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Tourism to drive Belize economic growth amid slowdown

Location:

BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Italy's rejection of ESM reforms will continue

Location:

EU/ITALY

Reforms to the ESM, which is the EU’s main bailout fund, were agreed by member states in 2021 but implementation has been halted by Italian opposition. The vote exposed divisions…

Weaker finance context would test all emerging markets

Location:

INTERNATIONAL

These markets are benefitting from the softer US dollar and improved investor perceptions of central bank credibility. However, destabilising factors loom on the horizon.

COVID-19 crisis will interrupt Dominican GDP growth

Location:

DOMINICAN REPUBLIC

The Dominican Republic and COVID-19.

Mexico’s Sheinbaum will inherit major Pemex challenges

Location:

MEXICO

Pemex is one of several major public finance challenges that Sheinbaum's administration will inherit when she takes office on October 1. Without major changes in its operational…

Budget will stabilise Portugal's minority government

Location:

PORTUGAL

The Portuguese government presented its 2017 budget to parliament on October 14. The EU agreed in August to waive fines over its excessive budget deficits, but Portugal remains…

New Zealand's 2016 budget will boost fiscal resilience

Location:

NEW ZEALAND

This marks the eighth annual budget since Prime Minster John Key's National Party-led government took office in November 2008. New Zealand's fiscal position has strengthened…

Turkey's central bank may tighten harder later

Location:

TURKEY

This follows the decision by the Central Bank of the Republic of Turkey (CBRT) on August 18 to keep its three main interest rates on hold. Despite the CBRT also announcing a 'road…

Middle East and North Africa will lead tourist rebound

Location:

MIDDLE EAST/NORTH AFRICA

The Middle East has been a key market in the post-pandemic rebound in global tourism, boosted by one-off events in the Gulf Cooperation Council (GCC) in 2022. GCC states are…

Draft budget will increase Greek taxpayers' burden

Location:

GREECE

Clearing state arrears to the private sector depends on the quartet of international creditors' timely disbursement of financial assistance tranches. The finance ministry is in…