Search results

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…

Early Argentine economic successes are unsustainable

Location:

ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Diamond sanctions will have a modest impact on Russia

Location:

RUSSIA

The ban will be extended by the end of the year to include diamonds polished in third countries, lab-grown diamonds, as well as jewellery and watches containing diamonds. The new…

Australian income tax changes will have limited impact

Location:

AUSTRALIA

Labor’s changes reduce help for higher earners and instead prioritise workers on low and middle incomes. Parties on the political right have condemned the move, but opinion polls…

South Africa faces fiscal reform challenges

Location:

SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

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…

Recovery of Russian consumption is likely to moderate

Location:

RUSSIA

Strong household demand, now restored to pre-war levels, mitigated the impact on GDP of falling exports last year. The consumer market is profoundly changed, with new brands from…

African debt distress increases instability risks

Location:

AFRICA

If it cannot pay or reach a bondholder deal within a 14-day grace period, it would become the third African country to default since 2020. These defaults reflect a broader…

Honduras frustrations over lack of reforms will mount

Location:

HONDURAS

Slow progress in enacting reforms is fostering frustration among those who had hoped that Castro would prompt substantial change when she came to power two years ago. Her tax…

Ankara will firmly focus on the economy

Location:

TURKEY

In the March 31 municipal elections, the main opposition Republican People’s Party (CHP), to which Imamoglu belongs, gained 37.8% of the vote nationally, beating the AKP in its…