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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…

Prospects for African economies to end-2023

Location:

PROSPECTS H2 2023

The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…

Ethiopia faces tough monetary and fiscal rebalancing

Location:

ETHIOPIA

Numerous domestic and external shocks have rocked the macroeconomic environment in recent years, aggravating high inflation and chronic foreign exchange (forex) shortages…

Hoped-for Balkan tourism recovery is unlikely in 2022

Location:

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…

Angola's renewed China dependence will bring more pain

Location:

ANGOLA

However, China’s insistence on negotiating debt relief bilaterally and on a loan-by-loan basis will delay efforts to reschedule borrowing, jeopardising Angola’s debt…

Humanitarian and social pressures will rise in Iran

Location:

IRAN

US sanctions are nevertheless causing major difficulties for importers. Even for trade that is technically exempt from sanctions, notably food and medicines, a lack of financial…

Prospects for East African politics to end-2020

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PROSPECTS H2 2020

However, the political, economic and social reverberations look set to have a significant impact.

Third COVID wave calls for caution from Erdogan

Location:

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…

Eastern EU may target those vulnerable to inflation

Location:

EU

Russia’s invasion of Ukraine cut the supply of major staples to the Baltic states and the Visegrad Four (V4: Czechia, Hungary, Poland and Slovakia). Local factors, such as import…

Ethiopia hopes painful reforms will stabilise economy

Location:

ETHIOPIA

Ethiopia applied for IMF support in September 2021 but the ensuing negotiations were difficult. However, up-front implementation of major reforms eventually convinced the IMF to…