Search results

Prospects for the Russian economy to end-2023

Location:

PROSPECTS H2 2023

Despite recent economic stabilisation, future growth prospects are severely limited owing to Russia’s international isolation. A prolonged war in Ukraine would threaten the…

Australian budget offers modest pre-election spending

Location:

AUSTRALIA

The surpluses seen this year and last have proved an unexpected bonus for Labor and will enable a modest spending increase as the party prepares for the general election due by…

Romania will not meet OECD goals by date set

Location:

ROMANIA

The government regards joining the OECD as a national objective. Having opened accession negotiations in January 2022 and received its roadmap that June, the publication last…

Militarisation will cause rising distortions in Russia

Location:

RUSSIA

Record levels of defence spending have led to surging demand for inputs used to manufacture military equipment, driving up output across various sectors. However, evidence of…

Dominican monetary policies pave way for growth

Location:

DOMINICAN REPUBLIC

The relative sluggishness is due partly to the delayed impacts of financial tightening and reduced global demand. While domestic demand has been the primary engine of growth, the…

Brazil economic momentum will slow in coming quarters

Location:

BRAZIL

The expansion was largely driven by a booming agricultural sector, whose output rose by 21.6%. The services sector, which accounts for around two-thirds of added value in the…

Morocco will struggle to lift growth rates

Location:

MOROCCO

This is below the medium-term target of average annual real GDP growth of 6%, with economic performance largely affected by poor agricultural harvests. There was a modest recovery…

Brazil labour market improves but doubts will persist

Location:

BRAZIL

Unemployment fell to 7.4% at the end of 2023. Despite a fall in the participation rate, the positive figures also show that over 100 million people are currently employed…

Rapid recovery will prove elusive in Argentina

Location:

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…

Norway will struggle to cut dependence on oil and gas

Location:

NORWAY

Norway’s importance as Western Europe’s only significant hydrocarbons exporter has increased in the wake of Russia’s war in Ukraine. Its contribution might be good for Europe’s…