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Brazil floods will become more common and costly

Location:

BRAZIL

As of May 13, 147 people had died, another 127 were missing and some 800 were injured as a result of the heavy rain that started in late April and the subsequent floods. Over…

Greek farmers will want sector profitability restored

Location:

GREECE

In response to farmers’ protests across the EU, including in Greece in February, the Commission is considering allowing farmers more flexibility in complying with new…

Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

North Caucasus will remain under Moscow's control

Location:

RUSSIA

Russia has managed to ensure relative order and stability in the region in recent years, with transfers from the federal budget helping tame local opposition groups that…

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…

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…

Honduras frustrations over lack of reforms will mount

Location:

HONDURAS

Slow progress in enacting reforms is fostering frustration among those who had hoped that Castro would prompt substantial change when she came to power two years ago. Her tax…

Mexico’s budgetary pressures will keep growing

Location:

MEXICO

The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.