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Tourism to drive Belize economic growth amid slowdown

Location:

BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

German spending crisis will have key implications

Location:

GERMANY

The ruling means there is a gap of at least EUR17bn (USD18.4bn) in next year’s spending that needs to be addressed. The coalition parties are divided on how to resolve the issue.

Downside risks to China’s growth target are mounting

Location:

CHINA

The 6.3% year-on-year growth posted for the second quarter was distorted by COVID-19 lockdowns in Shanghai and other major cities in the same period last year. Accordingly…

Gulf economies are on a stable track despite risks

Location:

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…

Outlook is mixed for Indonesian economy

Location:

INDONESIA

A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…

Investor confidence in Turkey will rise slowly

Location:

TURKEY

The move is part of the government’s new more orthodox economic policy, which was adopted following President Recep Tayyip Erdogan’s re-election in May. The change of policy…

Turkey plans for competitive industries, lower imports

Location:

TURKEY

Development plans define what constitutes mainstream social and economic policy in Ankara. This plan lays out the intentions of President Recep Tayyip Erdogan’s Justice and…

Basic Policy signals Tokyo’s economic direction

Location:

JAPAN

These policies also foster communication between government and business, labour unions and other stakeholders. Continuity of policy is matched this year by adjustment in response…

Middle East and North Africa will lead tourist rebound

Location:

MIDDLE EAST/NORTH AFRICA

The Middle East has been a key market in the post-pandemic rebound in global tourism, boosted by one-off events in the Gulf Cooperation Council (GCC) in 2022. GCC states are…

New Brazil infrastructure plan still faces obstacles

Location:

BRAZIL

Infrastructure investments arising from auctions planned in 2023 and 2024 are expected to reach BRL125.4bn. However, infrastructure needs are vast and remain an obstacle to…