Search results

Poland, Czechia and Hungary may join euro, but not yet

Location:

EASTERN EUROPE

The Denkov administration that took office in June has set adopting the euro as a top priority, and blames the previous interim government for Bulgaria’s unpreparedness to join…

Elite deals prop up Kenya’s weak political stability

Location:

KENYA

Among other things, the three leaders discussed Odinga’s ambitions to become chairman of the African Union (AU) Commission. Alongside reform proposals made by a National Dialogue…

Turkey's return to economic orthodoxy may waver

Location:

TURKEY

The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…

North Caucasus will remain under Moscow's control

Location:

RUSSIA

Russia has managed to ensure relative order and stability in the region in recent years, with transfers from the federal budget helping tame local opposition groups that…

Weaker ruble will add to inflationary pressures

Location:

RUSSIA

The size of the rate hike attests to the CBR’s determination to tame domestic price rises at all costs, even though this is likely to restrict credit growth and dampen output. The…

End of post-1945 economic order bodes ill for growth

Location:

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…

Risks to the recovering Ukrainian economy will rise

Location:

UKRAINE

The economy has recovered somewhat from the one-third contraction in 2022 caused by Russia's invasion. Government spending, mainly on defence, dominates but agriculture has…

Qatar’s diversification plans will lag regional rivals

Location:

QATAR

PMI data indicate that the non-oil private sector continues to expand in 2023 as the government attempts to diversify its economic base away from gas dependency. Regulatory reform…

Pakistan faces long struggle to strengthen economy

Location:

PAKISTAN

The staff-level agreement on the package was announced on June 29, the day before an Extended Fund Facility (EFF) arrangement which Pakistan had with the IMF expired with around…

Debt deal improves the outlook for Zambia

Location:

ZAMBIA

Separately, it says it has now also opened talks with private bondholders to try to reach a similar understanding over USD3bn in dollar-denominated bonds.