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Romanian fiscal and external deficits will remain wide

Location:

ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

Chile constitutional reform will not bring consensus

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CHILE

This is Chile’s second attempt to agree on a new constitution, following the overwhelming defeat of a previous proposal in a referendum in September 2022.

Kenya faces growing fiscal consolidation challenges

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KENYA

The weakness of the Kenyan shilling, which is constantly hitting new record lows, has generated so much concern that, on October 24, parliament summoned the central bank governor…

Fast fashion industry growth diminishes ESG gains

Location:

INT

Post-pandemic, UFF companies have further increased the speed of production and distribution cycles to achieve record sales, while the main fast fashion brands are trying to…

Canada's economy likely to be central electoral issue

Location:

CANADA

The statement projects substantially higher deficits than previously forecast, together with slower reductions in debt. In terms of expenditure, the items on the Liberal…

Strains of war are beginning to show in Russia

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RUSSIA

The invasion of Ukraine is causing strains in Russian society to show, with opposition to another mobilisation and rising appetite for peace talks. The economy is overheating in…

Brazil's fiscal situation will improve gradually

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BRAZIL

That followed a primary surplus equivalent to 0.5% of GDP in 2022. The negative result in 2023 was partly caused by exceptional circumstances, notably the early payment of…

EU will struggle to meet new climate targets

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EU

If approved, the targets will profoundly shape EU economic and environmental policy over the next two decades. The power sector will bear most of the decarbonisation burden to…

Japan will raise defence spending and cut deficits

Location:

JAPAN

The budget is likely to be enacted by the end of the current fiscal year in March 2024. Rapidly increasing military spending reflects drastic changes in Tokyo’s defence policy. On…

Germany will struggle to meet its defence objectives

Location:

GERMANY

The target will be met through the regular budget and the EUR100bn (USD104bn) special defence fund, which is due to be exhausted by the end of 2027. There is no cabinet consensus…