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Fiscal policy may deter holding Romanian debt

Location:

EUROPE

The outlook for Central-East European debt.

South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

South African relief plan will not halt further slide

Location:

SOUTH AFRICA

South African relief package.

Argentine debt talks will be tense as doubts persist

Location:

ARGENTINA

Speaking before Congress on February 13, Guzman said Argentina had the willingness but not the ability to repay debt. He proposed a gradual path to a balanced budget, to be…

IMF deal may aid economic stabilisation in Suriname

Location:

SURINAME

This is positive news for the country, which experienced a sharp economic decline in 2020 and had been struggling to bolster economic activity for several years before that. New…

Australia budget places growth over fiscal discipline

Location:

AUSTRALIA

The strategy should support the economic recovery that is already underway following a year of pandemic-related restrictions. There will be more spending on infrastructure and…

Russia’s budget deficit may exceed official target

Location:

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…

Argentina may not meet budget promises

Location:

ARGENTINA

Finance Minister Alfonso Prat-Gay described it as "based on the truth", but it relies on several optimistic assumptions, in particular on growth and inflation rates. Government…

Weak domestic demand is holding back Greek recovery

Location:

GREECE

Evidence of Greece’s economic recovery, which started in 2017, is to facilitate its exit from the bailout programme on August 20, while the speed of the rebound should largely…

Emerging Asia activity will slow despite China rebound

Location:

INTERNATIONAL

ASEAN's growth is nevertheless expected to outpace global growth, of which China and India are expected to contribute more than 50% -- India about 15% and China around 35%.