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Conservative 2018 Indonesia budget faces bottlenecks

Location:

INDONESIA

The government’s SME plans are part of the 2018 national budget, which President Joko Widodo presented to the legislature on August 16.

Virus second wave will derail Greek budget forecasts

Location:

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…

Belize’s economic recovery will slow

Location:

BELIZE

Both the IMF and the UN Economic Commission for Latin America and the Caribbean forecast growth of 2.0% this year, driven by tourism. Tourism accounts indirectly for almost 40% of…

COVID-19 and oil shocks raise Gulf recession risks

Location:

GULF STATES

Lower oil and gas revenues are the major transmission channel of the global crisis to regional economies, but tourism, financial and professional services are also taking a major…

Egypt’s recession may prove deeper than it appears

Location:

EGYPT

However, labour market figures for this period indicate the effect of the pandemic on the public has been considerably more severe than the GDP data suggest.

Panama faces major fiscal and external challenges

Location:

PANAMA

Partial or complete lockdowns are taking a heavy toll on activity, with a pronounced impact on construction (down 70.5%), manufacturing (down 29.5%), hotels and restaurants (down…

Greek GDP growth in 2022 will rely on EU recovery aid

Location:

GREECE

The economic rebound from a 9% contraction in 2020 is mainly being driven by strong domestic demand supported by accommodative fiscal policies and higher-than-expected tourism…

Prospects for African economies to end-2020

Location:

PROSPECTS H2 2020

The worst-hit countries will be those most exposed to the pandemic’s triple shock of travel restrictions, plunging commodity prices and disruptions to external trade and…

Southern Europe faces long recovery after COVID-19

Location:

EU

The pre-pandemic state of many southern economies, embodied by high levels of debt and low growth potential, will make it more difficult for these countries to offset the…

Vested interests may block urgent tax reform in Jordan

Location:

JORDAN

It also looked at government-proposed amendments to another law aiming to reduce the scope for tax evasion in the Aqaba Special Economic Zone. Recent developments including the…