Standard & Poor’s 2016 Outlook: Paraguay stands out in Latin America

By David Buchanan Paraguay is the only Latin American country with a positive outlook for 2016, said Moritz Kraemer, Global Chief Rating Officer, Sovereign Ratings at Standard & Poor’s during his presentation of the firm’s 2016 global sovereign outlook. Most countries in the region will continue to be affected by the slump in commodity prices and a slowdown of the Chinese economy, he added. Not surprisingly, Brazil faces a bleak new year with President Dilma Rousseff facing impeachment and the economy in a recession. Other countries with a less-than-optimist outlook are Venezuela and Trinidad and Tobago. “With its non-investment grade, it’s plausible to assume that some of the portfolios under administration will have to divest over a certain period of […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]