GEO Group Financial Analysis
GEO is one of the two largest private prison operators in the US, along with CoreCivic. The company oversees the operation and management of approximately 82,000 beds distributed across 102 detention centers and processing centers. It was founded in 1984 by George Zoley (currently Chairman of the Board of Directors) and has been publicly listed (NYSE) since 1994.
Read MoreIs Spain Going Bankrupt?
Is Spain’s level of public spending sustainable? This report looks at its financial situation in detail and considers whether the country will go bankrupt. It looks at how the balance sheet of the Spanish public administration has changed over the last twenty-five years, including how it has changed in governments led by the Popular Party and the Socialist Party of Spain.
We find that the government carries hidden debt in the form of a commitment to pay pensions in the future. It is difficult for the government to sustain growing spending on pensions. Furthermore, the famous pension fund has already vanished.
The report also examines the relationship between debt and inflation and why the European Central Bank is acting very slowly to curb inflation. Inflation can help to prevent states, including Spain, from going bankrupt. A rise in interest rates could mean problems including bankruptcies in Europe in general and Spain in particular.
Read MoreSpain’s Historic Economic Growth Was Not Enough to Reach 2019 GDP Levels
Our analysis of Spain’s historically high growth rate in the fourth quarter of 2021 suggests 2022 will see the economy return to its prepandemic state. Uncertainty is very high because of decreased productivity, high inflation, the central bank’s contemplation about raising interest rates, and external factors (such as the situation in eastern Europe and the pandemic). This report includes a thorough review of the principal indicators in the Spanish economy and evaluates its present, past, and future conditions.
Read MoreHow likely are the IMF’s country outlooks?
How optimistic is the IMF growth outlook of each Latin American economy?
Read MoreStrong Economic Recovery Driven by the Active Role of the Public Sector and Credit Expansion
The strong growth rate in Spain during the second quarter of 2021 has caused economic agents to be more optimistic regarding the possibility of a fast recovery to pre-2020 levels. Although uncertainty remains high and risk factors remain in principal economic areas, it appears that the coming quarters will be good ones. This report reviews the primary indicators in the Spanish economy in order to evaluate the current situation, the effects of recent events, and where things might be headed.
Read MoreHow Bad Is the Worst Economic Crisis of Our Lifetime?
After having warned for a recession in 2019, the US economy contracted in the first half of 2020. The heaviest decline occurred in the second quarter, with GDP crashing by 31%. In the 3rd quarter, GDP recovered partially, and positive GDP growth is also expected in the 4th quarter. However, the effects of the crisis, compounded by the pandemic, will continue to have an impact in the coming quarters.
Read MoreA Follow-Up on the Economic Impact of Special Economic Zones in Honduras: Can Honduran ZEDEs and “Growth Hubs” Leapfrog Institutional & Economic Development?
Last year, we published a study on the economic impact of so-called Zones for Economic Development (ZEDEs) in Honduras, a special type of special economic zone (SEZ). In our 2019 study, we discuss the success and failure of SEZs in China, Dubai, and India in the past. Then we projected potential Honduran GDP per capita with and without ZEDE. A Honduras with a successful ZEDE showed, for the region, tremendous potential.
However, the current prospect is that the ZEDE will also expand to new territories in a geographical sense, which goes far beyond the notion of a part of the Honduran workforce moving into ZEDE territory. In effect, as we will explain in this brief paper, the ZEDE allows for rapid growth by establishing multiple hubs (which would operate under the same ZEDE management but are allowed to compete against each other in terms of regulations and infrastructure), which can easily adopt the legal, regulatory and fiscal framework of the overarching ZEDE, Honduras Próspera. A proliferation of so-called “growth hubs” might occur.
Read MoreThe Spanish Economy Confronts the Shock Caused by COVID-19 and the Lockdown
The health crisis caused by COVID-19 created an economic crisis from which it will take time to recover. Uncertainty is high given the nature of the recession, which has little to do with the classic boom-bust cycle caused by expansions of credit. In this report, we review key indicators of the Spanish economy, to assess the current situation and where we are heading.
Read MoreIn April, COVID-19 knocks out the most important commodity in the world; the recession becomes a reality
The global confinement associated with the COVID-19 pandemic has affected not only those sectors most associated with oil consumption, but also the fields of exploration and production in industries such as oil and gas, which have estimated profits of US$3.3 trillion. The theory of supply and demand, although insufficient to explain all of the nuances of oil production, is useful for illustrating the double shock resulting from weak demand and excess supply that sank reference prices for a segment of the oil market in April.
Read MoreCOVID19 Triggered the Worst Crisis in Our Lifetime
As previously anticipated, a 2020-recession is a fact. Recovery will not be V-shaped. After an initial shock due to lockdowns in the first half of 2020, a second shock of financial deleveraging will hit the United States in the second half of 2020. The stock market does not reflect the underlying economic reality.
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