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Iraqi Kurds’ economic recovery will be limited

Location:

IRAQ

The economic outlook for Iraq’s Kurdish region.

IMF will worry about Cairo's debt burden later

Location:

EGYPT

The review will take into account the effects of measures taken thus far, in particular the flotation of the Egyptian pound, and will assess the government’s budget for the…

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

Philippines budget will help state and business

Location:

PHILIPPINES

The budget was submitted on August 15 and is President Rodrigo Duterte's first. It is mildly expansive, focusing on the new administration's priorities of infrastructure, law and…

2023 will test East European V4 economies’ resilience

Location:

EASTERN EUROPE

Economic hardship may be increasing support for populism and far-right politics, especially in the more vulnerable Slovakia and Hungary. Proximity to the war, including spending…

South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

Emerging Asia activity will slow despite China rebound

Location:

INTERNATIONAL

ASEAN's growth is nevertheless expected to outpace global growth, of which China and India are expected to contribute more than 50% -- India about 15% and China around 35%.

Inflation and deficits may upset Hungary’s economy

Location:

HUNGARY

Hungary’s inflation rate was the EU’s highest in spring 2021. Spending promises and tax cuts ahead of elections due by spring 2022 are widening the budget deficit. Prime…

GDP growth of 3% cannot be sustained in South Korea

Location:

SOUTH KOREA

This assumes optimistically that its policies are quick to boost growth in the second half of 2017. However, Bank of Korea data showed on July 27 that annual growth slowed to 2.7…

Turkey must reform structurally to meet fiscal targets

Location:

TURKEY

The draft foresees a central administration budget deficit of 80.6 billion lira (14.3 billion dollars) or 1.8% of GDP. Maintaining fiscal discipline would bolster international…