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Governance in Brazil will become more challenging

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BRAZIL

When credit rating agency Standard & Poor's downgraded Brazil's foreign currency debt to 'junk' status on September 9, it cited "political challenges" "weighing on the…

Canadian budget will constrain future governments

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CANADA

This is Canada's first balanced budget since the 2008-09 financial crisis, but had been delayed by about two months. This was ostensibly due to the government's need to…

Temer would seek orthodox policy turn in Brazil

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BRAZIL

The impeachment process will now be sent to the Senate. If a majority of the 81 senators accept its continuation, Rousseff will be suspended initially for 180 days while the…

Markets do not expect Hungary to quell inflation

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HUNGARY

This was legislating by decree; the announcement gave few details of the changes from the budget passed in parliament in mid-2022. The announcement did say an increase in the…

Milei Argentina plans raise more doubt than certainty

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ARGENTINA

LLA has capitalised on growing discontent with politics after over a decade of economic stagnation, high inflation and increasing poverty. Milei’s discourse against what he calls…

Poland's economic outlook will be uncertain under PiS

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POLAND

Amid an ongoing constitutional crisis, the Law and Justice (PiS) government, which was sworn into office on November 16, has been busy revising fiscal targets and agreeing draft…

Prospects for the United Kingdom in 2017

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PROSPECTS 2017

Prospects for the United Kingdom in 2017.

London may seek to slow UK-EU regulatory divergence

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UK/EU

The bill lays down that all EU-derived ‘secondary’ legislation be reviewed or revoked by the end of 2023. The bill encapsulates consecutive Conservative governments' efforts to…

Puerto Rican budget and statehood wrangles will worsen

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PUERTO RICO

Fiscal pressures are causing controversy in Puerto Rico, but so too is fiscal policy-making. On July 5, Governor Ricardo Rossello announced that he would seek a court injunction…

Sanctions will reduce Russia’s oil exports eventually

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RUSSIA

In June 2022, Russia booked almost twice the revenue (USD20.4bn) from such exports. Declining oil income poses a serious challenge to the administration of President Vladimir…