The past week has brought further evidence that the relationship between Saudi Arabia and the US has soured after OPEC+ opted to cut oil quotas – Saudi Arabia is clearly leaning away from the US orbit. Elsewhere, the US-brokered Lebanon-Israel maritime agreement provided rare good news for Lebanon, but it will take several years before the country sees an economic benefit. And finally, the rationing of FX in Tunisia has exacerbated shortages. The country’s weak balance sheet makes it a leading candidate to follow in Sri Lanka’s footsteps of a messy sovereign default and economic collapse.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services