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Recession increases risks to Russian leadership

Location:

RUSSIA

Recovery will be slower in 2017 than previously estimated, at 0.9% instead of 1.7%, the bank said. The low price of oil is the main burden on the flagging Russian economy…

Argentina stabilisation plan will prove challenging

Location:

ARGENTINA

With Milei now predicting six months of stagflation and up to two years to reduce inflation from triple digits, dollarisation appears to have been shelved. Instead, he seems…

Egypt's budget sets ambitious revenue targets

Location:

EGYPT

The budget envisages an overall deficit of 7% of GDP, revised upwards from an earlier draft because of the effects of devaluation and higher interest rates on public debt…

Turkey’s illiberal economic model will extend further

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TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Angolan government will point to early reform progress

Location:

ANGOLA

The underperformance of the oil sector, coupled with a recent fuel distribution crisis, have combined to dampen growth forecasts for 2019. While President Joao Lourenco’s…

Zambia debt crisis faces imminent tipping point

Location:

ZAMBIA

President Edgar Lungu and his Patriotic Front (PF) government are increasingly struggling to mobilise resources to meet repayments amid continued high public spending. Meanwhile…

Costly food will spotlight neglect of Turkish farming

Location:

TURKEY

This exceeds overall consumer price inflation of 15.9%. Besides causing public alarm, high food prices could indicate that Turkey is barely managing to feed its growing…

Angola mounting debt burden raises future default risk

Location:

ANGOLA

The IMF's willingness to turn a blind eye may enable Angola to retain access to concessional finance over the next 18 months; however, Luanda needs a plan to address deferred…