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Colombia’s economy faces sluggish growth in 2024

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COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

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…

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…

Swedish minority government will hold together for now

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SWEDEN

Curbing immigration is a central element in the agreement between the minority government and the far-right Sweden Democrats (SD) to secure their support in parliament. One year…

French government faces a difficult fiscal dilemma

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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…

Laos is at growing risk of sovereign debt default

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LAOS

According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…

French growth will be weak over the coming quarters

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FRANCE

France’s economy has performed better than its peers this year, due to weaker inflationary pressures and strong export performance in the second quarter. However, the latest…

Greek ruling party could suffer losses in EU elections

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GREECE

The vote comes a year after the centre-right New Democracy (ND) party of Prime Minister Kyriakos Mitsotakis was comfortably re-elected in the country’s parliamentary polls…

Eastern EU will push Brussels for more farm aid

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EASTERN EU

Farmers in Central and Eastern Europe (CEE) are demanding strong government support as they deal with droughts and the economic ripple effects of Russia’s invasion of Ukraine…

Australian budget offers modest pre-election spending

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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…