All elections have implications for the wider economic outlook, but given that the US economy (around US$22trn in GDP) is the world’s largest and touches most parts of the global system, the 2020 election result has particular nuances – especially in this time of Covid-19. “It was an eventful year;…
Insights into the Trade Finance Industry
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West Africa’s trade and Covid-19
How is Sub-Saharan Africa weathering the Covid-19 pandemic? Better than expected, conclude our panellists on this episode of Trade Finance TV. This is region, as Dr Rebecca Harding puts it, “blown about by things happening outside its control”. Take Nigeria, where 10% of its GDP comes from oil exports that…
MENA trade, Covid-19 and oil price volatility
One of the big winners of globalisation has been the Middle East and Northern Africa (MENA) region. As MENA diversifies from hydrocarbons, it has evolved into a trade hub. But Covid-19 has disrupted this journey and trade has been slowing down. Although capacity is being restored after the collapse of…