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Prospects for the global economy in 2021

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PROSPECTS 2021

Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…

India and Central Asian states will boost cooperation

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INDIA/CENTRAL ASIA

The Central Asian leaders were due to be chief guests at India’s Republic Day celebrations a day earlier, but Delhi cancelled that plan in view of the latest surge in COVID-19…

Egypt will focus on boosting industrial output

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EGYPT

Stabilisation measures implemented with Gulf assistance this year have created a platform for manufacturing growth. If this can be directed to boost manufactured exports, it would…

Vested interests may block urgent tax reform in Jordan

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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…

Debt reliance will undermine Laos's development

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LAOS

Alongside loans, the sale will support energy infrastructure development, part of Vientiane's national development and economic growth plans; Laos has also started preparatory…

Ciolos will aim to tackle Romania's developmental lag

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ROMANIA

The non-party government of former EU Commissioner Dacian Ciolos took office on November 17 after the Ponta government stood down. Much of the previous administration's budget…

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…

Cambodia’s Hun Manet will prioritise economy

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CAMBODIA

The Cambodian People’s Party (CPP) -- led by former premier Hun Sen, Hun Manet’s father -- won 120 out of 125 seats in the National Assembly, the lower house, in last July’s…

Financing shortfall will push Oman to uneasy austerity

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OMAN

A fiscal crunch exacerbated by the pandemic and associated oil-price crash has forced the authorities to step up long-term ‘Omanisation’ efforts, ultimately taking pressure off…