The significant drop from 2018 is good news but last year's losses still represent a staggering number. Governments and the private sector in #LatinAmerica and other developing nations should step up efforts to close the gap between economic and insured losses.
Total economic losses from natural and man-made catastrophes fell to around USD 140 billion in 2019 from USD 176 billion last year, according to preliminary sigma estimates from Swiss Re Institute. https://t.co/02IbEG3cL0 #natcat2019#insurance
The 2020 Global Sovereigns Outlook is available to download now. We expect widespread monetary easing in 2H19 to be followed by varying degrees of fiscal easing in 2020. #CreditOutlook#FitchOutlooks2020 https://t.co/d0lmnEUaWX
Another night of terrible violence, vandalism, burning in Chile. This is an Instagram pic of a group of looters -- taken after they burned and sacked Hotel Casa Real in La Serena. Anarachy
Brazil’s recovery from recession has been a slow one.
A major auction on oil reserves this week could help speed it up, writes @mfbmendoza. https://t.co/9c0rFfZKmU
We identify conspicuous areas of growing #EM vulnerability, inc rising sovereign and corporate debt, and opaque lending practices by #China. But while global volatility and yields stay low, risks shd be confined to a few sovereigns whose domestic policies have gone off-track.
I'm stunned. Heart is broken. For three years, this was my daily metro station. Scenes from last evening are apocalyptic. This is the aftermath. Esto tiene que parar ya https://t.co/7HTEE2TTAA
I hope this #LatinAmerica warning by the Eurasia Group doesn't come true: "People's expectations and grievances are high, but governments have less money to spread around. Expect the social rumblings in the region to get worse before they get better".
The election loss for President Mauricio Macri in #Argentina can actually be seen as a personal win for Macri in that he didn't suffer the humiliating defeat that many had expected. The failure to win a landslide victory will also serve as a constraint for the incoming govt.
#DigitalTransformation: Amid the rise of #Insurtech in #Brazil, the insurance regulator unveils plan to launch regulatory sandbox in January 2020 in order to spur #innovation and competition in market with high degree of concentration.
A note to my friends in US media:
VERY few outside US understand the central fact of Trump impeachment - the ~0% chance that Republican-controlled Senate will actually remove him from office. Most outlets burying this context or not mentioning at all! World is confused
"At the end the blame resides in the policies that were decided." A conclusion by @mauriciomacri's former cenbank president @fedesturze about the current economic crisis in #Argentina, in a recent paper.