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Trudeau budget accepts debt while going for growth

Location:

CANADA

Containing stimulus measures worth over CDN100bn (USD80bn), it aims to nurture and sustain a post-COVID recovery that is now expected to see growth of 6.5% this year. However, it…

Slow productivity will weigh on UK economy

Location:

UNITED KINGDOM

This is the result of low levels of private and public investment, deficiencies in skills and training, and contractionary fiscal policy. The government is intent on addressing…

OECD/G20 digital tax reform is highly unlikely

Location:

INT

The new tax framework's first pillar would establish a formula to divide tax rights between digital firms' host countries and user markets; and the second would fix a global…

Trade and politics will weigh on Spanish economy

Location:

SPAIN

Slowdown in the Spanish economy.

EU green ambitions are strongly reflected in budget

Location:

EU

Overall, some 30% of the budget will involve climate-related spending. One of the key reforms concerns the EU’s own resources mechanism to finance spending, with plans to…

Euro-area COVID-19 recovery could be L-shaped

Location:

EU

Euro-area outlook.

Costa’s victory strengthens stability in Portugal

Location:

PORTUGAL

The PS has led the previous two governments, but this result means Costa will lead a majority government for the first time and thus will no longer require support from radical…

Southern Europe faces long recovery after COVID-19

Location:

EU

The pre-pandemic state of many southern economies, embodied by high levels of debt and low growth potential, will make it more difficult for these countries to offset the…

Romanian recovery plan renews state capacity doubts

Location:

ROMANIA

The plan includes ambitious reforms and investment projects, but the Commission’s critical first reactions highlight questions around the feasibility of some of these reforms and…

Philippine leader will put off tackling thorny issues

Location:

PHILIPPINES

The address laid out the new administration’s policy objectives for the coming year and Marcos’s broad goals for his six-year term. It gave little indication of the president’s…