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Turkey's return to economic orthodoxy may waver

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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…

Mexican fiscal orthodoxy to be maintained amid crisis

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MEXICO

Public finances have not so far deteriorated as dramatically as they might have done, considering the economic contraction caused by the COVID-19 pandemic. This is explained…

Elections may end attempts at orthodoxy in Argentina

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ARGENTINA

Lower spending and a contraction in the monetary base have helped reduce the gap between the official and informal exchange rates and devaluation expectations. The government also…

Mexico’s orthodox budget will face pressures

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MEXICO

Mexico’s new government submitted its 2019 economic package to Congress on December 15, including the budget and revenue legislation, and macroeconomic assumptions and…

Bet on Canada's spending poses risks for Trudeau

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CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

Prospects for US politics in 2018

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PROSPECTS 2018

Prospects for US politics in 2018.

Economic orthodoxy will face challenges in Argentina

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ARGENTINA

The 2021 budget implies a significant fiscal adjustment, with the primary deficit falling from 7-8% of GDP in 2020 to 4.5% in 2021, mainly due to the end of the pandemic relief…

Turkey’s policy uncertainty will worry investors

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TURKEY

The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…

Germany's EU leadership role to become more difficult

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GERMANY

Germany's post-Brexit EU policies.

Castillo cabinet points to troubles ahead in Peru

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PERU

The delayed ratification of Pedro Francke as finance minister was designed to calm concerns. Castillo’s agenda, outlined in his Independence Day speech to Congress, sought to…