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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…

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…

Macron faces political risks over French fiscal woes

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FRANCE

The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…

Mexico candidates’ economic plans are overly ambitious

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MEXICO

Their economic proposals are intended to impress voters but seem largely uncosted and risk generating unrealistic expectations of the winner. Polling points to a clear victory for…

Brazil food security improves but inequality persists

Location:

BRAZIL

Of those, 8.7 million, or 4% of the population, went hungry. This represents a substantial drop from recent years, thanks to a mix of policy action and positive economic…

Pakistan will be optimistic about its IMF talks

Location:

PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…

Australian budget offers modest pre-election spending

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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…

Salvini faces a major leadership test in Italy

Location:

ITALY

The League’s support has plummeted over the past few years, compounded by poor results in regional elections earlier this year. Internal critics are also increasingly…

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.

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…