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Kuwait faces severe fiscal challenges into medium term

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KUWAIT

Finance Minister Anwar al-Mudhaf has repeatedly stated his intention to pursue radical fiscal and economic reform. As directed by the emir, the new government, appointed in May…

Australia's stubborn inflation may trigger a rate rise

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AUSTRALIA

The uptick in inflation also raises questions about the Labor government’s efforts to reduce living costs as it prepares for an election in mid-2025. Opinion polls indicate that…

Establishment parties could hold ground in Romania

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ROMANIA

The far-right Alliance for the Union of Romanians (AUR) made significant gains even though it performed slightly worse than opinion polls had predicted. Nonetheless, its rise…

Argentina's policies raise more questions than answers

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ARGENTINA

This followed congressional approval of the government’s ‘base law’ and tax package, designed to strengthen public finances, modernise the labour market and attract foreign…

India budget reflects pressures of alliance politics

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INDIA

This supersedes the interim budget presented in February. Prime Minister Narendra Modi won a third straight term at the April-June general election, but his ability to command a…

Somalia and Turkey may struggle to realise oil deal

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SOMALIA/TURKEY

The deal builds on the recent ten-year agreement on maritime defence cooperation. Somalia is believed to have significant onshore and offshore oil and gas potential. However…

Coalition tensions will persist over German budget

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GERMANY

This follows several weeks of acrimonious internal debates, after a previous budget draft from early July had to be scuppered due to concerns over its legality. The new deal…

Election pressures will undermine German government

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GERMANY

The centre-right Christian Democratic Union/Christian Social Union (CDU/CSU), far-right Alternative for Germany (AfD) and the far-left Alliance Sahra Wagenknecht (BSW) were the…

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…

Senegal's new president may face obstacles to reform

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SENEGAL

This follows an upset March 24 victory over his main opponent, ruling party candidate Amadou Ba. Faye ran in place of main opposition leader Ousmane Sonko, who was barred from…