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Elections could prove awkward for Maldives president

Location:

MALDIVES

The two parties associated with him are currently in the minority in the unicameral legislature. Muizzu came to power after winning last year’s presidential race. He was a…

Next UK government will have limited fiscal space

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UK

The party has been cautious regarding its economic plans, reflecting the difficult fiscal situation it will encounter should it win in July. Low growth and rising debt mean that…

Outlook is mixed for Indonesian economy

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INDONESIA

A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…

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…

ASEAN leadership will stretch Laos in 2024

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LAOS

The theme it has chosen for its chairmanship is ‘enhancing connectivity and resilience’. The reference to ‘resilience’ is apt, as Laos is attempting to manage severe economic…

Post-poll turmoil may worsen Pakistan’s economic woes

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PAKISTAN

The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…

Egypt's economy will stand on firmer ground

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EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

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…

Politics may roil Seoul’s recovery and policy plans

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SOUTH KOREA

The opposition-controlled National Assembly finally passed the 2024 budget on December 21, 19 days after the legal deadline. December also saw a rolling reshuffle which replaced…

China's presence in Central America will strengthen

Location:

CENTRAL AMERICA

Nicaraguan lawmakers approved a Chinese loan for a new airport last month, negotiations with Honduras over an FTA are progressing and the new government of Guatemala -- Taiwan’s…