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Earthquakes may dent but not halt Turkish tourism boom

Location:

TURKEY

Turkey’s tourism sector, which is an important source of foreign exchange, economic activity and employment, could have a record year in 2023. Foreign visitor arrivals could grow…

Decarbonisation to test the boom in business aviation

Location:

INTERNATIONAL

Though the level of increase is disputed, it is unarguable that emissions per passenger on private jets are a multiple of those for passengers on commercial airlines. Partly for…

Prospects for the euro-area to end-2023

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PROSPECTS H2 2023

Tourism and other customer-facing sectors are growing solidly even though above-target inflation is squeezing disposable incomes. However, strong services activity is keeping core…

Turkey-Europe economic and business ties will weaken

Location:

TURKEY

That represented a 1.9-percentage-point (pp) rise in import share and a 0.4-pp fall in export share. Turkey's economic and commercial ties with Europe (EU and non-EU) are strong…

Bahrain’s tourism strategy will face stiff challenges

Location:

BAHRAIN

Tourism development forms a key plank of Bahrain’s long-term economic growth strategy. However, almost all its Gulf peers are pursuing the same goal, armed with often-superior…

Eased travel to China will have limited success

Location:

CHINA

Measures include relaxed visa requirements and improved payment options. Visitors from some European and South-east Asian countries have joined a group of 17 other countries that…

Prospects for the euro-area in 2024

Location:

PROSPECTS 2024

GDP contracted by 0.1% quarter-on-quarter in July-September, according to updated estimates from Eurostat this month, having grown by 0.2% in the second quarter and not at all in…

Saudi Arabia’s football league will grow strongly

Location:

SAUDI ARABIA

In June, the Saudi sovereign wealth fund, the Public Investment Fund (PIF), took over four domestic football clubs, including Al Hilal. The PIF is aggressively targeting European…

Risks threaten optimistic Greek growth forecasts

Location:

GREECE

After the 2021-22 post-pandemic rebound, growth is stabilising at around 2%. Barring new external shocks, it is expected to remain at this level in the coming years. Improved…

North Korea will not reopen fully post-pandemic

Location:

NORTH KOREA

Pyongyang has yet to announce any formal reopening, and probably never will. However, several indicators show that cross-border personnel movements are finally resuming, including…