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Russian banks face another tough year in 2023

Location:

RUSSIA

Banking-sector stability is vital for the functioning of the Russian economy: bank credit is facilitating economic restructuring. Although the sector withstood the first impact of…

Russia spillover, low oil price will challenge Astana

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KAZAKHSTAN

The slowing down of Kazakhstan's economy continues against a background of slow global growth, the turbulent economic situation in Russia and low oil prices. Lower-than-projected…

Prospects for Central Europe and Balkans to end-2022

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PROSPECTS H2 2022

Prospects for Central Europe and Balkans to end-2022.

Russia’s budget deficit may exceed official target

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RUSSIA

The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…

Czech and Polish anti-inflation plans may work better

Location:

EASTERN EUROPE

Budget constraints make it difficult for the Czech, Hungarian, Polish and Slovak authorities to help households and firms suffering as a result of the economic shocks caused by…

Prospects for Turkey to end-2022

Location:

PROSPECTS H2 2022

Prospects for Turkey to end-2022.

India will keep tight control over wheat exports

Location:

INDIA

Delhi last month banned wheat exports except in cases where letters of credit for shipments have already been issued and where foreign governments request supplies to help meet…

Earthquakes may dent but not halt Turkish tourism boom

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TURKEY

Turkey’s tourism sector, which is an important source of foreign exchange, economic activity and employment, could have a record year in 2023. Foreign visitor arrivals could grow…

Food prices to fall slowly amid persistent disruptions

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INTERNATIONAL

This raises hopes of greater food supply, less disruption and lower prices. Grain and other agricultural commodities are sailing from Ukrainian Black Sea ports again after a safe…

Oil price rise to change Mexican government strategy

Location:

MEXICO

This will be all the more marked given the importance of oil-related revenues to the exchequer and President Andres Manuel Lopez Obrador's (AMLO) apparent determination to keep…