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Cuban 'opening' will be gradual and limited

Location:

CUBA

Although the promise of Cuba's 'opening' has brought a rush of high-level US and European visits, change will be slow. Negotiations to restore diplomatic relations with…

Turkey’s currency is likely to depreciate in 2023

Location:

TURKEY

The stability of the lira since June 2022 is primarily a result of President Recep Tayyip Erdogan’s government shoring up the currency despite cutting interest rates. The…

Libyan unity government should ease economic pressures

Location:

LIBYA

The economy has faced major challenges recently: recurring disruptions to the oil and gas sector, state fragmentation and war between the government in Tripoli and the armed…

Nigeria’s Buhari will sustain protectionist course

Location:

NIGERIA

Nigerian economic policy.

Nigerian economic plan will sidestep difficult choices

Location:

NIGERIA

Recently, the IMF published its annual country surveillance report on Nigeria, which warned of serious consequences from “insufficient” policies proposed in the government’s newly…

Tax shifts may mar agriculture outlook in Argentina

Location:

ARGENTINA

High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Japan's government will cushion exchange rate impact

Location:

JAPAN

It has also been trading at year-long lows against the euro, pound and other major currencies. Japan's leaders used to assume that a weaker currency was good for the country…

Egypt's economy will stand on firmer ground

Location:

EGYPT

Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…

Egypt will face multiple risks in 2024

Location:

PROSPECTS 2024

This will make for a challenging start of President Abdel-Fattah el-Sisi’s third term, after he is inevitably re-elected in December this year. Meanwhile, the government will also…