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Rousseff's Brazil reforms risk running onto the rocks

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BRAZIL

President Dilma Rousseff is seeking economic reforms and fiscal adjustment to increase Brazil's international competitiveness, focussing on improving infrastructure, human capital…

Russia's budget reflects caution on future spending

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RUSSIA

A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…

Debate deepens among stagnationists and technologists

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INTERNATIONAL

Secular stagnation.

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…

Uruguayan government challenges will mount this year

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URUGUAY

Lacalle Pou’s pension reform has passed the Senate, educational reforms are under way and he is pushing infrastructure works. However, the opposition Frente Amplio (Broad Front…

New Zealand growth and revenue could disappoint

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NEW ZEALAND

This fiscal path is broadly consistent with the previous government’s, but the surpluses are planned to be smaller and net government debt is expected to drop below 20% of GDP two…

Inflation 'solution' should help avoid Brazil default

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BRAZIL

Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…

Macron is looking to enhance France’s industrial base

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FRANCE

France's manufacturing outlook.

Bet on Canada's spending poses risks for Trudeau

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CANADA

It includes large federal stimulus spending to spur economic growth and to alleviate the worst impacts of the collapse in global commodity prices, particularly oil. The budget…

Economic dissatisfaction will persist in Turkey

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TURKEY

The main opposition Republican People’s Party (CHP), which has benefited from economic discontent, has called for higher wages and pensions. In contrast, the government is now…