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Canada statement prefigures likely early election

Location:

CANADA

The government expects a CAD381bn (USD297.5bn) deficit for fiscal year 2020-21 (ending March 31). It also promised a CAD100bn stimulus package from calendar 2021, in further…

The great GDP contraction may herald huge crowding out

Location:

INTERNATIONAL

Economic stimulus schemes and gaps.

Sound finances will help Russia navigate dual shocks

Location:

RUSSIA

The collapse in commodity prices, above all oil, plus the impact of an extended lockdown have depressed Russia's exports, investment and consumption. The economic prospects could…

A full public debt restructuring overhaul is unlikely

Location:

INTERNATIONAL

The stock of EM debt has multiplied since 2000, accompanied by legal difficulties for borrowers falling into distress. Some economists are calling for a complete overhaul of the…

State intervention in UK economy could increase

Location:

UNITED KINGDOM

COVID-19 UK economic impact.

Poland's economic outlook will be uncertain under PiS

Location:

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…

EU will push healthcare in African diplomacy

Location:

EU/AFRICA

This has sought to guard against negative perceptions of the bloc and counteract China’s competitive ‘mask diplomacy’. The importance of EU-African health partnerships is set to…

India’s budget plan risks being self-defeating

Location:

INDIA

Total expenditure is projected at INR39.5tn (USD524.4bn), about 5% higher than the revised estimate for 2021/22. However, capital expenditure (capex) is expected to be more than…

Russian regions are to halve deficits this year

Location:

RUSSIA

Last year, these transfers hit a record level, as Moscow issued extra money to help regions cope with the COVID-19 pandemic, but this was still not enough to cover all their…

Deteriorating external environment is main Greek risk

Location:

GREECE

ND development plan.