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Stock market rally has firm foundations but also risks

Location:

INTERNATIONAL

The US stock market and especially the seven largest technology companies have powered the rally, but markets in Europe and Asia have also risen on better-than-expected economic…

Local elections compound UK ruling party’s woes

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UNITED KINGDOM

The party also lost key mayoralty contests and a by-election in Blackpool South that featured the third-largest swing from the Conservatives to the opposition Labour Party since…

Kenya’s new budget targets significantly lower deficit

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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…

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…

Steady wage and price growth is in sight for Japan

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JAPAN

Yen weakness in the face of persistently strong US interest rates argues for further monetary tightening but that is countered by wage- and price-growth in Japan remaining below…

China’s local governments will accumulate hidden debt

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CHINA

Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…

Climate needs and debt to hit lower-income states hard

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INTERNATIONAL

Debt distress is related to both global financial conditions -- such as the strength of the US dollar -- and growing climate vulnerabilities. Greater attention and funding to…

Americas Act seeks to recover US role in Latin America

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LATIN AMERICA/US

US concerns have been growing over China’s increasing presence in Latin America. To date various US initiatives have failed to present an alternative to China’s expanding trade…

Incentives may fuel East Africa green transport growth

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EAST AFRICA

Driven in part by foreign exchange shortages and petroleum import costs, the measure also seeks to leverage Ethiopia’s own electricity resources to underpin a new ‘green…

Tunisia's economic challenges show no sign of abating

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TUNISIA

The economic situation is challenging: unemployment was 16.4% in the fourth quarter of 2023, and work and business opportunities are limited. The government has avoided a debt…