to offset economic headwinds associated with the coronavirus pandemic, Mexican president Andrés Manuel López Obrador (widely known as AMLO) announced an infrastructure investment plan of nearly $14bn, aimed at supporting business and stimulating an economic recovery.

With a view to stimulating an economic recovery from the coronavirus pandemic, African governments are pushing ahead with plans to implement a continent-wide free trade zone, with a particular emphasis on e-commerce and digital payments.

The pandemic and its related economic effects prompted a slowdown in initial public offerings (IPOs) in South-east Asia, as it did globally. However, there are indications that the region is set to see listing activity bounce back in the coming months.

Despite predictions of a significant fall as a result of Covid-19, remittances into some Latin American countries have actually increased following the outbreak of the coronavirus pandemic.

With the world’s gaze increasingly trained on the upcoming US elections, emerging economies are also grappling with the question of how to facilitate voting in the midst of the coronavirus pandemic.

 

ETIQUETTE: “For every village a different culture” is the expression that best describes the social norms, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm smile. The salutation monin tru (a very good morning) is considered the polite early-day greeting.

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