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The sharp fall came days after President Alberto Fernandez announced that he would not seek re-election, prompting rumours of an imminent devaluation that the government blames on…
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DOI: 10.1108/OXAN-DB278772
ISSN: 2633-304X
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Low global oil prices and GDP declines in Russia and other trading partners caused a slowdown in growth in Kazakhstan in 2015 and early 2016. External shocks led to a large…
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DOI: 10.1108/OXAN-DB212240
ISSN: 2633-304X
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The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…
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DOI: 10.1108/OXAN-DB285892
ISSN: 2633-304X
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The economic effects were immediate: a sharp outflow of portfolio capital, which generated exchange rate devaluation of 27.3% in three months; a contraction in GDP, driven down by…
Planned pay increases in Egypt.
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DOI: 10.1108/OXAN-DB244007
ISSN: 2633-304X
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Apart from mounting frustration and economic pain, there is a marked shift in public opinion away from Vice-President Cristina Fernandez de Kirchner (CFK). Much remains unclear…
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DOI: 10.1108/OXAN-DB281679
ISSN: 2633-304X
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The target is highly optimistic. A recent upturn in headline growth reflects improved terms of trade and better performance in export-oriented sectors, notably tourism and…
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DOI: 10.1108/OXAN-DB274709
ISSN: 2633-304X
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Although pre-election spending normally militates against a sharp drop in growth in election years, there is little margin for this in a context of low reserves, spiralling…
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DOI: 10.1108/OXAN-DB279852
ISSN: 2633-304X
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Exports last year reached record levels, although imports were almost as high. President Luis Arce's government has had some success in reducing the fiscal deficit, but this too…
Massa also extended peso debt maturities through a successful debt swap. On the political front, he was able to overcome the resistance of Vice-President Cristina Fernandez de…