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Bloomberg Línea · Quoted expert ESOriginal title: Brasil y Colombia pagan una de las deudas soberanas más caras del mundo: las razones

Brasil y Colombia pagan una de las deudas soberanas más caras del mundo: las razones

Fortun distinguishes sovereign borrowing costs from debt stocks and compares financing conditions across countries.

IIF Asia Economic Views: Japan’s Fiscal Constraint Without Fiscal Stress

Jonathan Fortun / Institute of International Finance

Japan’s fiscal constraint becomes clearer when public assets and liabilities are considered together. Extensive public ownership of debt shifts attention from a sudden funding shock to valuation changes across the consolidated balance sheet. Slow refinancing provides a cushion, but that protection narrows if effective borrowing costs overtake growth or pension and foreign assets lose value.

Bloomberg Línea · Quoted expert ESOriginal title: Golpe a aranceles de Trump: ¿qué significa esto para Latinoamérica y qué países se benefician?

Golpe a aranceles de Trump: ¿qué significa esto para Latinoamérica y qué países se benefician?

The US Supreme Court’s February 2026 tariff ruling could ease trade uncertainty without producing uniform gains across Latin America. Jonathan Fortun argues that countries with negotiated access arrangements may gain predictability, while Brazil’s benefits depend on the products affected and any replacement tariffs. He interprets the decision as a limit on one legal route for tariffs, rather than the end of US trade restrictions.

Bloomberg Línea · Quoted expert PTOriginal title: Fim do tarifaço favoreceria o Brasil e mudaria o comércio em LatAm, dizem especialistas

Fim do tarifaço favoreceria o Brasil e mudaria o comércio em LatAm, dizem especialistas

Fortun explains how existing bilateral trade arrangements may reduce uncertainty after the US tariff ruling.

IIF Global Macro Views: U.S. Labor Market Stable Only by Arithmetic

Marcello Estevão · Jonathan Fortun / Institute of International Finance

A stable US unemployment rate masks a thinner margin for employment growth. Slower labor force expansion has reduced the hiring needed to keep unemployment steady, while broader measures reveal more slack. Jobs are increasingly concentrated in health and education, leaving goods production and tradable sectors with little momentum and weakening the foundations for sustained income gains.

Bloomberg Línea · Quoted expert ESOriginal title: Los mercados emergentes iniciaron 2026 con flujos récord: las tres razones que lo explican

Los mercados emergentes iniciaron 2026 con flujos récord: las tres razones que lo explican

Fortun interprets the exceptional breadth and scale of January emerging-market portfolio inflows.

Bloomberg Línea · Quoted expert ESOriginal title: Dólar débil sacude a economías dolarizadas: retos para Ecuador, Panamá y El Salvador en 2026

Dólar débil sacude a economías dolarizadas: retos para Ecuador, Panamá y El Salvador en 2026

Fortun assesses the effects of a weaker dollar on dollarized economies and distinguishes Bolivia's domestic currency shortage.

IIF Asia Economic Views: Japan After the Landslide

Jonathan Fortun / Institute of International Finance

Takaichi’s electoral landslide strengthens the ability to implement policy without removing Japan’s economic constraints. Stalled fiscal consolidation, weak domestic monetary transmission and trade frictions in autos limit the available options. Government bond yields and the yen increasingly reflect those fiscal and policy limits, making interest rate differentials alone an incomplete guide to market behavior.