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Capex proves a blunt policy instrument for China

Location:

CHINA

Recent developments suggest that policymakers are happy with slower investment growth, but worry about the possibility of an abrupt slowdown in lending and the risk that household…

India’s budget plan risks being self-defeating

Location:

INDIA

Total expenditure is projected at INR39.5tn (USD524.4bn), about 5% higher than the revised estimate for 2021/22. However, capital expenditure (capex) is expected to be more than…

Argentina-IMF deal may offer only short-term solution

Location:

ARGENTINA

The deal must still be approved by the Senate and by the IMF Board. This must happen before March 22 to avoid a default on a USD3.2bn repayment due on that date, which the…

Low oil prices will force policy choices on Azerbaijan

Location:

AZERBAIJAN

The impact of prolonged low oil prices.

Azerbaijan faces hard search for new growth drivers

Location:

AZERBAIJAN

The government wants to develop non-hydrocarbon sectors to offset the growth and fiscal problems stemming from lower global oil prices. The economy contracted in 2016 for a second…

Monetary tightening carries high cost in Argentina

Location:

ARGENTINA

Despite its commitment to a floating exchange rate, the government has been forced to prioritise exchange rate stabilisation. After the change of Central Bank (BCRA) authorities…

Zimbabwe's economic plans unlikely to prompt recovery

Location:

ZIMBABWE

The 2017 budget.

Low oil prices set to accelerate Gulf subsidy reform

Location:

GULF STATES

The sharp drop in oil prices to around 50 dollars, half their average level last year, has forced a serious fiscal rethink among the six Gulf Cooperation Council (GCC) states, who…

Saudi capital spending allocations are on the rise

Location:

SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Nigeria's development plan will not deliver results

Location:

NIGERIA

The plan aims for 85% funding by private capital, with the balance coming from federal and state governments. It also envisions 5% average annual GDP growth over the period, and…