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Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Doha will hedge against LNG dependence

Location:

QATAR

Earlier in January, it awarded contracts to increase and sustain output at its main oilfield. Doha wants to dilute its overdependence on a single commodity and to extract value…

Gulf economies are on a stable track despite risks

Location:

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…

Sanctions will increase risks for Russian economy

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RUSSIA

However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…

Dominican election result points to stability

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DOMINICAN REPUBLIC

His Modern Revolutionary Party (PRM) did similarly well, securing its largest-ever Senate majority and taking a majority in the Chamber of Deputies. Success was built on a strong…

Outlook is mixed for Indonesian economy

Location:

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…

Thailand will pursue a more proactive foreign policy

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THAILAND

Thailand is devoting more attention to foreign policy under Srettha. The fallout from the 2006 and 2014 coups adversely affected its foreign relations, but it retains an important…

Honeymoon period of Panama’s Mulino will be brief

Location:

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…

Brunei will step up efforts to diversify economy

Location:

BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

Tourism to drive Belize economic growth amid slowdown

Location:

BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…