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Pre-Crisis Growth Levels Unlikely

Spain's recovery will gather steam in 2014 and 2015, with exports remaining strong due to improving competitiveness. Consumer spending will also support growth, but a lack of progress on deleveraging...

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On The Brink Of Civil War

Prospects of a return to full-blown civil war in Libya are high. As a result, we have lowered the country's Short-Term Political Risk Rating. The economic situation will remain dire, and lawlessness...

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Still Expecting A Rate Cut In Q115

Russian rate markets remain overly hawkish towards the Central Bank of Russia (CBR)'s monetary policy trajectory, in our view, following the surprise rate hike on July 25. According to the statement...

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