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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…

South Africa faces fiscal reform challenges

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SOUTH AFRICA

However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.

South African 2020 budget may delay Moody's downgrade

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SOUTH AFRICA

While the measures have been welcomed by investors, they depend on Pretoria reaching a deal with civil servants, whose unions have denounced the government’s plans.

Greek government has made good start towards recovery

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GREECE

Mitsotakis government’s first moves.

South African Reserve Bank will reaffirm independence

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SOUTH AFRICA

Although the bank has acted on various fronts to support the economy, including a limited bond-buying programme, it continues to resist calls for full-blown quantitative easing…

Latin American fiscal deficits may prompt budget cuts

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LATIN AMERICA

Latin America's fiscal challenges.

New tech board will cut China’s reliance on US market

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CHINA

Modelled on Nasdaq, the Shanghai Sci-Tech Innovation Board is another step in China’s ambitions to become a global leader in the digital economy.

Economic reforms face challenges in Ecuador

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ECUADOR

Economic reforms.

Major tests lie ahead for Ecuador’s Noboa

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ECUADOR

The legislation’s smooth journey through Congress illustrates the pragmatic relationship Noboa has established with the legislature. This, however, will be difficult to maintain…

Vietnam will likely miss 2023 GDP growth target

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VIETNAM

GDP growth slowed to 3.3% year-on-year in the first quarter. The slowdown was mainly due to the decline in exports, with Vietnam’s top export markets -- the United States, the EU…