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AI's promise and pitfalls will affect key domains

Location:

INT

AI promises to drive economic efficiencies across sectors, improve the delivery of critical services such as healthcare, democratise access to knowledge and skills, and tighten…

Flat US defence spending puts Pentagon under pressure

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US

While Congress broadly supports existing defence programmes and the current level of spending, an increase below inflation leaves the Pentagon struggling to manage current…

Russia's overheating economy will cool

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RUSSIA

Soaring government spending, driven by the war in Ukraine, has pushed economic activity beyond levels many thought possible given the available supply of labour and capital. Yet…

Japan’s wage hikes will expand income gaps

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JAPAN

Elevating stagnant wages is Tokyo’s top priority and anti-deflation tool, necessary in creating a virtuous cycle of rising prices and incomes that boosts economic growth.

China’s army will step up reform efforts

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CHINA

This was consistent with a long-running emphasis on preparing the PLA for future warfare that involves new types of informational and technological dynamics. One effect will be to…

Asia ‘ex-China’ investment will struggle for traction

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ASIA

There is sizeable demand for financial assets and products in Asia that exclude China. However, investor expectations that the US Federal Reserve (Fed) will not cut interest rates…

Attracting investment may prove difficult in Nigeria

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NIGERIA

However, these macro-level improvements belie both uneven reform implementation and the worsening economic environment faced by most Nigerians.

China’s local governments will accumulate hidden debt

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CHINA

Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…

Eastern members risk falling behind rest of EU

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EU

Speaking on the occasion, European Commission President Ursula von der Leyen said that, over the past 20 years, the promise of stability and prosperity has been fulfilled…

Rapid recovery will prove elusive in Argentina

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ARGENTINA

The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…