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Portugal's growth will accelerate mildly in 2016

Location:

PORTUGAL

Growth slowed in the first quarter, as the drag from net exports more than offset accelerating private consumption

Regressive tax bill may offset rising US minimum wages

Location:

UNITED STATES

Minimum wages rose in 22 states in 2017, adding impetus to rising wages for the lowest earners after years of stagnation

Swiss growth may accelerate, but franc is key risk

Location:

SWITZERLAND

Growth is subdued, as the impact of the strong currency offsets any stimulus provided by negative interest rates

Social cohesion is vital to promote long-run growth

Location:

INT

Strong social and human capital can offset costs such as technologically stranded workers

East Africa struggles to capitalise on cheap oil

Location:

AF

Expectations of benefits from a lower oil price are being tested

Turkey to flirt with crisis despite its net trade boom

Location:

TURKEY

Erdogan’s export-led GDP policy has supported five quarters of 6%+ GDP growth, but the lira has plunged since September

AI proliferation will have serious environmental costs

Location:

INT

Recent breakthroughs in AI will intensify the digital economy’s environmental footprint

Demographics further darken Italy’s economic prospects

Location:

ITALY

An ageing population and weak demand for legal migration pose risks to Italy’s long-term economic outlook

Euro-area may avoid recession in 2023

Location:

EURO-AREA

The macroeconomic impact of the war in Ukraine has been less serious for the euro-area than initially feared

Higher interest rates will stress real estate activity

Location:

INTERNATIONAL

House prices have risen by 15% in emerging nations since end-2019 and 26% in advanced nations but price growth will slow