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South-east Asian tax reform will proceed slowly

Location:

SOUTH-EAST ASIA

Tax initiatives in South-east Asia.

Policy splits will worsen Argentina inflation outlook

Location:

ARGENTINA

Though global commodity prices are a factor, inflation started accelerating in late 2021 due to pre-election monetary expansion. The rise has deepened differences between the…

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Australian budget curbs spending but dodges reform

Location:

AUSTRALIA

This seventh successive monthly increase takes the RBA’s benchmark cash rate to a nine-year high. With inflation now expected to exceed even the more recent RBA forecasts, further…

Spain should avoid recession but growth will slow

Location:

SPAIN

Spain has outperformed other EU economies thanks to a resurgence in demand for tourism, with spending close to 2019 levels, and its relatively limited direct exposure to the…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Latest Turkish inflation surge could be persistent

Location:

TURKEY

The recent surge in inflation.

Contagion concerns worsen Uruguay's economic outlook

Location:

URUGUAY

The Argentine financial crisis and economic downturn are affecting Uruguay at a time when its economy is cooling while popular discontent is rising over the difficulty of finding…

Brazil policies focus on short-term poverty responses

Location:

BRAZIL

The pandemic has worsened the living conditions of vulnerable people. Governmental emergency aid has temporarily lifted people out of poverty, but declining income gains, high…

Government should pass referendum test in Uruguay

Location:

URUGUAY

President Luis Lacalle Pou’s government has strong public support thanks to a tepid economic recovery and improvements in security, and despite a new wave of COVID-19 cases…