South Africa avoided a potentially damaging ratings downgrade from Moody's in November, but has been put on watch for a downgrade in the next three mo

China's state-owned companies are suffering from high leverage and low return, "¦ "¦ partly due to their high concentration in upstream heavy industri

Our model suggests that a USD10 pb oil price increase boosts the current account by USD15 billion.' The current level of oil prices, if maintained, wo

Sizable government credit guarantees boosted output growth this year. With the credit impulse weakening, output growth will likely slow down to 4% or