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Eastern Europe's rate policies diverge with Czech cut

Location:

EASTERN EUROPE

The NBP is not cutting interest rates further partly because of tensions with Prime Minister Donald Tusk’s pro-EU government, following the defeat of the nationalist Law and…

Australian income tax changes will have limited impact

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AUSTRALIA

Labor’s changes reduce help for higher earners and instead prioritise workers on low and middle incomes. Parties on the political right have condemned the move, but opinion polls…

Rapid recovery will prove elusive in Argentina

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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…

Brazil labour market improves but doubts will persist

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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…

Philippine leader faces fight to sustain popularity

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PHILIPPINES

The speech notably identified several economic challenges facing the country, ranging from curbing inflation to creating jobs. Marcos registered high approval ratings during the…

Romanian fiscal and external deficits will remain wide

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ROMANIA

Romania is among the member states liable to the EDP. Although its debt is relatively low at 47.9% of GDP, Romania has wide budget and current account deficits, yet its tax-to-GDP…

Early Argentine economic successes are unsustainable

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ARGENTINA

The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…

Post-election Argentine economy appears unsustainable

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ARGENTINA

However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…

Poland’s expected new government faces range of risks

Location:

POLAND

Financial markets are betting that ending the Law and Justice (PiS) party’s eight-year rule will help unlock EU funds, strengthen Poland’s institutions and increase its…

US states will struggle to manage declining revenue

Location:

UNITED STATES

With DeSantis challenging Donald Trump for the Republican presidential nomination, his ‘Framework for Freedom’ budget contains several measures boosting his campaign. A slowdown…