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Turkey’s emissions targets will be missed

Location:

TURKEY

The destruction of Akbelen forest to provide coal for power plants highlights Turkey’s weak commitment to reducing carbon dioxide emissions. New coal-fired power plants are still…

US partnership will strengthen Vietnam’s balancing act

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VIETNAM

The United States thereby joined the small list of countries -- which includes China -- to have this level of diplomatic relations with Vietnam. Hanoi and Washington announced…

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Chinese firms will expand presence in South-east Asia

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CHINA/SOUTH-EAST ASIA

South-east Asia maintained its position as the largest recipient (40%) of China’s total Asia-Pacific engagement, which was valued at USD14.8bn, up USD12.4bn from 2022. In recent…

Political strife may hit business sentiment in Vietnam

Location:

VIETNAM

The government statement announcing the news alluded to “violations” and “shortcomings” that adversely affected public opinion and the CPV’s reputation. Thuong became president on…

Prospects for the global economy in 2024

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PROSPECTS 2024

Weak trade and fiscal policy constraints suggest global GDP growth will slow somewhat in 2024, with China and the United States losing momentum. Hopes for growth-boosting rate…

China issues may impinge on Australian-Philippine ties

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AUSTRALIA/PHILIPPINES

The two sides notably committed to planning joint patrols in the South China Sea, where the Philippines and China have competing claims. On September 7, Albanese said he would…

French government faces a difficult fiscal dilemma

Location:

FRANCE

As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…

Exports will drive recovery in Mexico’s auto sector

Location:

MEXICO

The new RVC should benefit North American automotive industry producers, in Mexico’s case underpinning the sector’s recovery from semiconductor shortages and the COVID-19 pandemic.

Vietnam will rethink its relations with Russia

Location:

VIETNAM

Vietnam is Russia’s closest partner in South-east Asia and has refused to criticise Moscow over the Ukraine war. Between 2000 and 2022, Russia accounted for more than 80% of…