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Spain will pursue a ‘progressive’ policy agenda

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SPAIN

The government’s headline policy promises are to be financed by higher taxes and EU funds, while observing the EU's excessive deficit limit. The government’s most contentious and…

New Brazil infrastructure plan still faces obstacles

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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…

Honeymoon period of Panama’s Mulino will be brief

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PANAMA

Mulino assumed the candidacy late in the race, after former President Ricardo Martinelli (2009-14) was disqualified over a corruption conviction. The new president will face…

German spending crisis will have key implications

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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.

Prospects for South Africa in 2024

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PROSPECTS 2024

Macroeconomic prospects depend on whether Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS) achieves traction with potentially hostile audiences…

War in Ukraine will impel Kazakhstan to diversify

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KAZAKHSTAN

Kazakhstan’s economy has weathered well the turbulences created by the war in Ukraine. A new context for the country’s traditional aspirations to balance and diversify economic…

South Africa faces fiscal reform challenges

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SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.