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Structural problems threaten fast Hungarian growth

Location:

HUNGARY

After decades of delayed structural transition, Prime Minister Viktor Orban's government is presenting recent rapid growth as evidence of its successful management of the economy…

COVID responses will impact Canada provincial politics

Location:

CANADA

Although the pandemic is beginning to recede in much of Canada, the federal and provincial governments are preparing for the onset of winter and its likely impact on case counts…

Hoped-for Balkan tourism recovery is unlikely in 2022

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BALKANS

After the COVID-19 pandemic devastated the tourist sector in 2020 and 2021, countries where tourism is important were eyeing a ‘golden year’ in 2022 now that most travel…

Third COVID wave calls for caution from Erdogan

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TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…

Ukraine hopes for lockdown-light recovery

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UKRAINE

Since the initial lockdown of March-May 2020, the government has prioritised economic reopening. This has had some success: last year's GDP contraction was less severe than many…

Further devaluation of Nigeria’s naira is likely

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NIGERIA

This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…

High inflation will curb Baltic growth rates in 2022

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BALTIC STATES

Between the beginning of 2021 and April 2022, inflation in the three Baltic states went from near-zero to double digits. The acceleration was initiated by higher energy prices in…

The Fed will be very cautious about policy tightening

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UNITED STATES

The Fed targets an average annual inflation rate of 2% but, under its 2020 monetary policy framework, will tolerate a moderate overshoot to make up for past low inflation. The Fed…

Prospects for the global economy in 2021

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PROSPECTS 2021

Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…

Russia extends cheap mortgages to boost construction

Location:

RUSSIA

The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…