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Egypt's budget sets ambitious revenue targets

Location:

EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Egypt’s new capital will not help the housing crisis

Location:

EGYPT

Effects of the new capital.

Prospects for the global economy to end-2021

Location:

PROSPECTS H2 2021

However, supply is struggling to keep pace with demand, and dislocation effects plus shortages of some critical goods and workers are raising prices. GDP growth forecasts for 2021…

Hungary must make real changes to unlock EU funds

Location:

HUNGARY/EU

The first triggering of the EU’s rule-of-law mechanism and the possibility of losing billions of euros as Hungary teeters on the brink of recession have put the government under…

Political crisis crimps urgent reform hopes in Brazil

Location:

BRAZIL

Mounting political and economic crisis.

Nigeria’s Buhari will sustain protectionist course

Location:

NIGERIA

Nigerian economic policy.

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…

Imposing Iraqi fiscal discipline will face challenges

Location:

IRAQ

The government is preparing to send the 2023 budget to parliament. Some politicians favour a large increasing in spending, giving little space for technocratic arguments that the…

China slowdown prompts 'supply-side' response

Location:

CHINA

China's economic slowdown has been gradual but, since the middle of last year, has been accompanied by a depressed property market and extreme volatility in capital markets.

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…