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Ethiopia's forex crunch will aggravate reform pressure

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ETHIOPIA

The government hopes this plan will above all inject fresh foreign currency into the cash-starved economy. Recently, it has had to manage its dwindling foreign exchange (forex…

Australian post-election fiscal conservatism is likely

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AUSTRALIA

As Australia seeks to manage slower demand from China and depressed commodities prices, Prime Minister Malcolm Turnbull has called a 'double dissolution' election for July 2…

Blaming slower GDP on trade risks missing other perils

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INTERNATIONAL

Some of the downside risks the April WEO highlighted have materialised, while the FSR sees higher risks to financial stability. The explanations prioritise trade but many other…

Hungarian economy will face post-election challenges

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HUNGARY

The next government's economic prospects.

The opportunity for euro-area reform is closing

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EU

Euro-area governance.

Economic policy will be unpredictable after Turks vote

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TURKEY

The TCMB has responded quickly to a new wave of lira volatility ahead of local elections, forcing banks to borrow at the overnight rate of 25.5% instead of the 24.0% policy rate…

Slovenia's window of opportunity to reform is closing

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SLOVENIA

The economy has been growing respectably, helped by rising exports, inward foreign direct investment (FDI), the ECB's quantitative easing and large inflows of EU structural funds…

Italy's Renzi will face critical tests before year-end

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ITALY

This is a crucial step for the government before year-end, together with long-term banking issues and slowing economic recovery. The European Commission has allowed Italy…

New railway’s early days give Laos cause for optimism

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LAOS

While concerns remain that the project will worsen its external debt position, demand to use the line is strong, even though there are currently no onward services for passengers…

Ethiopia's demonetisation mixes politics and economics

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ETHIOPIA

The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…