9 July 2020

This Week’s COVID-19 Snapshot

The weekly snapshot provides expert insight on the outbreak and its widespread impact. In this edition, we highlight how the Eurobond issue will support the government’s effort to address the economic downturn derived from COVID-19 and more.

 

8 July 2020 – Jordan

Predictions:

  • Eurobond issue will help government address economic downturn caused by COVID-19 but will not offset need for unpopular austerity measures
  • Further moves to boost revenues will include crackdown on tax evasion, which could increase bureaucracy and raise reputational risks for firms
  • Rising prices and unemployment will increase popular discontent in coming months, raising risk of protests around September elections

 

3 July 2020 – UAE

Predictions:

  • Abu Dhabi will follow successful sale of stake in gas pipelines with further deals to boost diversification efforts and raise state revenue
  • Oil and gas will remain highly attractive to foreign investors, but government will also continue to diversify into variety of other sectors
  • Ongoing low oil prices will nonetheless continue to pose major fiscal and growth challenges over coming years

 

3 July – Thailand

Predictions:

  • Pro-democracy activists will continue to organise small-scale rallies in coming weeks despite extension of state of emergency
  • Demonstrations will be largely student-led and will remain peaceful but will increase in size over longer term as economic downturn continues
  • Government opponents will increasingly highlight abduction of exiled activists to build support and increase pressure on PPRP-led administration

For full assessments request the free weekly COVID-19 roundup here.