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IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Cuban discontent will be muted despite economic woes

Location:

CUBA

At the same time, private businesses have been allowed to import as never before. New privately owned shops caters to those with hard currency, but for most people the economic…

Zimbabwe economic pressures will linger

Location:

ZIMBABWE

Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Zimbabwe economic crisis may escalate further

Location:

ZIMBABWE

Since the abandonment of the multi-currency regime in June, the new Zimbabwe dollar has lost almost 60% of its value relative to the US dollar. The parallel market for foreign…

South African turnaround strategy may disappoint

Location:

SOUTH AFRICA

After the economy's recent shock entry into technical recession, Ramaphosa's administration is attempting to show its commitment to growth-boosting reforms.

Costly food will spotlight neglect of Turkish farming

Location:

TURKEY

This exceeds overall consumer price inflation of 15.9%. Besides causing public alarm, high food prices could indicate that Turkey is barely managing to feed its growing…

Ukraine president gains from economic data and policy

Location:

UKRAINE

The decision to reduce gas prices -- a gift to President-elect Volodymyr Zelensky, as it chimes with the anti-austerity messaging of his election campaign -- and not to raise…

Parties will raise Turkish voters' economic hopes

Location:

TURKEY

Parties' pre-election promises on the economy.