Major Country Developments

NAFTA Special Report

World Economic Outlook Update, June 2020

A Crisis Like No Other, An Uncertain Recovery
Read the IMF's article

FitchRatings' North American Chemicals: Peer Comparison

Coronavirus Effects: Fitch Ratings expects chemical producers’ earnings to be significantly affected through 2021, particularly within polyethylene and polypropylene, due to the pandemic and recessionary end-market weakness, leading to reduced volumes and pricing.
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World Economic Outlook, April 2020: Chapter 1

The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. In a baseline scenario--which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound—the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalizes, helped by policy support. The risks for even more severe outcomes, however, are substantial. Effective policies are essential to forestall the possibility of worse outcomes, and the necessary measures to reduce contagion and protect lives are an important investment in long-term human and economic health. Because the economic fallout is acute in specific sectors, policymakers will need to implement substantial targeted fiscal, monetary, and financial market measures to support affected households and businesses domestically. And internationally, strong multilateral cooperation is essential to overcome the effects of the pandemic, including to help financially constrained countries facing twin health and funding shocks, and for channeling aid to countries with weak health care systems.
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UK Economic Update, April 2020

The essential public health measures taken to counter COVID-19 will inevitably have a significant short term economic cost. Our illustrative scenarios suggest UK GDP growth in 2020 could range between around -3% and -7%, depending on how quickly the outbreak is brought under control. But growth should rebound in 2021 and beyond.
Read PWC's article

World Economic Outlook, January 2020

Tentative Stabilization, Sluggish Recovery?
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Regional Risks for Doing Business

The World Economic Forum has been publishing The Global Risks Report since 2006, highlighting each year the vulnerability of our increasingly networked and interconnected world to volatility and disruption.
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Trans-Pacific Partnership

U.S. President Donald Trump surprised the world when he hinted in January 2018 that he may be willing to bring the U.S. back into the Trans-Pacific Partnership (“TPP”) trade agreement, provided the U.S. can secure fair and reciprocal treatment.
Read FCIA's article

Gulf Cooperation Council states gear up for VAT in 2018

Will you be ready?
Read KPMG International's article

Re-imagine the future of finance with blockchain

It’s possible to imagine a future where finance will become the business partner that drives the enterprise’s growth agenda.
Read Genpact's article