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China’s property downturn resolution will take years

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CHINA

The housing market is experiencing its largest downturn, triggered by government action in 2020 to limit financial risks from the property sector by introducing debt ceilings for…

End of post-1945 economic order bodes ill for growth

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INTERNATIONAL

The system of international institutions to promote cooperation and open trade was built on the political preferences of a group of the world's wealthiest states. Over time, the…

Zambia edges towards a resolution of its debt crisis

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ZAMBIA

The deal also appears to have satisfied official creditors, which had blocked an earlier deal on the basis that it granted bondholders more favourable terms than official…

Ethiopia faces tough negotiations around IMF programme

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ETHIOPIA

Addis Ababa must reach an agreement with the IMF to honour its commitments under its debt-service suspension agreement with official creditors. Thereafter, further talks will be…

Ghana faces potential obstacles in debt talks

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GHANA

This follows a January agreement with official creditors, who are owed approximately USD5.4bn. That allowed the country to receive the second disbursement of USD600mn from the IMF…

Rising Russian investment will cause structural change

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RUSSIA

The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…

Peace in Ethiopia’s Tigray region remains fragile

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ETHIOPIA

The meeting comes amid escalating rhetoric over the failure to implement key aspects of the agreement, and warnings of the risk of famine and even the potential for renewed…

Interest rate uncertainty keeps pressure on US bonds

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INTERNATIONAL

The Fed and ECB seem set to diverge, with the latter expected to cut rates in June. There is a rising prospect, bolstered by the resilient US labour market and Middle East…

El Salvador poverty will create problems for Bukele

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EL SALVADOR

President Nayib Bukele is highly popular, having implemented hard-line security policies that have reduced murder rates dramatically. He was re-elected in February by a landslide…

Iran will temporise over the broken pensions system

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IRAN

The country’s system of pension funds has long been close to bankruptcy, but awareness of the urgency of the issue has increased over the past year. Nonetheless, proposed pension…