From the CEO – April 2018

Dear Clients, The flattening of the yield curve in the US, witnessed by a narrowing of the gap between the two- and 10-year Treasury note, was foremost on our minds as PRS/ICRG concluded its forecasts and ratings for the month. The shape of the curve is important since it is seen as an indicator of Read Entire Entry

Iran – Discontent as Sanctions Risk Grows

Tens of thousands of Iranians took to the streets for protest demonstrations in towns and cities across the country over a two-week period that began in late December. As the phenomenon spread, the list of grievances animating the demonstrations expanded from economic issues, such as the lack of Read Entire Entry

Japan – Abe Safe, for Now

A controversy over the sale of state-owned land at a deep discount to a school affiliated with the ultra-nationalist Nippon Kaigei organization continues to cause political headaches for Prime Minister Shinzo Abe, who faces pressure to explain why documents related to the sale were altered to Read Entire Entry

Malaysia Flash Forecast

Elections Unlikely to Produce Mandate for Reform Prime Minister Najib Razak dissolved the national legislature on April 7, setting the clock ticking for an early election that will be held on May 9.  Although the incumbent National Front (BN), a multiparty alliance dominated by the Najib’s Read Entire Entry

Poland – Defiant PiS Forces Showdown

The replacement of Prime Minister Beata Szydlo by her finance minister, Mateusz Morawiecki, on December 11 brought a dramatic end to a year marked by rising tensions in Poland’s relationship with the EU. Morawiecki is a former independent who joined the PiS in 2016, but previously served in the Read Entire Entry

Honduras – Turbulent Start to Second Term

The political temperature was already running high in Honduras ahead of the presidential election held on November 26, and the simmering tensions boiled over even before all the votes were counted, amid claims by the opposition that the incumbent PN administration was stealing the election. The Read Entire Entry