Fitch Ratings 2021 Outlook: Latin American Sovereign ratings

Nearly half of the Latin American sovereign ratings are on Negative Outlook, which indicates that there is significant scope for downward rating actions in 2021. Nine sovereigns are on Negative Outlook compared with seven at end-2019. This is despite several rating downgrades during this year. The pace of recovery will differ across countries and will partly also depend on the success of virus containment and successful opening of economies, as well as the effectiveness of supportive policies implemented this year, said credit rating agency Fitch Ratings on its 2020 outlook on Latin American sovereign debt issuers. What to Watch A resurgence of coronavirus in the region leading to renewed shutdowns with adverse economic and fiscal implications. Setback in fiscal consolidation […]

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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 […]