S Africa’s financial outlook in 3 graphs from @SergiLanauIIF Given low growth S Arica need a painful primary surplus to stabilize debt. Planned adjustment is

The euro despite appreciating against the dollar is broadly at PPP. @Gavekal https://t.co/pj5LSlRqLc

India is bouncing back rapidly from 2020 shock BUT still far from pre-crisis trend, let alone trend pre shadow banking crisis. @SergiLanauIIF invaluable as ever.