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South Africa's Ramaphosa will struggle to reform ANC

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SOUTH AFRICA

The intervention by new President Cyril Ramaphosa's follows recent debilitating public protests and public-sector strikes. Demonstrators have demanded the resignation of embattled…

South Africa debt crisis threatens municipal solvency

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SOUTH AFRICA

Until recently, worsening indicators were confined to small-town and rural areas, but now, as the report highlights, the problem has spread to major metropolitan local government…

Argentine economy will underperform again in 2015

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ARGENTINA

In 2014, real GDP expanded by 0.5%, according to the National Statistics Institute (INDEC). Public consumption was the counter-cyclical driver while the other components of…

Quick end to Canada rail strike still leaves problems

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CANADA

The quick return to work forestalls direct government intervention but also underlines how vulnerable the Canadian economy is to transport disruption. Both the agricultural and…

Recovery will not reverse poverty woes in Argentina

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ARGENTINA

In 2016, the economic downturn boosted unemployment, especially in the manufacturing and construction industries, while inflation undermined real incomes, hitting the poorest…

Colombia’s economy faces sluggish growth in 2024

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COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

COVID-19 may hit less resilient EU eastern areas more

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EU

At least in the EU’s eleven eastern member states (EU-11), there has been significant if slow progress in lifting standards of living across the board in the past decade…

Virus second wave will derail Greek budget forecasts

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GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

Canadian foreign homebuyer taxes may backfire

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CANADA

British Columbia's property tax for foreign homebuyers.

Ramaphosa’s government faces social relief dilemmas

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SOUTH AFRICA

The pandemic has sharpened questions about the role of South Africa's extensive social grants system in wider economic policy. In particular, emergency provisions have focused…