23 February 2018

Jorge O. Mariscal

Regional Chief Investment Officer, Emerging Markets, UBS
  • Cyril Ramaphosa was recently elected the new president of the ANC, South Africa's ruling party, which may pave the way for a return to economic prosperity. Photo: Reuters

    South Africa: Winds of change are blowing

    - Feb 5, 2018 4:06pm
    Last year was another challenging one for South Africa. Sluggish economic growth, political uncertainty, mounting fiscal pressure and weakening governance led two of the three largest credit rating agencies to push the country’s foreign currency rating...
  • Federal Reserve is expected to only gradually raise interest rates, and this suggests a softer US dollar regime. Photo: AFP

    Position for emerging market risk in 2018

    - Jan 9, 2018 3:04pm
    By the end of 2017, emerging market (EM) assets were on track to deliver their best performance since 2009. An environment of improved global economic growth, higher commodity prices, and still-easy liquidity conditions has driven a...
  • South Africa recently exited recession, but its outlook remains bleak, with expected GDP growth of less than 1 percent next year. Photo:

    A nation at a crossroads

    - Nov 10, 2017 3:38pm
    Come December, it will be South Africa’s turn to determine its future leadership, and in turn its economic and investment potential. The governing African National Congress (ANC) will elect a new president, and as the head...
  • Inflation in Mexico has recently spiked due mostly to the depreciation of the peso. Photo: Kuow

    Brazil and Mexico make interest rate history

    - Oct 13, 2017 11:35am
    Brazil and Mexico have long battled it out as heavyweights of the Latin American economies. For much of the new millennium, one defining feature of their rivalry is that Mexico has had lower interest rates than...
  • Africa has the world’s youngest and fastest-growing population. It has numerous drivers that could sustain an average annual growth rate of 4 percent. Photo: Joburg

    Tapping into the cradle of diversity

    - Sep 18, 2017 8:00am
    Africa is often labeled the “final investment frontier”. It consists of countries whose indicators of social, economic and financial development are relatively low, which translates into more upside potential than anywhere else on the planet. But...
  • South African equity, currency and bond markets would likely either react negatively if President Jacob Zuma's camp wins, or positively if the opposing camp prevails. Photo: Reuters

    South Africa gets a vote of no confidence

    - Aug 18, 2017 9:53am
    President Jacob Zuma survived a motion of no confidence this week, the latest of many attempts to unseat an administration besieged by allegations of corruption and economic mismanagement. The victory not only allows Zuma to remain...
  • In the US, markets increasingly think the Federal Reserve will begin to reduce its balance sheet this year. Photo: Reuters

    Taming the tantrum

    - Jul 24, 2017 8:00am
    As we approach the 10th anniversary of the global financial crisis, we are also closer to what economists like to call policy normalization or “taking away the punchbowl.” This is the time when the world’s major...

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