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Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Post-election Argentine economy appears unsustainable

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ARGENTINA

However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…

Sweeping Argentina reforms will risk more instability

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ARGENTINA

The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…

Early Argentine economic successes are unsustainable

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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…

Egypt’s balance of payments will get short-term relief

Location:

EGYPT

These flows have been supplemented by a resurgence of portfolio investment in high-yielding government securities, while remittances are now flowing via the banking system rather…

Argentina's policies raise more questions than answers

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ARGENTINA

This followed congressional approval of the government’s ‘base law’ and tax package, designed to strengthen public finances, modernise the labour market and attract foreign…

Egypt will face multiple risks in 2024

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PROSPECTS 2024

This will make for a challenging start of President Abdel-Fattah el-Sisi’s third term, after he is inevitably re-elected in December this year. Meanwhile, the government will also…

Votes threaten to compound Bolivia political turmoil

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BOLIVIA

The electoral authorities will nevertheless need to organise judicial elections, set for December. They may also face the task of staging a three-issue referendum before year-end…

Kenya’s new budget targets significantly lower deficit

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KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Egypt will focus on boosting industrial output

Location:

EGYPT

Stabilisation measures implemented with Gulf assistance this year have created a platform for manufacturing growth. If this can be directed to boost manufactured exports, it would…